15367 Rankin AveDunlap, TN 37327

Property Details for 15367 Rankin Ave

Year built

1985

Lot size

0.52 AC

Property size (Sq ft)

3,329 SF

Zone code

FLOOD

Property type

Healthcare properties

Property subtype

Medical offices

APN

077048L B 00102

APU

077048LB00102

Description

This exceptional mixed-use property, located at 15367 Rankin Ave in Dunlap, Tennessee, presents a compelling investment opportunity. Situated on a 0.7-acre lot, the 3,325 square foot building boasts three fully built-out office spaces, one previously configured as a doctor's office. Three additional rental spaces are currently occupied, generating a consistent income stream and achieving a 6% capitalization rate. The property's strategic location across from Taco Bell on Rankin Ave ensures high visibility and accessibility. Ample parking surrounds the building, offering convenience for tenants and customers. The design allows for the potential addition of a drive-through window, further enhancing its commercial viability. This property is ideally suited for investors seeking a strong return in a thriving community that retains its small-town charm. The existing infrastructure and potential for expansion make this a versatile and attractive investment. The building's size and lot size offer significant flexibility for future development or adaptation to changing market demands. This is a rare opportunity to acquire a well-maintained, income-producing property in a growing Tennessee town. The current rental income and potential for future growth make this a sound investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $704,098

  6.5%

  $649,937

  7%

  $603,513

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,261

  Geo Method

  $649,355

• Alternative Use

  Use

  Valuation

  Residential

  $805,921

  Hospitality

  $738,220

  Educational

  $614,190

  Medical

  $635,313

  Retail

  $955,407

Location Insight

City

Dunlap

County

Sequatchie

State

Tennessee

Latitude

35.3681

Longitude

-85.3926

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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