7003 Shallowford RdChattanooga, TN 37421

Property Details for 7003 Shallowford Rd

Year built

1988

Lot size

17,049.00 AC

Property size (Sq ft)

12,420 SF

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

149A A 006.01

APU

149AA00601

Description

This exceptional Class B medical office building, located at 7003 Shallowford Rd in Chattanooga, Tennessee, 37421, presents a unique opportunity for healthcare professionals. The property, totaling 10,500 square feet, is comprised of six individual suites within a single, two-story building, offering flexibility for various practice sizes. Currently, 3,069 square feet of space is available, divisible into units as small as 600 square feet and with a maximum contiguous space of 5,000 square feet. The building boasts a convenient location in the East Brainerd submarket, specifically within the Hamilton Place cluster, providing excellent access to major thoroughfares and a high-traffic area. Built in 2006 and renovated that same year, the building features a modern aesthetic with 10-foot ceilings throughout. Ample parking is available with 23 spaces provided for tenants and visitors. The building is equipped with elevators for convenient access to both floors. This property is ideal for a variety of medical practices seeking a well-maintained, conveniently located space in a thriving Chattanooga community. The building's multiple suite configuration allows for expansion or downsizing as needed, making it a versatile option for long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,626,884

  6.5%

  $2,424,816

  7%

  $2,251,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,023,094

  Geo Method

  $2,422,645

• Alternative Use

  Use

  Valuation

  Residential

  $3,006,772

  Hospitality

  $2,754,187

  Educational

  $2,291,451

  Medical

  $2,370,258

  Retail

  $3,564,480

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0441

Longitude

-85.1598

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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