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    1490 Spring Place Road SE Cleveland, TN 37311

    View on Map
    For Sale
    $949,000

    COMMERCIAL - Cleveland, TN

    Property size:
    2,700 SF
    Lot size:
    4.20 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    119
    Last Refresh:
    Mar 31 at 10:06 pm

    Property Features for 1490 Spring Place Road SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    600
    Security features
    Security Lighting
    Standard status
    Active
    APN
    057m D 00300 000
    Size
    2,700 SF
    Lot size
    4.20 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    2309

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1964
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    Teresa Mustar

    Listing agent Teresa Mustar License #344895

    Listing office Keller Williams Realty - Chattanooga - Lee Hwy 7158 Lee Highway, TN

    Listing date Dec 2, 2025

    MLS# 20255636

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property on Spring Place Road

    Located on Spring Place Road in Cleveland, TN, this commercial property spans 4.2 acres and includes a 2,700 sq ft building. The building features an office, restroom, and a six-bay shop. The property benefits from grandfathered zoning, allowing continued use as either a new auto parts retail location or a salvage/used parts yard and store. Public utilities include natural gas, electricity, public water, and public sewer. The location experiences approximately 19,513 vehicles daily. The property is suited for an auto salvage yard and parts store, utilizing the six bays for dismantling, parts storage, and storefront sales. It also supports automotive parts retail (new & used) with over-the-counter sales using the bays as service/retail space. Other potential uses include a tow/recovery yard with retail parts, an automotive repair & service center, or a fleet service/contractor vehicle shop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Used Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • A&I AUTO SERVICE — 1635 Spring Place Rd SE, Cleveland, TN 37311
    • AFFORDABLE AUTO REPAIR — 800 20th st se, cleveland, tn 37311
    • Dash Print — 1727 Spring Place Rd SE, Cleveland, TN 37311
    • Los AMA2 auto repair and body shop — 2226 Spring Place Rd SE, Cleveland, TN 37323
    • Wentworth Detailing and Auto Care — 2206 Dalton Pike SE, Cleveland, TN 37311

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.866607
    Latitude
    35.138079

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    FAQs

    What type of property is this?
    Auto shop - 4.2-acre commercial property with 2,700 sq ft building.
    Where is this auto shop located?
    The property is located at 1490 Spring Place Road SE Cleveland, TN.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: Grandfathered zoning allows continued use as an auto salvage/used parts yard and store or a new auto parts retail location.; 4.2‑acre property on heavily traveled Spring Place Road (approx. 19,513 daily traffic count).; **Versatile 2,700 sq ft building with office, restroom, and six‑bay shop.**
    (423) 453-2077
    We can help!
    Listing Contact
    Teresa Mustar
    Real Estate License ID: 344895
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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