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    The Largest CRE Database in the US with Over 1 Million Listings

    285 Head Dr Cleveland, AL 35049

    Sponsored
    For Sale
    $475,000

    Retail - CLEVELAND, AL

    Type:Retail
    Property size:
    5,567 SF
    Lot size:
    0.90 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 27 at 10:06 am

    Property Features for 285 Head Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    B2
    Size
    5,567 SF
    Lot size
    0.90 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1999
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Ann Thomas

    Metro North dba Keller Williams Metro North (205) 694-0300

    Listing agent Ann Thomas (205) 694-0300

    Listing date Jan 26, 2026

    MLS# 21441893 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cleveland Retail/Restaurant Opportunity

    This property in Cleveland, Alabama, features a building currently housing a laundromat and a former equipment sales business. The laundromat side, approximately 2,500 square feet, includes newer equipment (approximately 4 years old), a snack vending machine, a laundry supply vending machine, and ample workspace for folding. It operates 24 hours a day, 7 days a week, and is cleaned daily. The other side of the building, formerly an equipment sales business, offers approximately 5,567 square feet of space and could be used as a restaurant or another business. It includes a fenced area at the front, a storage room at the back and side, and a side roll-up door. The current owner uses it for storage, which they will remove prior to closing. The property has one meter box with a 3-phase system. Average utility costs are: Water/Sewer $350 to $450, Power $400 to $600, and Natural Gas $150-$300. The laundromat generates an average weekly profit of $1,050. The property is situated on a 0.9-acre lot and is zoned B2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jerry's Laundromat Laundry Service Porboy Outdoors Lawn Mower Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Blount
    State
    Alabama
    Longitude
    -86.583559
    Latitude
    33.988473

    Nearby Similar for Sale

    • $339,000
      1.17 Acres

      Warehouse with Apartment in Cleveland

      17,000 sqft warehouse with 2-bed apartment on 1.17 acres.
      37017 Alabama Hwy 79, Cleveland, AL 35049
      View Details
    • $475,000
      0.90 Acres

      Cleveland Retail Investment Opportunity

      Dual-Business Property, High Income Potential
      285 Head Dr, Cleveland, AL 35049
      View Details
    • $475,000
      12,177 SF

      Alabama Retail Investment Opportunity

      Two Businesses, High Income Potential
      285 Head Dr, Cleveland, AL 35049
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail building suitable for restaurant or other business ventures.
    Where is this retail property located?
    The property is located at 285 Head Dr Cleveland, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Established Laundry Mat: Well-known location with newer equipment and 24/7 operation.; - Dual Business Potential: Includes a large (5567 sq ft) space formerly used by PorBoys Law Equipment, suitable for restaurant or other business ventures.; - Income-Generating Laundry: Laundry side generates an average weekly profit of $1050.
    (205) 694-0300
    Request Owner's contact information
    285 Head Dr Cleveland, AL 35049
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    Cleveland, AL 35049
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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
    285 Head Dr Cleveland, AL 35049
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    We can help!
    Listing Contact
    Ann Thomas
    (205) 694-0300
    Learn more
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