Leased Office Condo
4160 Ocoee Street N Cleveland, TN 37312
For Sale
$2,229,900
COMMERCIAL - Cleveland, TN
Property Size10,770 SF
Lot Size1.47 Acres
Price / SF$207.05
Days on Market1954
Property Features for 4160 Ocoee Street N
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Standard status
Active
APN
42g C 001.00
Size
10,770 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Annual Amount
18283
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Flooring type
Carpet, Tile
Building materials
Block, Metal Siding
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 473-9545
Listed By:
Max Phillips · License #203547
(423) 596-7173
Added: Mar 25, 2021
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 20211751
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.
Investment Insights
Based on property information with market context.
This Class A office condo complex is offered for sale as an investment property with seven condos that are currently leased. The complex is described as well constructed and in almost new condition.
The property is located at 4160 Ocoee Street N in Cleveland, Tennessee. The listing is categorized under Commercial zoning.
The offering includes a total property size of 10,770 square feet and a lot size of 1.47 acres, with details available upon request.
The property is located at 4160 Ocoee Street N in Cleveland, Tennessee. The listing is categorized under Commercial zoning.
The offering includes a total property size of 10,770 square feet and a lot size of 1.47 acres, with details available upon request.
Key Highlights
- Class A office condo complex built in 2005
- Complex includes 7 condos, all currently leased
- Central heating and central air with natural gas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.9k | $18.00 |
| − Vacancy | −$34.9k | −$3.24 |
| EGI | $159.0k | $14.76 |
| − OpEx | −$39.7k | −$3.69 |
| NOI | $119.2k | $11.07 |
10,770 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,224 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,190 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office condo complex offering seven units that are currently leased and in almost-new condition.
Where is this office units located?
The property is located at 4160 Ocoee Street N Cleveland, TN.
What is the asking price?
The asking price for this property is $2,229,900.
What are key features of this property?
This property features: Class A office condo complex built in 2005; Complex includes 7 condos, all currently leased; Central heating and central air with natural gas
