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Property profile & analytics
FOR SALE
Retail space

285 Head Dr Cleveland, AL 35049

12,177 SF Built 1999
Property ID
US03-Q021433
Property summary
AI-generated overview

Everyone in Cleveland and surrounding areas, are familiar with Jerry's LaundroMat and the former Por Boy Out Doors. 1 Building with 1 roof system. Laundry side has newer equipment, vending machine for snacks, vending machine for Laundry supplies and lots of work space to do the folding. All equipment is approximately 4 years old, good lighting, open 24 Hrs / 7 days a week and cleaned daily and 2500 sq feet. Por Boy's side could be used as a Resturant or another business, fenced area at the front comes with it, storage room at the back and side w/a total of approximately 5567 sq ft, side roll up door and so many possibilities. Currently being used as storage inside and at side, Seller will remove prior to closing. *Seller to block other areas that are apart of sale. Average bills, Water/Sewer $350 to $450, Power $400 to $600, Natural Gas $150-$300. 1 Meter Box & it is a 3 phase system. Average weekly profit for Laundry side is $1050. Call to schedule a time to check it out.

Property profile
Verified
Property type Retail space
Year built 1999
Total area 12,177 SF
UPID US03-Q021433
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jerry's Laundromat (Bike/Boat/Book/etc) Store
  • Porboy Outdoors (Bike/Boat/Book/etc) Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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