Dual-Zoned Residential Income
For Sale
$299,000
111 Old 25th Street NE, Cleveland, TN 37311
COMMERCIAL - Cleveland, TN
Property Size1,404 SF
Lot Size0.23 Acres
Price / SF$212.96
Days on Market54
Property Features for 111 Old 25th Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi Use
Interior features
Primary Downstairs
Exterior features
Rain Gutters
Appliances
Dishwasher, Electric Range, Refrigerator
Lot features
Level, Level
Elementary school
Mayfield
Middle school
Cleveland
High school
Cleveland
Directions
TN 60/APD 40 turn right on Julian Drive 25th turn left on Old 25th Street.
Standard status
Active
APN
050a L 011.00
Size
1,404 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1578
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1944
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 473-9545
Listed By:
Cindy Chase · License #282144
(423) 595-1308
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 29 at 11:06PM
MLS# 20263529
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 dual-zoned residential income property is a move-in-ready 2-bedroom, 1-bath home. The listing notes it is suitable for use under both HC Commercial and Residential zoning classifications, providing flexibility for an owner-operator or investor seeking a straightforward residential setup.
Located at 111 Old 25th Street NE in Cleveland, Tennessee, the property sits on a 0.23-acre lot. Zoning is identified as Multi Use, with the additional detail that it includes both HC Commercial and Residential. The total building size is listed as 1,404 square feet.
For tenants or buyers looking for an immediately rentable residence, the existing 2-bedroom, 1-bath configuration supports a simple living arrangement without requiring stated upgrades or renovations. Because the property is described as dual zoned, it may also appeal to those evaluating options that align with both commercial and residential zoning categories, subject to applicable requirements for the intended use.
Located at 111 Old 25th Street NE in Cleveland, Tennessee, the property sits on a 0.23-acre lot. Zoning is identified as Multi Use, with the additional detail that it includes both HC Commercial and Residential. The total building size is listed as 1,404 square feet.
For tenants or buyers looking for an immediately rentable residence, the existing 2-bedroom, 1-bath configuration supports a simple living arrangement without requiring stated upgrades or renovations. Because the property is described as dual zoned, it may also appeal to those evaluating options that align with both commercial and residential zoning categories, subject to applicable requirements for the intended use.
Key Highlights
- Dual‑zoned property with HC Commercial and Residential uses
- 2‑bedroom, 1‑bath layout
- Move‑in ready for rental or investor use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,820
$208.8K
Cap Rate 7%
$149,157
$149.2K
Cap Rate 9%
$116,011
$116.0K
Market Conditions
NOI Build-Up for 1,404 SF
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.
Gross rent
$20.2K $14.40/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$19.0K $13.52/SF
− OpEx
−$8.5K −$6.08/SF
NOI
$10.4K $7.44/SF
Area
Bradley County, TN
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,820
Cap Rate 7%
$149,157
Cap Rate 9%
$116,011
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,622 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 37311, TN
29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - A move-in-ready 2-bedroom, 1-bath home suited for rental use with both commercial and residential zoning.
Where is this single family property located?
The property is located at 111 Old 25th Street NE Cleveland, TN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Dual‑zoned property with HC Commercial and Residential uses; 2‑bedroom, 1‑bath layout; Move‑in ready for rental or investor use
