Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleveland Office Space For Lease Title is generated by Realmo AI

    177 Mouse Creek NW Road, Cleveland, TN 37312

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr $15,592/Mo (calc)

    Centrally located office building in Cleveland, TN, available for lease.

    Type:Rental
    Property size:
    11,694 SF
    Added:
    Nov 21, 2023
    Days on Market:
    917
    Last Refresh:
    May 19 at 10:21 pm

    Property Features for 177 Mouse Creek NW Road

    General Information

    Standard status
    Active
    Size
    11,694 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Brian Workman
    Brian Workman

    Listing agent Brian Workman License #271193

    Listing office Bender Realty

    Listing date Nov 21, 2023

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bender Realty

    HighLights

    • Centrally located office building.
    • One suite is about to be newly remodeled.
    • 2,164 sq ft of rentable space available.
    • Well‑kept building.
    • 3D Matterport walk‑through available.
    • Built in 1995.

    Overview

    This well-kept office building is centrally located in Cleveland, Tennessee. One upstairs suite, comprising approximately 2,164 square feet of rentable space, is about to be newly remodeled and ready for occupancy. The property offers a total size of 11,694 square feet. Leasing is offered at $16 per square foot, plus C.A.M., currently estimated at $3.00 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Georgetown Medical Clinic Medical Clinic Dr. Stephen S. ... Pediatrician Princept Corporation Accounting Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.85168
    Latitude
    35.19845

    Nearby Similar for Lease

    • $8,000/Mo
      10,500 SF

      Versatile Commercial Space with Warehouse

      Office, warehouse, and retail space available for rent.
      2260 Candies Lane NW, Cleveland, TN 37312
      View Details
    • $3,675/Mo
      2,250 SF

      Cleveland Office Space For Lease

      Office space featuring multiple offices, conference room, and kitchen.
      2650 Executive Park Drive NW, Cleveland, TN 37312
      View Details
    • $3,000/Mo
      3,000 SF

      Cleveland Office Space For Rent

      3000 SF office space centrally located in Cleveland, TN.
      1855 Executive Place NW, Cleveland, TN 37312
      View Details
    • $1,350/Mo
      990 SF

      Furnished Hair Salon for Rent

      Fully furnished hair salon with 8 stations for rent.
      2328 Georgetown Road NW, Cleveland, TN 37311
      View Details
    • $4,500/Mo
      2,028 SF

      Cleveland Commercial Space For Rent

      Commercial space available for lease in Cleveland, Tennessee.
      1011 Peerless Crossing Drive NW, Cleveland, TN 37312
      View Details
    • $1,495/Mo
      780 SF

      Class A Office Condo

      Office condo for lease with reception and executive office.
      4160 N Ocoee Street NE, Cleveland, TN 37312
      View Details
    • $12 SF/Yr
      165,715 SF

      Adaptable Office Space on Keith

      Divisible office space suitable for various business needs.
      201 Keith St SW, Cleveland, TN 37311
      View Details
    • $35 SF/Yr
      12,900 SF

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Highway, Cleveland, TN 37312
      View Details
    • $3,000/Mo
      2,800 SF

      Versatile Office Space Near Interstate

      Professional office space for lease with excellent accessibility and functionality.
      1600 Clingan Ridge Dr Nw, Cleveland, TN, 37312-3711
      View Details
    • Contact for pricing
      800 SF

      Retail Suite in Cleveland, TN

      Single-tenant retail suite with high visibility and traffic.
      2175 APD 40, Cleveland, TN 37311
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Warehouse Space in Cleveland

      4,000 SF industrial facility with Phase 3 power.
      2419 Thompson Lane Northwest, Cleveland, TN 37311
      View Details
    • $19 SF/Yr

      Medical/Professional Office Space Available

      Single tenant medical or professional office space for rent.
      1494 Stuart Rd NE, Cleveland, TN 37312
      View Details

    FAQs

    What type of property is this?
    Office building - Centrally located office building in Cleveland, TN, available for lease.
    Where is this office building located?
    The property is located at 177 Mouse Creek NW Road Cleveland, TN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Centrally located office building.; One suite is about to be **newly remodeled**.; 2,164 sq ft of rentable space available.
    (423) 618-0900
    We can help!
    Listing Contact
    Brian Workman
    Brian Workman
    Real Estate License ID: 271193
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    177 Mouse Creek NW Road, Cleveland, TN 37312
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!