Office Unit with Meeting
2250 Chambliss Ave NW, Cleveland, TN 37311
For Sale
Contact for pricing
One-level office layout includes private offices, a kitchen, full bath, and on-site parking.
Property Size1,200 SF
Price / SF$1.13
Days on Market53
Property Features for 2250 Chambliss Ave NW
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Zeitlin Sotheby's International Realty
Listed By:
Elam Real Estate
(615) 890-1222
Source:
Elamrealestate
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 10 at 8:47AM
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 Zeitlin Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot office unit is arranged across a single level with three offices, a recreation and meeting room, kitchen, and full bath. The configuration provides a practical combination of private work areas and shared space within a building constructed in 1956.
On-site parking supports convenient access for occupants and visitors. The property is located at 2250 Chambliss Ave NW in Cleveland, Tennessee, directly across from the hospital.
On-site parking supports convenient access for occupants and visitors. The property is located at 2250 Chambliss Ave NW in Cleveland, Tennessee, directly across from the hospital.
Key Highlights
- Approximately 1,200 sq. ft. of office space
- Three offices plus a recreation and meeting room
- Kitchen and full bath included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,284
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,680
$265.7K
Cap Rate 7%
$189,771
$189.8K
Cap Rate 9%
$147,600
$147.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$3.9K −$3.24/SF
EGI
$17.7K $14.76/SF
− OpEx
−$4.4K −$3.69/SF
NOI
$13.3K $11.07/SF
Area
Bradley County, TN
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,680
Cap Rate 7%
$189,771
Cap Rate 9%
$147,600
Alternative Uses
Best Use
Office B
$189.8K
$166.1K – $221.4K
NOI $13,284 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - One-level office layout includes private offices, a kitchen, full bath, and on-site parking.
Where is this office unit located?
The property is located at 2250 Chambliss Ave NW Cleveland, TN.
What are key features of this property?
This property features: Approximately 1,200 sq. ft. of office space; Three offices plus a recreation and meeting room; Kitchen and full bath included
