Executive Office Building with
2500 Executive Park Drive NW Cleveland, TN 37312
2500 Executive Park Drive NW, Cleveland, TN, 37312
$499,000
For Sale
$499,000
COMMERCIAL - Cleveland, TN
Property Size4,342 SF
Lot Size0.30 Acres
Price / SF$114.92
Days on Market141
Property Features for 2500 Executive Park Drive NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Interior features
- Walk-In Shower, Storage, High Ceilings, Crown Molding, Bookcases, Built-in Features, Cathedral Ceiling(s)
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 041c E 001.09
- Size
- 4,342 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4339
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Flooring type
- Hardwood, Tile, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agency
Bridge Real Estate Group
(423) 479-8721
Listed by
Cristy Schuch · License #351771
(423) 650-6856
Added: Mar 3 Updated: Jul 11 at 10:32PM Checked: Jul 22 at 5:06AM
MLS# 20261076
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 commercial property at 2500 Executive Park Drive NW in Cleveland, Tennessee offers executive office suites together with a fully renovated penthouse apartment located above the commercial spaces. The office area is described as having elegantly designed, renovated executive suites with refined finishes and flexible layouts, and the public remarks state that all suites are currently leased out.
The top floor features a renovated penthouse residence with approximately 1,585 square feet, positioned separately from the commercial spaces below for added privacy. The penthouse is presented as suitable for high-end short-term rental use, executive housing, or an owner-occupant residence.
With a total building size of approximately 4,342 square feet on an approximately 0.3-acre lot, this is a single building configured to combine leased office space with an added, separately situated residential unit.
The top floor features a renovated penthouse residence with approximately 1,585 square feet, positioned separately from the commercial spaces below for added privacy. The penthouse is presented as suitable for high-end short-term rental use, executive housing, or an owner-occupant residence.
With a total building size of approximately 4,342 square feet on an approximately 0.3-acre lot, this is a single building configured to combine leased office space with an added, separately situated residential unit.
Key Highlights
- Renovated penthouse apartment on top of the building offers 1,585 SF
- All suites are currently leased out, providing income‑producing occupancy
- Brick construction with shingle roof; interior includes high ceilings and crown molding
Local Financial Insights For Apartment 5plus
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 | $62.5k | $14.40 |
| − Vacancy | −$3.8k | −$0.88 |
| EGI | $58.7k | $13.52 |
| − OpEx | −$26.4k | −$6.08 |
| NOI | $32.3k | $7.44 |
4,342 SF · lease $14.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Office B
$686.7K
$600.8K – $801.1K
NOI $48,066 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$461.3K
$403.6K – $538.2K
NOI $32,291 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$911.1K
$797.2K – $1.06M
NOI $63,775 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - For-sale commercial building with fully renovated executive office suites and a penthouse apartment above.
Where is this office units located?
The property is located at 2500 Executive Park Drive NW Cleveland, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Renovated penthouse apartment on top of the building offers 1,585 SF; All suites are currently leased out, providing income‑producing occupancy; Brick construction with shingle roof; interior includes high ceilings and crown molding
