Office Building with Penthouse
2500 Executive Park Nw Cleveland, TN 37312
2500 Executive Park Nw, Cleveland, TN, 37312
$499,000
For Sale
$499,000
Renovated executive office suites with a fully renovated penthouse apartment above, with all suites currently leased.
Property Size4,342 SF
Price / SF$114.92
Days on Market137
Property Features for 2500 Executive Park Nw
General Information
- Standard status
- Active
- Size
- 4,342 SF
Listing Agency
Bridge Property Management Group, LLC
(423) 650-6856
Listed by
Cristy Schuch · License #351771
(423) 650-6856
Source
Exprealty
Added: Mar 4 Checked: Jul 17 at 9:08 pm
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 Bridge Property Management Group, LLC
Investment Insights
Based on property information with market context.
This unique building combines executive office accommodations with a renovated penthouse apartment on the top level. The office portion is described as offering elegantly designed, fully renovated executive suites with refined finishes and flexible layouts intended for professional use. A renovated penthouse residence is also included, totaling 1,585 SF and positioned above the commercial spaces to create separation and privacy. The property is presented as a turnkey option for operators seeking both workplace space and an additional, separately situated residence.
All suites are currently leased out, according to the seller’s remarks. The building is offered for sale as a single asset at 2500 Executive Park Nw, Cleveland, TN, and the penthouse is described as suitable for high-end short-term rental use, executive housing, or an owner-occupant residence. The executive suites are positioned below, while the penthouse sits perched atop the structure.
For prospective tenants, buyers, and investors, the configuration supports multiple operating models by pairing professional office suites with an independently positioned living space. The building’s stated renovations and professional ambiance align well with corporate offices, consulting firms, legal practices, boutique agencies, and medical offices, while the penthouse can serve as supplemental housing or a furnished rental option, depending on how the end user intends to operate.
All suites are currently leased out, according to the seller’s remarks. The building is offered for sale as a single asset at 2500 Executive Park Nw, Cleveland, TN, and the penthouse is described as suitable for high-end short-term rental use, executive housing, or an owner-occupant residence. The executive suites are positioned below, while the penthouse sits perched atop the structure.
For prospective tenants, buyers, and investors, the configuration supports multiple operating models by pairing professional office suites with an independently positioned living space. The building’s stated renovations and professional ambiance align well with corporate offices, consulting firms, legal practices, boutique agencies, and medical offices, while the penthouse can serve as supplemental housing or a furnished rental option, depending on how the end user intends to operate.
Key Highlights
- Fully renovated executive office suites building with all suites currently leased
- Renovated penthouse apartment above the commercial spaces offers 1,585 SF
- Penthouse features a separate upper setting for added privacy from commercial areas
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 buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated executive office suites with a fully renovated penthouse apartment above, with all suites currently leased.
Where is this office building located?
The property is located at 2500 Executive Park 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: Fully renovated executive office suites building with all suites currently leased; Renovated penthouse apartment above the commercial spaces offers 1,585 SF; Penthouse features a separate upper setting for added privacy from commercial areas
