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    Partially Renovated Medical Building Title is generated by Realmo AI

    2825 Westside Dr NW, Cleveland, TN 37312

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    Well-equipped medical building with leased spaces and modern amenities.

    Type:Office
    Property size:
    5,252 SF
    Price / SF:
    $228/SF
    Added:
    Oct 21, 2024
    Days on Market:
    603
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 2825 Westside Dr NW

    General Information

    Standard status
    Active
    Size
    5,252 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Cristy Schuch
    Cristy Schuch

    Listing agent Cristy Schuch License #351771

    Listing office Bridge Real Estate Group

    Listing date Oct 21, 2024

    Source Crexi

    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 Real Estate Group

    HighLights

    • Partially renovated medical building with two leased spaces, providing immediate rental income.
    • 5,252 sq. ft. of versatile space designed for optimal functionality and patient comfort.
    • Features spacious waiting rooms, welcoming front desk areas, and thoughtfully designed exam/treatment rooms.
    • Recent updates include modern paint, flooring, and upgraded bathrooms.
    • Includes ample office space and generous storage areas.
    • Convenient location with plenty of parking for patients and staff.

    Overview

    This partially renovated medical building offers an excellent investment opportunity. The 5,252 sq. ft. building features two leased spaces well-equipped for medical practices. Designed for functionality and patient comfort, the facility includes spacious waiting rooms, welcoming front desk areas, and thoughtfully designed exam and treatment rooms that cater to diverse medical practices. The interior has been recently updated with modern paint and flooring, creating a fresh and inviting atmosphere. The bathrooms have also been upgraded with contemporary fixtures. In addition to ample office space for administrative needs, the building includes generous storage areas, allowing for efficient organization and easy access to essential supplies. The property offers plenty of parking, making it accessible for patients and staff. The property is located in Cleveland, TN.

    Local Financial Insights For Healthcare Medical

    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 $113.4k $21.60
    − Vacancy −$11.3k −$2.16
    EGI $102.1k $19.44
    − OpEx −$40.8k −$7.78
    NOI $61.3k $11.66
    5,252 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $875.1K
    $765.7K – $1.02M (±1% cap)
    NOI $61,259 @ 7.0% cap · market cap 5.10%
    Second Best
    Office B
    $830.6K
    $726.8K – $969.0K (±1% cap)
    NOI $58,140 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Office A
    $1.10M
    $964.3K – $1.29M (±1% cap)
    NOI $77,141 @ 7.0% cap · market cap 6.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Terpstra Greg MD Pediatrician Cleveland Family practice ... Medical Clinic Rahbe Samir MD Physician Angela Marie Coates Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Animal Medical Center — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Taylor Animal Hospital — 2840 Keith St NW, Cleveland, TN 37312
    • Connelly Shelia DVM — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Moore Bill DVM — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Dr. John Owens, DVM — 2840 Keith St NW, Cleveland, TN 37312

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.882494
    Latitude
    35.194577

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    FAQs

    What type of property is this?
    Medical Office Space - Well-equipped medical building with leased spaces and modern amenities.
    Where is this medical office space located?
    The property is located at 2825 Westside Dr NW Cleveland, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Partially renovated medical building with two leased spaces, providing immediate rental income.; 5,252 sq. ft. of versatile space designed for optimal functionality and patient comfort.; Features **spacious waiting rooms**, **welcoming front desk areas**, and thoughtfully designed exam/treatment rooms.
    (217) 836-3666 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cristy Schuch
    Cristy Schuch
    Real Estate License ID: 351771
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