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    285 Head Drive Cleveland, AL 35049

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    For Sale
    $475,000

    Commercial building with laundromat and restaurant/business potential in Cleveland, AL.

    Type:Commercial/Industrial
    Property size:
    12,177 SF
    Added:
    Jan 28, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 7 at 9:13 pm

    Property Features for 285 Head Drive

    General Information

    Standard status
    Active
    Size
    12,177 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Ann Thomas

    Listing agent Ann Thomas License #102096

    Listing office Keller Williams Metro North

    Listing date Jan 28, 2026

    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 Keller Williams Metro North

    Overview

    Cleveland Commercial Property For Sale

    This commercial property in Cleveland, Alabama, features a building with two distinct sections under one roof. One section houses Jerry's LaundroMat, a 24/7 self-service laundry business with approximately 2500 square feet. The laundromat is equipped with newer machines (approximately 4 years old), a snack vending machine, a laundry supply vending machine, and ample workspace for folding. The space is well-lit and cleaned daily. The other section, formerly Por Boy Out Doors, offers approximately 5567 square feet and could be suitable for a restaurant or other business venture. It includes a fenced area at the front and a storage room at the back and side, along with a side roll-up door. Currently used for storage, the seller will clear the space before closing. The property has a 3-phase electrical system with one meter box. Average utility costs are: Water/Sewer $350 to $450, Power $400 to $600, Natural Gas $150-$300. The laundromat averages a weekly profit of $1050.
    Location Intelligence

    Current Use by Public Records

    Jerry's Laundromat (Bike/Boat/Book/etc) Store Porboy Outdoors (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Blount
    State
    Alabama
    Longitude
    -86.582989
    Latitude
    33.988817

    Nearby Similar for Sale

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      Retail Opportunity in Cleveland, Alabama

      Retail building with laundromat and potential restaurant space for sale.
      285 HEAD DRIVE, CLEVELAND, AL 35049
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      Warehouse with Apartment For Sale

      17,000 sqft warehouse with apartment in Cleveland, Alabama.
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    • $140,000
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      Income Property on Highway 79

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    FAQs

    What type of property is this?
    Retail space - Commercial building with laundromat and restaurant/business potential in Cleveland, AL.
    Where is this retail space located?
    The property is located at 285 Head Drive Cleveland, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Established laundromat business with newer equipment (approximately 4 years old) and 24/7 operation.; Second unit (former Por Boy Out Doors) offers versatile space for restaurant or other business ventures (approximately 5567 sq ft).; Laundromat generates an average weekly profit of $1050.
    (205) 401-6611
    We can help!
    Listing Contact
    Ann Thomas
    Real Estate License ID: 102096
    Learn More
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    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
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