Leased Office Unit
For Sale
$2,229,900
4160 Ocoee Street N, Cleveland, TN 37312
Seven office condominium units are currently leased within a 2005 commercial complex.
Property Size10,770 SF
Price / SF$207.05
Days on Market55
Property Features for 4160 Ocoee Street N
General Information
Standard status
Active
Size
10,770 SF
Class
Class A
Additional Details
Office Units
7
Building Details
Year Built
2005
Listing Agency:
Crye-Leike - Cleveland
Listed By:
Max Phillips · License #203547
(423) 596-7173
Source:
Weathersbeerealty
Added: Aug 24
Changed: Sep 15
Last Checked: Oct 7 at 4:36PM
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 Crye-Leike - Cleveland
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Investment Insights
Based on property information with market context.
This office condominium complex includes seven individual units that are currently leased. The property was constructed in 2005 and is offered as a single commercial asset in Cleveland, Tennessee.
The property is located at 4160 Ocoee Street, N, providing a defined office-unit configuration for an owner seeking leased commercial space.
The property is located at 4160 Ocoee Street, N, providing a defined office-unit configuration for an owner seeking leased commercial space.
Key Highlights
- Seven office condominium units included
- All units are currently leased
- Constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,224
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,480
$2.4M
Cap Rate 7%
$1,703,200
$1.7M
Cap Rate 9%
$1,324,711
$1.3M
Market Conditions
NOI Build-Up for 10,770 SF
Gross rent
$193.9K $18.00/SF
− Vacancy
−$34.9K −$3.24/SF
EGI
$159.0K $14.76/SF
− OpEx
−$39.7K −$3.69/SF
NOI
$119.2K $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%
$2,384,480
Cap Rate 7%
$1,703,200
Cap Rate 9%
$1,324,711
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,224 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,190 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Seven office condominium units are currently leased within a 2005 commercial complex.
Where is this office units located?
The property is located at 4160 Ocoee Street N Cleveland, TN.
What is the asking price?
The asking price for this property is $2,229,900.
What are key features of this property?
This property features: Seven office condominium units included; All units are currently leased; Constructed in 2005
