Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4503 Georgetown Road Northwest Cleveland, TN 37312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    Available outparcel adjacent to new Food City, opening Summer 2024.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 30 at 12:13 am

    Property Features for 4503 Georgetown Road Northwest

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Hunter Myers
    Hunter Myers

    Listing agent Hunter Myers License #GA #358780

    Listing office SVN | Second Story RE Management

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Second Story RE Management

    Overview

    Prime Outparcel Near New Food City

    A new outparcel is available for purchase, situated adjacent to a brand new Food City scheduled to open in late Summer 2024. The City and TDOT have approved a traffic signal at the main intersection, and its design is underway. Upon completion, the section of road servicing the outparcel will become public. Storm water detention quantity is managed by the regional detention basin located to the South, below the elementary school. The developer of the outparcel will be responsible for providing storm water quality measures. Food City has acquired all the land between Candies Creek Elementary School and Dollar General and is currently constructing their new store, with an opening date set for July 1, 2024. The section of Georgetown Road is planned to be four-laned, with completion expected by August 2024. It is estimated that over 30,000 vehicles per day will travel on this stretch of Georgetown Road after the road work is completed. This 2-acre property is ideally suited for a quick-service restaurant (QSR), car wash, or other retail use. The area around the property at 4503 Georgetown Road Northwest in Cleveland, TN, offers a mix of business and leisure amenities, including access to the Cleveland Bradley County Public Library and the Bradley Square Mall. The location also benefits from the presence of Lee University, contributing to a potential talent pool.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.9174
    Latitude
    35.2638

    Nearby Similar for Sale

    • $1,125,000
      4,190 SF

      Established Car Wash & Lube Center

      Full-service car wash and lube center in Cleveland, Tennessee.
      917 Keith Street NW, Cleveland, TN 37311
      View Details
    • $895,000

      Commercial Lot with Highway Frontage

      High-visibility commercial lot in Cleveland, TN, with highway frontage.
      5455 N Lee Highway, Cleveland, TN 37312
      View Details
    • $895,000

      Highway Frontage Commercial Lot

      Build-ready commercial lot in Cleveland with highway frontage.
      5455 N Lee Highway, Cleveland, TN 37312
      View Details
    • $625,000
      2,680 SF

      Prime Cleveland Commercial Opportunity

      Commercial space in high-traffic Cleveland location with recent upgrades.
      2906 N Ocoee Street, Cleveland, TN 37312
      View Details
    • $875,000
      10,021 SF

      Multi-Building Church Campus For Sale

      Multi-building church campus on 4.2 acres in Cleveland, Tennessee.
      211 Trewhitt Drive SE, Cleveland, TN 37323
      View Details
    • $385,000
      2,724 SF

      Cleveland Church Building For Sale

      Tenant-occupied church with multifamily zoning and redevelopment potential.
      850 Elrod Street SE, Cleveland, TN 37311
      View Details
    • $375,000
      2,714 SF

      Mixed-Use Property with Income Potential

      Commercial space with residential unit, ideal for owner-operators.
      270 Central Avenue NW, Cleveland, TN 37311
      View Details
    • $294,000
      1,200 SF

      Downtown Cleveland Commercial Building

      Prime commercial building in revitalizing downtown Cleveland, Tennessee.
      463 Central Avenue NW, Cleveland, TN 37311
      View Details
    • $950,000
      5,584 SF

      Keith Street Commercial Property

      Income-producing commercial property with 11 units in central Cleveland.
      2700 Keith Street NW, Cleveland, TN 37312
      View Details
    • $1,700,000
      1,696 SF

      Commercial Property Near I-75

      Commercial property with multiple buildings and ample parking near I-75.
      2408 Guthrie Avenue NW, Cleveland, TN 37311
      View Details
    • $990,900
      9,000 SF

      Prime Commercial Development Opportunity

      1.57 acres with mini storage units in Cleveland, Tennessee.
      191 Bernham Drive NW, Cleveland, TN 37312
      View Details
    • $695,000
      4,508 SF

      Established Restaurant with Apartment

      Successful restaurant with updated apartment for extra income.
      1803 Apd 40, Cleveland, TN 37323
      View Details

    FAQs

    What type of property is this?
    Commercial land - Available outparcel adjacent to new Food City, opening Summer 2024.
    Where is this commercial land located?
    The property is located at 4503 Georgetown Road Northwest Cleveland, TN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Adjacent to a brand new Food City opening Summer 2024.; Signal at the main intersection approved by City/TDOT and is being designed.; Estimated 30,000+ vehicles per day (VPD) after Georgetown Road is 4‑laned by August 2024.
    (678) 787-5019
    We can help!
    Listing Contact
    Hunter Myers
    Hunter Myers
    Real Estate License ID: GA #358780
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!