632 Inman Street E Cleveland, TN 37311
COMMERCIAL - Cleveland, TN
- Added:
- Sep 17, 2024
- Days on Market:
- 663
- Last Refresh:
- Jul 11 at 9:06 am
Property Features for 632 Inman Street E
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 057d K 01200 000
- Size
- 2,536 SF
- Lot size
- 0.82 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2476
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1977
- Flooring type
- Carpet
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing agent Toye Sowder License #264789 (423) 313-8891
Listing office Epique Realty 40 Burton Hills Blvd #200, Nashville, TN (888) 893-3537
Listing date Sep 17, 2024
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic corner lot location at the gateway to Cleveland, offering exceptional exposure.
- Zoned for multi‑purpose use: retail commercial on the main level and multi‑family residential on the upper level.
- Includes two parcels: the main property and an adjacent vacant lot (057D K 012.01).
Local Financial Insights For Mixed Use
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 | $45.6k | $18.00 |
| − Vacancy | −$4.6k | −$1.80 |
| EGI | $41.1k | $16.20 |
| − OpEx | −$15.4k | −$6.07 |
| NOI | $25.7k | $10.13 |
