Commercial Property on Corner
632 Inman Street E Cleveland, TN 37311
632 Inman Street E, Cleveland, TN, 37311
$499,900
For Sale
$499,900
COMMERCIAL - Cleveland, TN
Property Size2,536 SF
Lot Size0.82 Acres
Price / SF$197.12
Days on Market671
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 Agency
Epique Realty
(888) 893-3537
40 Burton Hills Blvd #200, Nashville, TN
Listed by
Toye Sowder · License #264789
(423) 313-8891
Added: Sep 17, 2024 Checked: Jul 19 at 3:06 am
MLS# 20241565
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.
This commercial property is located on a corner lot at the gateway into Cleveland, Tennessee, offering substantial exposure due to high traffic volume. Situated just off APD 40 and 64 Highway in Downtown Cleveland, the property features 291 feet of road frontage on Inman Street and 170 feet of road frontage on Dooley Street. The property includes a 5-bay garage and is zoned for multi-purpose use, allowing for retail commercial operations on the main level and multi-family residential living on the upper level. The listing encompasses two parcels, including a vacant lot to the right, identified as 057D K 012.01. The total lot size is 0.82 acres. The property size is 2536 square feet.
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 |
2,536 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$366.8K
$321.0K – $428.0K
NOI $25,677 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$342.4K
$299.6K – $399.4K
NOI $23,965 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$532.1K
$465.6K – $620.8K
NOI $37,249 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Corner lot commercial property with high traffic exposure in Cleveland.
Where is this mixed-use property located?
The property is located at 632 Inman Street E Cleveland, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 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).
