Commercial Property on Corner
For Sale
$499,900
632 Inman Street E, Cleveland, TN 37311
Commercial property with high exposure and multiple uses.
Property Size2,536 SF
Lot Size0.82 Acres
Price / SF$197.12
Days on Market217
Property Features for 632 Inman Street E
General Information
Standard status
Active
Size
2,536 SF
Lot size
0.82 Acres
Building Details
Year Built
1977
Listing Agency:
Epique Realty
Listed By:
Toye Sowder · License #264789
(423) 614-7656
Source:
Weathersbeerealty
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 7 at 1:00PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This commercial property is located on a corner lot at the gateway into Cleveland, Tennessee, just off APD 40 and 64 Hwy in Downtown Cleveland. The property has 291 feet of road frontage on Inman Street and 170 feet of road frontage on Dooley Street. It features a 5-bay garage, ample storage room, and one area plumbed for a full bathroom. The office space includes a large front room, two smaller offices, and one bathroom. The property was last used as a car lot and is located within the Inman East Corridor Plan. The listing includes two parcels, with the adjoining vacant lot to the right also included (057D K 012.01). The property size is close to 0.82 acres. The property has a large traffic count and is suitable for a car lot.
Key Highlights
- High‑traffic corner lot location at the gateway to Cleveland, ideal for commercial use.
- Includes two parcels: a commercial property with a 5‑bay garage and an adjoining vacant lot.
- Significant road frontage: 291 ft on Inman St and 170 ft on Dooley St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,965
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,300
$479.3K
Cap Rate 7%
$342,357
$342.4K
Cap Rate 9%
$266,278
$266.3K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$38.0K $15.00/SF
− Vacancy
−$3.8K −$1.50/SF
EGI
$34.2K $13.50/SF
− OpEx
−$10.3K −$4.05/SF
NOI
$24.0K $9.45/SF
Area
Bradley County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,300
Cap Rate 7%
$342,357
Cap Rate 9%
$266,278
Alternative Uses
Best Use
Retail
$342.4K
$299.6K – $399.4K
NOI $23,965 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$191.5K
$167.6K – $223.4K
NOI $13,404 @ 7.0% cap · market cap 2.68%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
3,816 visits/mo
0.0 miles
Demographics for 37311, TN
29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Cleveland Collision Center — 2091 Waterlevel Hwy, Cleveland, TN 37311
- U-Haul Neighborhood Dealer — 540 Inman St W, Cleveland, TN 37311
- Mullinax Lincoln Automotive Service — 550 1st st nw, cleveland, tn 37311
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Commercial property with high exposure and multiple uses.
Where is this parking lot & garage 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, ideal for commercial use.; Includes two parcels: a commercial property with a 5‑bay garage and an adjoining vacant lot.; Significant road frontage: **291 ft on Inman St and 170 ft on Dooley St.**
