97,005 SF Retail
808 25th Street Northwest Cleveland, TN 37311
808 25th Street Northwest, Cleveland, TN, 37311
Contact for pricing
For Sale
Contact for pricing
Retail center for sale in Cleveland, TN.
Property Size97,005 SF
Price / SF$121.64
Days on Market68
Property Features for 808 25th Street Northwest
General Information
- Standard status
- Active
- Size
- 97,005 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1969
Listing Agency
Marcus & Millichap - Atlanta
Listed by
Zachary Taylor · License #GA 266327
Source
Crexi
Added: May 12 Checked: Jul 17 at 2:19 am
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 97,005 square-foot retail center located in Cleveland, Tennessee. The property is currently listed for sale.
Key Highlights
- 97,005 SF Retail Center
- Located in Cleveland, TN
- Price: $11.8M
Local Financial Insights For Retail
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 | $1.46M | $15.00 |
| − Vacancy | −$145.5k | −$1.50 |
| EGI | $1.31M | $13.50 |
| − OpEx | −$392.9k | −$4.05 |
| NOI | $916.7k | $9.45 |
97,005 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$13.10M
$11.46M – $15.28M
NOI $916,697 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.35M
$17.81M – $23.75M
NOI $1,424,809 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
Speedy Cash
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Retail center for sale in Cleveland, TN.
Where is this shopping center located?
The property is located at 808 25th Street Northwest Cleveland, TN.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: 97,005 SF Retail Center; Located in Cleveland, TN; Price: $11.8M
