97,005 SF Retail
For Sale
$11,540,000
808 25th St NW, Cleveland, TN 37311
Retail center for sale in Cleveland, TN.
Property Size97,005 SF
Price / SF$118.96
Days on Market150
Property Features for 808 25th St NW
General Information
Standard status
Active
Size
97,005 SF
Property subtype
Shopping Strip
Amenities
CLEVELAND CORNERS | CLEVELAND, TN (CHATTANOOGA MSA)
VETERAN TENANT MIX | PROVEN OPERATORS
MARKET RENTS
SIGNALIZED HIGH-TRAFFIC CORNER | 40K+ COMBINED VPD
CLEVELAND MARKET | BROADER CHATTANOOGA MSA | 11M + ANNUAL TOURISM IMPACT
Building Details
Building Size
97,005 SF
Year Built
1969
Listed By:
Zach Taylor · License #License(s): GA: 266327
(678) 808-2780
Source:
Marcusmillichap
Added: May 14
Changed: Oct 5
Last Checked: Oct 9 at 4:21PM
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 Zach Taylor
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$916,697
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,333,940
$18.3M
Cap Rate 7%
$13,095,671
$13.1M
Cap Rate 9%
$10,185,522
$10.2M
Market Conditions
NOI Build-Up for 97,005 SF
Gross rent
$1.46M $15.00/SF
− Vacancy
−$145.5K −$1.50/SF
EGI
$1.31M $13.50/SF
− OpEx
−$392.9K −$4.05/SF
NOI
$916.7K $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%
$18,333,940
Cap Rate 7%
$13,095,671
Cap Rate 9%
$10,185,522
Alternative Uses
Best Use
Retail
$13.10M
$11.46M – $15.28M
NOI $916,697 @ 7.0% cap · market cap 7.94%
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 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
242k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 26%
Home Improvements & Furnishings 10%
Superstores 8%
Tractor Supply Co.
Home Improvements & Furnishings
25,321 visits/mo
0.3 miles
Speedway
Shops & Services
22,516 visits/mo
0.5 miles
Cook Out
Dining
20,121 visits/mo
0.1 miles
Big Lots
Superstores
19,320 visits/mo
0.1 miles
Taco Bell
Dining
17,763 visits/mo
0.1 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Days Inn — 2550 georgetown rd nw, cleveland, tn 37311
Frequently Asked Questions
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 St NW Cleveland, TN.
What is the asking price?
The asking price for this property is $11,540,000.
What are key features of this property?
This property features: 97,005 SF Retail Center; Located in Cleveland, TN; Price: $11.8M
