Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Partially Renovated Medical Building Title is generated by Realmo AI

    2825 Westside Dr NW, Cleveland, TN 37312

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Well-equipped medical building with leased spaces and modern amenities.

    Type:Office
    Property size:
    5,252 SF
    Price / SF:
    $228/SF
    Added:
    Oct 21, 2024
    Days on Market:
    603
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 2825 Westside Dr NW

    General Information

    Standard status
    Active
    Size
    5,252 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Cristy Schuch
    Cristy Schuch

    Listing agent Cristy Schuch License #351771

    Listing office Bridge Real Estate Group

    Listing date Oct 21, 2024

    Source Crexi

    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 Bridge Real Estate Group

    HighLights

    • Partially renovated medical building with two leased spaces, providing immediate rental income.
    • 5,252 sq. ft. of versatile space designed for optimal functionality and patient comfort.
    • Features spacious waiting rooms, welcoming front desk areas, and thoughtfully designed exam/treatment rooms.
    • Recent updates include modern paint, flooring, and upgraded bathrooms.
    • Includes ample office space and generous storage areas.
    • Convenient location with plenty of parking for patients and staff.

    Overview

    This partially renovated medical building offers an excellent investment opportunity. The 5,252 sq. ft. building features two leased spaces well-equipped for medical practices. Designed for functionality and patient comfort, the facility includes spacious waiting rooms, welcoming front desk areas, and thoughtfully designed exam and treatment rooms that cater to diverse medical practices. The interior has been recently updated with modern paint and flooring, creating a fresh and inviting atmosphere. The bathrooms have also been upgraded with contemporary fixtures. In addition to ample office space for administrative needs, the building includes generous storage areas, allowing for efficient organization and easy access to essential supplies. The property offers plenty of parking, making it accessible for patients and staff. The property is located in Cleveland, TN.

    Local Financial Insights For Healthcare Medical

    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 $113.4k $21.60
    − Vacancy −$11.3k −$2.16
    EGI $102.1k $19.44
    − OpEx −$40.8k −$7.78
    NOI $61.3k $11.66
    5,252 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $875.1K
    $765.7K – $1.02M (±1% cap)
    NOI $61,259 @ 7.0% cap · market cap 5.10%
    Second Best
    Office B
    $830.6K
    $726.8K – $969.0K (±1% cap)
    NOI $58,140 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Office A
    $1.10M
    $964.3K – $1.29M (±1% cap)
    NOI $77,141 @ 7.0% cap · market cap 6.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Terpstra Greg MD Pediatrician Cleveland Family practice ... Medical Clinic Rahbe Samir MD Physician Angela Marie Coates Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Animal Medical Center — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Taylor Animal Hospital — 2840 Keith St NW, Cleveland, TN 37312
    • Connelly Shelia DVM — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Moore Bill DVM — 3350 Henderson Ave NW, Cleveland, TN 37312
    • Dr. John Owens, DVM — 2840 Keith St NW, Cleveland, TN 37312

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.882494
    Latitude
    35.194577

    Nearby Similar for Sale

    • $1,700,000
      288 SF

      Steel-Frame Industrial Workshop Complex

      Multi-building industrial setup with loading docks, secure storage, and front office—ideal for an owner-operator repair or service business.
      2408 Guthrie Avenue NW, Cleveland, TN 37311
      View Details
    • $948,000
      4,190 SF

      Cleveland Car Wash & Lube

      Established car wash and lube center in Cleveland, Tennessee.
      917 Keith Street NW, Cleveland, TN 37311
      View Details
    • $294,000
      1,200 SF

      Downtown Cleveland Commercial Building

      Prime commercial building in revitalizing downtown Cleveland, Tennessee.
      463 Central Avenue NW, Cleveland, TN 37311
      View Details
    • $7,999,900
      61,954 SF

      92-Unit Apartment Community in Cleveland

      Well-maintained apartment complex with recent improvements in a prime location.
      3700/04/22 Stephens Road NE, Cleveland, TN 37312
      View Details
    • $1,500,000
      774 SF

      Commercial Property on South Lee

      High-visibility commercial property on South Lee Highway in Cleveland, TN.
      1212 S Lee Highway, Cleveland, TN 37311
      View Details
    • $1,395,000
      2,915 SF

      Prime Commercial Property For Sale

      High-visibility commercial property ideal for restaurant or retail in Cleveland.
      2487 Keith Street NW, Cleveland, TN 37311
      View Details
    • $949,000
      2,700 SF

      Commercial Property on Spring Place Road

      4.2-acre commercial property with 2,700 sq ft building.
      1490 Spring Place Road SE, Cleveland, TN 37311
      View Details
    • $525,000
      6,636 SF

      Cleveland Commercial Property with Warehouse

      Versatile commercial space with warehouse, garage bays, and offices.
      635 Central Avenue NE, Cleveland, TN 37311
      View Details
    • $375,000
      2,714 SF

      Mixed-Use Property with Income Potential

      Commercial space with residential unit, ideal for owner-operators.
      270 Central Avenue NW, Cleveland, TN 37311
      View Details
    • $409,000
      2,040 SF

      One-Level Duplex with Attached Garages

      Newly built duplex units each include two bedrooms, two full baths, and an attached one-car garage with true one-level entry.
      1622/1624 21st Street SE, Cleveland, TN 37311
      View Details
    • $1,500,000
      384 SF

      Corner Lot Investment Opportunity

      High-traffic corner lot with income potential in Cleveland, TN.
      402 Inman Street W, Cleveland, TN 37311
      View Details
    • $329,000
      2,288 SF

      Renovated Quadplex Investment Opportunity

      Fully renovated quadplex with four units, ideal for investors.
      650 Railroad Street NE, Cleveland, TN 37311
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-equipped medical building with leased spaces and modern amenities.
    Where is this medical office space located?
    The property is located at 2825 Westside Dr NW Cleveland, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Partially renovated medical building with two leased spaces, providing immediate rental income.; 5,252 sq. ft. of versatile space designed for optimal functionality and patient comfort.; Features **spacious waiting rooms**, **welcoming front desk areas**, and thoughtfully designed exam/treatment rooms.
    (217) 836-3666 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cristy Schuch
    Cristy Schuch
    Real Estate License ID: 351771
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2825 Westside Dr NW, Cleveland, TN 37312
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!