Partially Renovated Medical
For Sale
Contact for pricing
2825 Westside Dr NW, Cleveland, TN 37312
Well-equipped medical building with leased spaces and modern amenities.
Property Size5,252 SF
Price / SF$228.48
Days on Market648
Property Features for 2825 Westside Dr NW
General Information
Standard status
Active
Size
5,252 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
Bridge Real Estate Group
(423) 650-6856
Listed By:
Cristy Schuch · License #351771
Source:
Crexi
Added: Oct 21, 2024
Changed: Jul 6
Last Checked: Jul 30 at 12:44PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $61,259 @ 7.0% cap · market cap 5.10%
Second Best
Office B
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.10M
$964.3K – $1.29M
NOI $77,141 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Taylor Animal Hospital — 2840 Keith St NW, Cleveland, TN 37312
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- Dr. John Owens, DVM — 2840 Keith St NW, Cleveland, TN 37312
Frequently Asked Questions
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.
