Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spring Place Rd Cleveland, TN 37323

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Spring Place Rd Cleveland, TN 37323

    View on Map
    • Commercial real estate
    • 3.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Spring Place Rd

    Lot size
    3.30 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.3-acre commercial lot presents a remarkable investment opportunity in Cleveland, Tennessee. Strategically positioned at the high-traffic intersection of State Route 74 (Spring Place Road) and State Route 313 (Ladd Springs Road), this property boasts unparalleled visibility and accessibility. Zoned C2, it offers a wide range of development possibilities, including retail, office, or mixed-use projects. The property has already undergone a percolation test, and the results are available upon request. Furthermore, existing surveys and site plans are readily accessible, significantly expediting the development process. This streamlined approach minimizes pre-development hurdles, allowing for a quicker path to construction and return on investment. Located in the desirable Southeast Bradley County area, this lot represents a rare chance to acquire a prime commercial parcel in a thriving market. Its high visibility and convenient location make it an ideal site for businesses seeking maximum exposure and easy access for customers. The availability of pre-existing site plans and a completed perc test significantly reduces the time and cost associated with initial development phases. Don't miss this exceptional opportunity to secure a highly desirable commercial property in a rapidly growing area. The property is priced at $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley County, TN
    State
    Tennessee
    Longitude
    -84.8307
    Latitude
    35.113

    Comparable in this City

    • Value Estimation by Request
      3.30 Acres

      Spring Place Rd

      Commercial real estate • 3.30 Acres
      Spring Place Rd, Cleveland, TN 37323
      View Details
    • Value Estimation by Request
      0.50 Acres

      712 Goodwill SE Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      712 Goodwill SE Rd, Cleveland, TN 37323-8436
      View Details
    • Value Estimation by Request
      0.50 Acres

      734 Goodwill SE Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      734 Goodwill SE Rd, Cleveland, TN 37323-8436
      View Details
    • Value Estimation by Request
      0.50 Acres

      2360 Keith Vly SE Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      2360 Keith Vly SE Rd, Cleveland, TN 37323-7809
      View Details
    • Value Estimation by Request
      1.00 Acre

      501 Mcclanahan SE Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      501 Mcclanahan SE Rd, Cleveland, TN 37323-8075
      View Details
    • Value Estimation by Request
      10.87 Acres

      3959 Michigan Ave NE Rd

      COMMERCIAL (GENERAL) • 10.87 Acres
      3959 Michigan Ave NE Rd, Cleveland, TN 37323-5996
      View Details

    Similar Nearby for Sale

    • $2,380,000
      10,076 SF

      Commercial Buildings on Major Highway

      Two commercial buildings with excellent parking and storage.
      1811-1823 Apd 40, Cleveland, TN 37323
      View Details
    • $70,000
      1.47 Acres

      Residential Land in Cleveland, TN

      Private land ready for your dream home.
      Fire Tower Rd, Cleveland, TN 37323
      View Details
    • $230,000
      3.30 Acres

      3.3 Acre Commercial Lot

      Strategically located 3.3 acre commercial lot in Cleveland, TN.
      Spring Place Rd SE, Cleveland, TN 37323
      View Details
    • $84,900
      0.52 Acres

      Rare View Lot in Cleveland

      Exceptional view lot for new home construction near downtown Cleveland.
      Timber Top Xing, Cleveland, TN 37323
      View Details
    • $400,000
      Pending

      7.7 Acres on Waterlevel Highway

      7.7 acres of land near downtown Cleveland, Tennessee.
      7.7 Acres Waterlevel Hwy E, Cleveland, TN 37323
      View Details
    • $39,900
      0.32 Acres

      Residential Lot in Cleveland, TN

      Residential lot ready for construction in a convenient location.
      Hillview Dr NE, Cleveland, TN 37323
      View Details
    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.
    Spring Place Rd
    Cleveland, TN 37323
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!