Technical
Financial
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Property profile

6878 Lee Hwy Cleveland, TN 37312

OFF-MARKET
Day care centers
3 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional 3-acre commercial property in Cleveland, Tennessee, boasts a 4,000 square foot building, perfect for diverse uses. Situated on North Lee Highway, between Paul Huff Parkway and Charleston, it enjoys high visibility and accessibility with 650 feet of road frontage and three points of ingress/egress. The building, constructed in 1974 and renovated in 2012, offers flexible space; it can function as a single unit or be divided into three separate units, each with its own exterior entrance and restroom. A roll-up door adds further versatility. The level, cleared, gravel lot provides ample space for additional uses. Currently operating as a portable building and carport sales yard, the property's C2 zoning allows for a variety of businesses, including convenience stores, daycare centers, retail spaces, offices, or even a church. Its location near major employers like Amazon, Wacker, and Budweiser, as well as I-75, makes it highly attractive. The property includes existing septic. Road widening projects are underway, further enhancing visibility and accessibility. Parcel ID/Tax ID is 028B F 023.00. The asking price is $650,000. While the current tax records and Google Earth imagery may be outdated, accurate information is available upon request.

Property profile

Verified
Property type Day care centers
Year built 1974
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Production Facility Construction Company

Location

6878 Lee Hwy Cleveland, TN 37312
Cleveland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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