Financial
Distress signals
Property profile

191 Bernham Dr Northwest Cleveland, TN 37312

FOR LEASE
Other commercial real estate
Property ID
US80-1237919
2,800 SF 0.69 ac lot Built 2001
Last sale Jun 2025 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of two contiguous parcels totaling 1.57 acres, with a combined 342 feet of frontage along Adkison Drive. One parcel contains 46 mini storage units in an approximately 9,000-square-foot facility, while the other parcel is cleared, level, and vacant and is suited for development. The site is located at a corner near Cleveland State Community College, approximately 0.01 miles from Paul Huff Parkway, and provides access to Interstate 75 and nearby retail destinations. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$159k
Assessed land$138k
Assessed improvement$20k

Value estimate

· Sep 2026
$660k
$594k – $726k
AI approach$675k
CAP approach$435k
Submarket $/SF estimate$657k
NOI build-up
Gross scheduled income$264k
Vacancy & credit loss−$19k
Operating expenses−$86k
NOI · 1,598,800.00% cap applied$160k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$147/SF
ZIP average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$78 – $236
Qualifying comparables10

Cap rate analysis

How does the asset earn?
1,598,800.00%
$160k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right i...
General categoryCOMMERCIAL
JurisdictionBRADLEY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.6
Realty agency18.3
Wholesale Shop16.5

Location

191 Bernham Dr Northwest Cleveland, TN 37312
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Old Charleston NW, Cleveland, TN 37312 $3,500,000 Jan 2026 6,000 SF
4596 Lee, Cleveland, TN 37312-4000 $1,350,000 Mar 2024 5,560 SF
725 Freewill NW, Cleveland, TN 37312-2410 $600,000 May 2022 4,000 SF
405 Airport NW, Cleveland, TN 37312-4220 $110,000 May 2022 5,100 SF
4815 Lee, Cleveland, TN 37312-4156 $1,064,000 Jan 2022 1,455 SF
837 Callen NW, Cleveland, TN 37312-6963 $850,000 May 2021 1,596 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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