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Property profile & analytics

1420 Fritz St Cleveland, TN 37323

  • Medical offices
  • 4,899 SF
  • 0.37 lot acres
For Sale
Last Sale
Mar 17, 2022
$475,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US80-1724970
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Dana Sweitzer, AGACNP-BC / Internist
  • Ocoee Regional Health Center: Heinl Richard W / Nursing Agency
  • Ocoee Regional Health Center / Doctor
  • Harrison Sims, MD / Doctor / Family Practice Physician
  • Dr. Aleksander I. Malakhov, MD / Doctor

Property Details for 1420 Fritz St

Year built
2004
Lot size
0.37 lot acres
Property size
4,899 SF
Zone code
CH
Property type
Medical offices
Property subtype
Medical centers
APN
065E F 016.04 000
APU
065EF01604000

Description

This exceptional 4,785 square foot medical office building presents a unique investment opportunity in the thriving Cleveland, TN market. Located at 1420 Fritz Street SE, the property sits on a 0.37-acre lot and offers a versatile layout ideal for a variety of medical practices. The main level boasts up to twelve exam rooms, a dedicated lab, a break room, an X-ray room, a spacious nurses' station, a substantial records area, a large waiting area, and five bathrooms. The building's functionality is further enhanced by additional provider office space located on the upper level, providing ample room for expansion or accommodating multiple practitioners. A comprehensive virtual tour is available for a thorough exploration of the property's features. The significant advantage of ownership, as opposed to leasing, offers long-term cost savings and control. This turnkey medical facility is ready for immediate occupancy. The potential for expansion is further enhanced by the possibility of acquiring an additional adjacent lot, subject to separate negotiation. This presents a rare opportunity to secure a well-established and highly functional medical office building in a desirable location. The asking price is $1,295,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $425,000
    ML approach
    $505,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $364,000
    Market price range: $223k - $481k
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $335,000
    Current use
    AUTO REPAIR, GARAGE
    $495,000
    Change: +48% Conversion: Difficult
    RETAIL STORES
    $445,000
    Change: +32% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $355,000
    Change: +6% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Bradley
State
Tennessee
Longitude
-84.8777
Latitude
35.13
CBSA code
17420
CBSA name
CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,880
$109,720
$159,840
$269,560
-
$274,300
$399,600
$673,900
More about this property
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