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Property profile & analytics
OFF-MARKET
Warehouses
1021 Old Bates NE Pike Cleveland, TN 37311-6393
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0868310
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
13,550 SF
Lot
0.67 ac (29,353 SF)
Zoning code
C1
APN
058A R 012.00 000
UPID
US80-0868310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bullee Holdings LLC · 2 yrs held
Bullee Holdings LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
C1 · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,566
Tax year 2023
Assessed value
$88,120
Assessed 2023
Previous assessed
$88,120
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$4,960
Assessed improvement
$83,160
Land market value
$12,400
Improvement market value
$207,900
Total market value
$220,300
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
13,550 SF
Lot
0.67 ac (29,353 SF)
Zoning code
C1
APN
058A R 012.00 000
UPID
US80-0868310
Jurisdiction
BRADLEY
Zoning & alternative use
C1 · Cleveland, TN
Zoning C1 · permitted uses
C1 · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Bullee Holdings LLC
Entity
Mailing address
2557 GEORGETOWN RD NW, CLEVELAND, TN 37311-3534
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Bullee Holdings LLC
—
Deed
related
$637,000 · United Community Bank
Sep 1, 2023
$450,000
Bullee Holdings LLC
David M Pendergrass
Warranty Deed
$382,500 · Andrew Johnson Bank
Dec 16, 2015
$265,000
David M Pendergrass
Eric C Steiner
Warranty Deed
$212,000 · Andrew Johnson Bank
Dec 16, 2015
$108,642
Eric C Steiner
Ct Properties
Warranty Deed
—
Sep 24, 2015
$92,642
Ct Properties
Steiner,eric C
Warranty Deed
—
May 31, 1991
$110,000
Ronald E Parker
Unknown
Grant Deed
—
—
—
Eric C Steiner
—
Deed Of Trust
related
$109,589 · Regions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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