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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Office Spaces
109 Interstate NW Dr Cleveland, TN 37312-2642
Entity Owned
~
Est. High Equity
Property ID
US80-1404328
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Total area
6,730 SF
Lot
0.92 ac (40,001 SF)
Zoning code
CG
APN
041G D 005.00 000
UPID
US80-1404328
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
Current use
Occupant on record · Public records
-
Olive Branch Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.05M
Owner & transaction history
Mountain Family Properties Holdings
Mountain Family Properties Holdings
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CG · 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
Method
Estimation
Statistic approach
$690,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Current use
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.40M (Dec 22 2025)
Last sale anchor
$1.40M
Dec 22 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
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
$4,364
Tax year 2023
Assessed value
$303,240
Assessed 2023
Previous assessed
$303,240
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$119,200
Assessed improvement
$184,040
Land market value
$298,000
Improvement market value
$460,100
Total market value
$758,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
7
Bathrooms
3
Total area
6,730 SF
Lot
0.92 ac (40,001 SF)
Zoning code
CG
APN
041G D 005.00 000
UPID
US80-1404328
Jurisdiction
BRADLEY
Zoning & alternative use
CG · Cleveland, TN
Zoning CG · permitted uses
CG · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$990,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Mountain Family Properties Holdings
Entity
Mailing address
PO BOX 24, CLEVELAND, TN 37364-0024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$1,400,000
Mountain Family Properties Holdings
Next Life Investments
Warranty Deed
$1,014,897 · Pinnacle Bank
May 14, 2024
—
Next Life Investments
—
Deed
related
$1,235,000 · Funeral Directors Life Insurance Company
Jun 21, 2022
$775,000
Next Life Investments
Dale Richard Hughes
Warranty Deed
$935,000 · Andrew Johnson Bank
Aug 22, 2014
—
Hughes Living Trust
Hughes,dale R
Quit Claim Deed
related
—
Feb 24, 2011
—
Dale R Hughes
—
Trustees Deed
related
$749,754 · Branch Banking & Trust Co
Sep 28, 2007
—
Dale R Hughes
Hughes Properties
Quit Claim Deed
related
$600,000 · Branch Banking & Trust Co
Jul 15, 1994
$698,994
Diab R Shteiwi
Unknown
Grant Deed
—
Feb 16, 1991
$100,000
Carroll Properties Of
Unknown,
Grant Deed
—
—
—
Dale R Hughes
—
Deed Of Trust
related
$1,000,000 · Bank Of Cleveland
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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