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Property profile & analytics
OFF-MARKET
Medical Office Space
137 25th NE St Cleveland, TN 37311
Individually Owned
19-yr Hold
Free & Clear
Property ID
US80-0954600
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
5,876 SF
Lot
0.32 ac (14,148 SF)
Zoning code
PI
APN
050A O 002.02 000
UPID
US80-0954600
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
-
Berman Lawrence M MD Physician Medical Clinic
-
Surgery Center of Cleveland: Mc Carley Kenneth MD Physician
-
Surgery Center of Cleveland Medical Clinic Hospital
-
Novamed Surgery Center of Cleveland Medical Clinic Hospital
-
ALBERT ANTHONY CLAIRMONT Physician
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
Novamed Surgery Center Of Clevela · 19 yrs held
Novamed Surgery Center Of Clevela
since 2006
7 recorded transactions
Zoning & alternative use
PI · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of s…
Zone name
Professional Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
377.85 ac
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
Assessed value
$293,160
Assessed 2023
Previous assessed
$293,160
+0.0% YoY
Assessed land
$100,200
Assessed improvement
$192,960
Land market value
$250,500
Improvement market value
$482,400
Total market value
$732,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
18
Bathrooms
3
Total area
5,876 SF
Lot
0.32 ac (14,148 SF)
Zoning code
PI
APN
050A O 002.02 000
UPID
US80-0954600
Jurisdiction
BRADLEY
Zoning & alternative use
PI · Cleveland, TNZoning PI · permitted uses
PI · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
Professional Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
377.85 ac
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
18
Bathrooms
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
Novamed Surgery Center Of Clevela
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2006
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 12, 2006
$800,000
Novamed Surgery Center Of Clevela
Surgery Center Of Cleveland LLC
Grant Deed
related
—
Nov 19, 1999
$300,000
Surgery Center Cleveland L
Sunrise,surgical
Grant Deed
related
—
Jun 28, 1997
$333,292
Sunrise Surgical Center
Unknown
Grant Deed
$15,000 · Union Planters National Bank
Jun 28, 1996
$333,292
Everett L Hixson
Unknown
Grant Deed
$15,000 · Union Planters National Bank
Jun 8, 1992
$333,292
Csc Acquisition Co
Unknown,
Grant Deed
—
May 7, 1992
$333,292
Csc Acquisition Co
Unknown
Grant Deed
—
Sep 3, 1991
$105,000
William J Freeman
Unknown,
Grant Deed
—
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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