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Property profile & analytics
FOR SALE
Auto shops
1490 Spring Place Rd SE Cleveland, TN 37311
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-2261915
For Sale
1 / 6
$900,000
1490 Spring Place Rd SE, Cleveland, TN 37311
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Total area
2,700 SF
Lot
4.2 ac (182,952 SF)
Zoning code
CH
APN
057M D 003.00 000
UPID
US80-2261915
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
-
West Used Auto Parts & Salvage Auto Repair Shop Vehicle Inspection Center
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
Ray Cox · 3 yrs held
Ray Cox
since 2022
Last sale
$325,000
5 recorded transactions
Zoning & alternative use
CH · 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
$1,054
Tax year 2023
Assessed value
$73,240
Assessed 2023
Previous assessed
$73,240
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$45,640
Assessed improvement
$27,600
Land market value
$114,100
Improvement market value
$69,000
Total market value
$183,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1964
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
2,700 SF
Lot
4.2 ac (182,952 SF)
Zoning code
CH
APN
057M D 003.00 000
UPID
US80-2261915
Jurisdiction
BRADLEY
Zoning & alternative use
CH · Cleveland, TN
Zoning CH · permitted uses
CH · 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
1964
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
4.2 ac
Current owner
From public records · entity-resolved
Ray Cox
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 668, CHATTANOOGA, TN 37401-0668
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$325,000
Ray Cox
Joshua West
Warranty Deed
—
Jan 13, 2012
—
Joshua L West
—
Trustees Deed
related
$25,000 · First Volunteer Bank Tennessee
Apr 12, 2006
$176,000
Walter West
White,linda C O
Grant Deed
$211,524 · Benton Banking Co
Aug 17, 1995
$18,500
James Towers
Unknown
Grant Deed
—
—
—
West,walter
—
Deed Of Trust
related
$312,067 · First Volunteer Bk/tn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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