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Property profile & analytics
OFF-MARKET
Manufacturing properties
1501 Old Chattanooga SW Pike Cleveland, TN 37311-8532
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2415224
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Total area
2,781 SF
Lot
0.5 ac (21,780 SF)
Zoning code
FAR
APN
072 021.00 000
UPID
US80-2415224
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
Elijah Hudson · 3 yrs held
Elijah Hudson
since 2022
Last sale
$28,500
5 recorded transactions
Zoning & alternative use
FAR · 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
$250
Tax year 2023
Assessed value
$14,040
Assessed 2023
Previous assessed
$14,040
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$6,840
Assessed improvement
$7,200
Land market value
$17,100
Improvement market value
$18,000
Total market value
$35,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
2,781 SF
Lot
0.5 ac (21,780 SF)
Zoning code
FAR
APN
072 021.00 000
UPID
US80-2415224
Jurisdiction
BRADLEY
Zoning & alternative use
FAR · Cleveland, TNZoning FAR · permitted uses
FAR · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
0.5 ac
Current owner
From public records · entity-resolved
Elijah Hudson
Individual
Mailing address
1701 FRST RDG CIR SW #8, CLEVELAND, TN 37311-7378
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
Aug 9, 2022
$28,500
Elijah Hudson
Kathy Crump Kilgore
Warranty Deed
$23,500 · Kathy Crump Kilgore
Feb 18, 2005
$18,872
John W Kilgore II
Bank Of Cleveland
Grant Deed
$106,629 · Bank Of Cleveland
Jan 13, 2005
—
Bank Of Cleveland
Clemons,robert
Trustees Deed
—
Feb 12, 2003
$21,500
R Clemons
Kilgore,j
Grant Deed
—
Jan 16, 1990
$4,500
Kathy Crump
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.
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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