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Financial
Distress signals
Property profile

161 Bates St NE Cleveland, TN 37311

FOR SALE
Manufacturing properties
Property ID
US80-0821118
21,630 SF 0.65 ac lot Built 1950
Last sale Jan 2023
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
161 Bates St NE, Cleveland, TN 37311 For Sale
Contact for pricing 21,630 SF
161 Bates St NE, Cleveland, TN 37311
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Property summary

AI-generated overview

The property is a flex-space facility built in 1950, offering approximately 25,000 square feet of combined warehouse, manufacturing, and office area within a fully fenced site with secure perimeter fencing. The building includes multiple loading docks, a loading ramp, dedicated office areas, and adaptable floor plans suitable for warehouse activity alongside administrative functions. A Class clean room is included to support specialized manufacturing, assembly, packaging, laboratory, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$228k
Assessed land$44k
Assessed improvement$183k

Value estimate

· Oct 2026
$955k
$860k – $1.05M
Submarket $/SF estimate$960k
NOI build-up
Gross scheduled income$194k
Vacancy & credit loss−$5k
Operating expenses−$28k
NOI · 6.42% cap applied$160k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$48/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$20 – $67

Cap rate analysis

How does the asset earn?
6.42%
$160k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IH
The intent of the heavy industrial district is to provide areas for intensive industrial activities, such as large-scale manufacturing, p...
General categoryINDUSTRIAL
JurisdictionBRADLEY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.6
Dental Office20.9
Wholesale Shop17.7

Location

161 Bates St NE Cleveland, TN 37311
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Goldstar SW, Cleveland, TN 37311-8214 $1,775,000 Feb 2025 24,500 SF
138 Easterly SW, Cleveland, TN 37311-0801 $330,000 Nov 2024 14,622 SF
1505 25th NW, Cleveland, TN 37311-3610 $2,200,000 Mar 2024 17,752 SF
1815 Blythe SE, Cleveland, TN 37311-3052 $935,000 Nov 2023 22,089 SF
1807 Westland SW, Cleveland, TN 37311-8165 $450,000 May 2021 14,726 SF
162 Corporate SW, Cleveland, TN 37311-8083 $104,625 Jan 2020 20,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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