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    1745 Westside Dr NW Cleveland, TN 37311
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    1745 Westside Dr NW Cleveland, TN 37311

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    • Quadplexes
    For Sale
    $325,000
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    Cleveland Multifamily Investment Opportunity For Sale
    $325,000

    Cleveland Multifamily Investment Opportunity

    Four-unit property on 1.7 acres near I-75.

    1745 Westside Dr NW, Cleveland, TN 37311
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    Property ID
    US80-1444351
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quadplexes

    Property Details for 1745 Westside Dr NW

    Property type
    Quadplexes
    Property subtype
    Commercial land

    Description

    *LISTING UPDATE Property address 1741 and empty parcel in front of address has been SOLD (lots 4 & 5 per OM). Remaining lot/units 1-3 per OM are available. $325,000 Welcome to 1745 Westside Drive, an exceptional investment opportunity in the thriving community of Cleveland, TN! This impressive 4-unit property presents a lucrative investment, offering not only income producing residences on a total 1.7 acres of land for a new or redevelopment opportunity. The listing showcases opportunity for a variety of investment strategies. Nestled in the heart of Cleveland, a rapidly growing neighborhood with close proximity to Chattanooga, 1745 Westside Drive enjoys a prime location. Situated adjacent to the major I-75 highway, this property ensures easy accessibility to downtown Cleveland, local schools, and amenities, all within a convenient 10-minute drive. Investors, seize the opportunity to be part of Cleveland's growth story! Whether you're expanding your portfolio or entering the real estate market, 1745 Westside Drive provides a solid foundation for success. Don't miss out on the chance to own a piece of prime real estate in a dynamic and expanding community. Addresses: 1745, 1755, 1795, Westside Drive NW. Cleveland, TN 37311

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.88931
    Latitude
    35.179047

    Comparable in this City

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      Renovated Quadplex Investment Opportunity

      Fully renovated quadplex with four units, ideal for investors.
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      Cleared Land Ready for Development

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      2.84 Acres in Spring Creek

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    Similar Nearby for Sale

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      Corner Lot Investment Opportunity

      High-traffic corner lot with income potential in Cleveland, TN.
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    • $245,000
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      Turnkey Investment in Cleveland, TN

      Fully leased multi-building property in downtown Cleveland, Tennessee.
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    • $329,000
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      Renovated Quadplex Investment Opportunity

      Fully renovated quadplex with four units, ideal for investors.
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      View Details
    • $329,000
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      Renovated Quadplex with Modern Updates

      Updated quadplex featuring new roof, mini-splits, and in-unit laundry.
      1514 Aurora Ave SE, Cleveland, TN 37311
      View Details
    • Contact for pricing

      Cleared Land Ready for Development

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      Development Land Near Retailers

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    Similar Nearby for Lease

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      Divisible Office Space Available

      Office space for rent, divisible to 2,000 square feet.
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      View Details
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    Cleveland, TN 37311
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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