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Property profile

187 1st NE St Cleveland, TN 37311

OFF-MARKET
Warehouses
Property ID
US80-1048991
View Sample
7,504 SF 0.72 ac lot Built 1928
Individually Owned 21-yr Hold Free & Clear

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,504 SF
Lot 0.72 ac (31,328 SF)
Zoning code CBD
APN 049M S 026.00 000
UPID US80-1048991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2004
2 recorded transactions
2004
Price N/A
2004
$137,500

Zoning & alternative use

CBD · Cleveland, TN
Zoning description

2.12 CBD District (Central Business District) (as amended by Ord. 2021- 13, May 2021) Intent, Goals, and Definitions 1. It is the intent of the Central Business District to promote traditional urban APP-C-44 development…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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