Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
2040 Westland SW Dr Cleveland, TN 37311-8163
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0978082
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,950 SF
Lot
3.26 ac (142,006 SF)
Zoning code
FAR
APN
057 018.02 000
UPID
US80-0978082
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
-
Five Star Breaktime Solutions- Cleveland Big Box & Wholesale Store
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
Pesterfield & Pesterfield Propertie · 3 yrs held
Pesterfield & Pesterfield Propertie
since 2023
Last sale
$235,000
7 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
$2,057
Tax year 2023
Assessed value
$142,920
Assessed 2023
Previous assessed
$142,920
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$68,840
Assessed improvement
$74,080
Land market value
$172,100
Improvement market value
$185,200
Total market value
$357,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
9,950 SF
Lot
3.26 ac (142,006 SF)
Zoning code
FAR
APN
057 018.02 000
UPID
US80-0978082
Jurisdiction
BRADLEY
Zoning & alternative use
FAR · Cleveland, TN
Zoning FAR · permitted uses
FAR · 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
Pesterfield & Pesterfield Propertie
Individual
Mailing address
4035 BOW ST NE, CLEVELAND, TN 37312-4961
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Pesterfield & Pesterfield Propertie
Kjp Holdings LLC
Intrafamily Transfer
related
$250,000 · Smartbank
Oct 3, 2018
—
Kjp Holdings LLC
—
Deed
related
—
Oct 30, 2012
$235,000
Kjp Holdings LLC
Community Trust & Banking
Special Warranty Deed
$250,000 · Fsg Bank National Association
Mar 9, 2012
$401,206
Community Trust & Banking
Smith M Craig
Trustees Deed
—
May 1, 1995
$196,914
Fire Protection Sentinel
—
Deed Of Trust
related
—
Oct 11, 1989
$25,000
Petitt Construction Co
Unknown
Grant Deed
—
—
—
Kjp Holdings LLC
—
Deed Of Trust
related
$250,000 · Fsgbank NA Village Green
—
—
Kjp Holdings LLC
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2040 Westland SW Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
