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Property profile & analytics
OFF-MARKET
Manufacturing properties
2129 Waterlevel Hwy Cleveland, TN 37311-6442
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-2046083
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
FRAME
Total area
6,450 SF
Lot
0.65 ac (28,208 SF)
Zoning code
C1
APN
058H G 004.02 000
UPID
US80-2046083
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
-
THE GRIT HOUSE Gym & Fitness Center
-
Anatomy Repair Medical Clinic Physician
-
Color Slingers Tanning Salon
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
Tony Luther Brown JR · 2 yrs held
Tony Luther Brown JR
since 2024
Last sale
$7,500
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,183
Tax year 2023
Assessed value
$66,560
Assessed 2023
Previous assessed
$66,560
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$26,680
Assessed improvement
$39,880
Land market value
$66,700
Improvement market value
$99,700
Total market value
$166,400
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
1967
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Bathrooms
0
Total area
6,450 SF
Lot
0.65 ac (28,208 SF)
Zoning code
C1
APN
058H G 004.02 000
UPID
US80-2046083
Jurisdiction
BRADLEY
Zoning & alternative use
C1 · Cleveland, TN
Zoning C1 · permitted uses
C1 · 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
1967
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
0
Lot
0.65 ac
Current owner
From public records · entity-resolved
Tony Luther Brown JR
Individual
Free & Clear · 2 yrs held
Mailing address
6340 BAYSHORE DR, HARRISON, TN 37341-9587
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
$7,500
Tony Luther Brown JR
Grit House LLC
Warranty Deed
—
Dec 17, 2013
$128,600
Grit House LLC
Hyde,gary & Linda
Warranty Deed
$102,880 · Southern Heritage Bank
Dec 23, 2008
$195,000
Gary Hyde
Cathey,timothy & Pamela G
Warranty Deed
$114,181 · Citizens National Bank
Nov 26, 2003
$130,000
Timothy Etal Cathey
Southern Heritag
Grant Deed
—
Jul 25, 2003
$154,315
Southern Heritage Bank
Sharp,j Michael
Grant Deed
related
—
Jan 29, 2001
$160,000
Tony M Dixon
Mirror,image C
Grant Deed
—
Mar 20, 1995
$70,000
Image Color Mirror
Unknown,
Grant Deed
$440,000 · American National Bank & Trust
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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