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Property profile & analytics
OFF-MARKET
Retail space
2150 Lee Hwy Cleveland, TN 37311-7334
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0843001
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
9,770 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CH
APN
057H F 015.00 000
UPID
US80-0843001
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
-
PDI WORKS Engineer
-
Cleveland Shooting Sports Gun Shop Shooting Range
-
Cleveland Shooting Sports dba Volunteer Ordnance Works Shooting Range Gun Shop
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
Duncan Warren · 2 yrs held
Duncan Warren
since 2023
Last sale
$225,000
5 recorded transactions
Zoning & alternative use
CH · 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
$1,836
Tax year 2023
Assessed value
$127,600
Assessed 2023
Previous assessed
$127,600
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$36,440
Assessed improvement
$91,160
Land market value
$91,100
Improvement market value
$227,900
Total market value
$319,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
3
Bathrooms
5
Total area
9,770 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CH
APN
057H F 015.00 000
UPID
US80-0843001
Jurisdiction
BRADLEY
Zoning & alternative use
CH · Cleveland, TN
Zoning CH · permitted uses
CH · 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
1986
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Bathrooms
5
Lot
3.4 ac
Current owner
From public records · entity-resolved
Duncan Warren
Individual
Free & Clear · 2 yrs held
Mailing address
3162 LAUREL OAKS DR NW, CLEVELAND, TN 37312-2156
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
Duncan Warren
Lucky Dog Properties LLC
Quit Claim Deed
related
—
Oct 19, 2017
—
Lucky Dog Properties LLC
Duncan,warren & Thu-ha
Quit Claim Deed
related
—
Apr 15, 2011
$225,000
Warren Duncan
Renner,bruce D
Warranty Deed
$225,000 · Bruce D Renner
Aug 14, 1994
$70,000
Earnest Stafford
Unknown,
Grant Deed
—
—
—
Duncan,warren & Thu-ha
—
Deed Of Trust
related
$100,000 · Southeast Bk
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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