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Property profile & analytics
OFF-MARKET
Estimated value
$7,125,000
Medical Office Space
2253 Chambliss NW Ave Cleveland, TN 37311-3861
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1799510
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,890 SF
Lot
6.53 ac (284,447 SF)
Zoning code
PI
APN
049D J 017.02 000
UPID
US80-1799510
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
-
Trondson Troy a DDS Dental Office
-
Widloski M DDS Dental Office
-
Evans Brock D DDS Dental Office
-
Kidney Center Of Cleveland Medical Clinic
-
Chattanooga Kidney Centers Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$7.13M
Owner & transaction history
Cleveland Tn 2253 Mp Rk6 LLC · 4 yrs held
Cleveland Tn 2253 Mp Rk6 LLC
since 2022
3 recorded transactions
Zoning & alternative use
PI · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of s…
Zone name
Professional Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
377.85 ac
Top alternative use upside
Restaurant
$8.2M
+39.7%
Commercial (general)
$7.8M
+32.8%
Auto repair, garage
$7.1M
+21.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,890,000
Current use
RESTAURANT
$8,225,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,825,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,125,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$6,665,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$86 / SF
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
$55,352
Tax year 2023
Assessed value
$3,846,000
Assessed 2023
Previous assessed
$3,846,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$302,240
Assessed improvement
$3,543,760
Land market value
$755,600
Improvement market value
$8,859,400
Total market value
$9,615,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
13
Rooms
488
Bathrooms
16
Total area
82,890 SF
Lot
6.53 ac (284,447 SF)
Zoning code
PI
APN
049D J 017.02 000
UPID
US80-1799510
Jurisdiction
BRADLEY
Zoning & alternative use
PI · Cleveland, TNZoning PI · permitted uses
PI · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
Professional Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
377.85 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.9M
RESTAURANT
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
13
Rooms
488
Bathrooms
16
Lot
6.53 ac
Current owner
From public records · entity-resolved
Cleveland Tn 2253 Mp Rk6 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$19,888,000
Cleveland Tn 2253 Mp Rk6 LLC
Mp Bradley Mob Partners LLC
Special Warranty Deed
$262,352,622 · Capital One NA
Dec 26, 2018
$14,000,000
Mp Bradley Mob Partners LLC
Hrt Of Tennessee LLC
Trustees Deed
$11,300,000 · Capital One NA
Dec 17, 2004
—
Hrt Of Tennessee INC
Healthcare Realty Trust INC
Quit Claim Deed
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.
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