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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Grocery and convenience stores
2280 Spg Pl SE Rd Cleveland, TN 37323-3342
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1997250
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Total area
4,800 SF
Lot
0.54 ac (23,714 SF)
Zoning code
C2
APN
066G N 001.00 000
UPID
US80-1997250
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
-
Circle K Grocery & Convenience Store
-
Kangaroo Express Grocery & Convenience Store
-
Safe zone for marketplace exchange Cafe & Coffee Shop
-
BP Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$700k
Owner & transaction history
Ruhan LLC · 2 yrs held
Ruhan LLC
since 2024
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
C2 · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$665,000
+51.4%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
RETAIL STORES
$440,000
Current use
COMMERCIAL (GENERAL)
$665,000
Change: +51% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Feb 8 2024)
Last sale anchor
$700k
Feb 8 2024
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
$146 / 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
Assessed value
$157,680
Assessed 2023
Previous assessed
$157,680
+0.0% YoY
Assessed land
$52,480
Assessed improvement
$105,200
Land market value
$131,200
Improvement market value
$263,000
Total market value
$394,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
4,800 SF
Lot
0.54 ac (23,714 SF)
Zoning code
C2
APN
066G N 001.00 000
UPID
US80-1997250
Jurisdiction
BRADLEY
Zoning & alternative use
C2 · Cleveland, TNZoning C2 · permitted uses
C2 · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$665,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ruhan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Ruhani LLC
—
Deed
related
$1,213,802 · Southeast Bank
Feb 8, 2024
$700,000
Ruhan LLC
Ri Tn 2 LLC
Special Warranty Deed
—
Oct 13, 1994
$610,000
Finley Lyle Etal Co Trs
Unknown,
Grant Deed
—
Mar 1, 1988
$300,000
Cleveland Oil Co INC
Unknown
Grant Deed
—
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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