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Property profile & analytics
OFF-MARKET Estimated value $685,000
Grocery and convenience stores

2300 Spg Pl SE Rd Cleveland, TN 37323-4804

4,930 SF 0.73 ac lot Built 1982
Entity Owned 24-yr Hold Free & Clear
Property ID
US80-1536813
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1982
Total area 4,930 SF
Lot 0.73 ac (31,982 SF)
Zoning code R1
APN 066G M 001.00 000
UPID US80-1536813
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
  • Marathon Gas Station
  • ATM Kangaroo Express 3535 Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$715k
Comparable Approach Comparable
$673k
Blend (final) Blend
$685k
Owner & transaction history
ARPGOLD 2300 SPRING PLACE RD LLC
ARPGOLD 2300 SPRING PLACE RD LLC
Zoning & alternative use
R1 · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

given conditional use in the R -1 district. (as amended by Ord. #14, March 2001, and Ord. #2007-34, Sept. 2007). 2.3 R-1 DISTRICT (Single-Family Residential). 2.3.1 Uses allowed. The R -1, Single -Family Residential, District allows the following uses: A. Single-Family Detached Dwellings; B, Home Occupations, subject to 3.10. 2.3.2 Conditional Uses. The foll…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 4,817.82 ac
Top alternative use upside
Commercial (general) $685,000 +51.4%
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