Financial
Distress signals
Property profile

2308 Treasury Dr SE Cleveland, TN 37323

FOR LEASE
Other commercial real estate
Property ID
US80-1295247
32,710 SF 4.9 ac lot Built 2003
Last sale Jan 2024 · $6,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 45,079-square-foot retail center in Cleveland, Tennessee, within the Chattanooga metropolitan statistical area, shadow-anchored by Walmart. It fronts Dalton Pike SE (also referred to as Dalton Pike/Appalachian Highway) and is near Appalachian Highway, a main retail corridor connecting Cleveland to I-75. The center is situated within Cleveland’s primary retail cluster near major retailers including Walmart, Aldi, Walgreens, and Food City, and it has direct visibility from

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$1.19M
Assessed land$661k
Assessed improvement$525k
Effective rate1.44%

Value estimate

· Sep 2026
$6.18M
$5.56M – $6.79M
AI approach$6.18M
CAP approach$5.10M
Submarket $/SF estimate$6.55M
NOI build-up
Gross scheduled income$675k
Vacancy & credit loss−$68k
Operating expenses−$182k
NOI · 2,657,812.50% cap applied$425k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$139/SF
Submarket average, outlier-cleaned · 129 recorded sales of this use type
Observed band · Q1–Q3$61 – $243

Cap rate analysis

How does the asset earn?
2,657,812.50%
$425k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CH
CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. A...
General categoryCOMMERCIAL
JurisdictionBRADLEY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.3
Dental Office23.7
Building Supply22.2

Location

2308 Treasury Dr SE Cleveland, TN 37323
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2010 Broomfield SE, Cleveland, TN 37323-3301 $673,143 Dec 2024 23,810 SF
2311 Treasury SE, Cleveland, TN 37323-7186 $6,175,000 Jan 2024 18,040 SF
2544 Dalton SE, Cleveland, TN 37323-7157 $1,680,000 Dec 2021 13,100 SF
2221 Spg Pl SE, Cleveland, TN 37323-3343 $2,070,000 Jun 2021 24,585 SF
2628 Dalton SE, Cleveland, TN 37323-7142 $33,000 Jan 2020 13,056 SF
5086 Waterlevel, Cleveland, TN 37323 $12,000 Jan 2020 8,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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