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    2442 Dalton Pike Cleveland, TN 37323
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    2442 Dalton Pike Cleveland, TN 37323

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    • Commercial land
    For Sale
    $5,500,000
    View Listing →
    Prime Commercial Land Opportunity For Sale
    $5,500,000

    Prime Commercial Land Opportunity

    9+ acre commercial land in a high-traffic location.

    2442 Dalton Pike, Cleveland, TN 37323
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    Property ID
    US80-1344543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2442 Dalton Pike

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Cleveland is the 5th largest industrial city in the State of TN and is home to 12 Fortune 500 manufacturers. Forbes and Business Week named Cleveland one of the top 50 communities in the United States in which to do business or raise a family. Lee University, the 2nd largest private University in TN and Cleveland State College are also located in Cleveland. Latest Developments: Across from the property, ALDI Store and a Retail Plaza are being developed, and behind ALDI Site 120+ Townhouse units is at a completion phase. PROPERTY HIGHLIGHTS THE LAST SUPERIOR LOCATION AVAILABLE FOR SALE/LEASE! BUILD-TO-SUIT/JOINT VENTURES [LEASE RATE $1.40/Sq ft/YR] 9+AC COMMERCIAL LAND IN CITY LIMIT HIGHLY VISIBLE FROM ADP 40 HWY (31,000 VPD) CORNER OF DALTON PIKE & BUCHANAN CIRCLE, DALTON PIKE FRONTAGE 620 FT, BUCHANAN CIRCLE FRONTAGE 615 FT ZONE: CH CITY: CLEVELAND, COUNTY: BRADLEY Surrounding by National Merchants: Super Walmart, Food City, Walgreen, KFC, MacDonald, Wendy's, Regional Bank, Southern Heritage Bank, TN Valley CU, BB&T, Advanced Auto, etc. In addition CVS, SAVE-A-LOT, COOKS FOODS STORE, FRESH AND LOW, Taco Bell, Pizza Hut, O'Reilly Auto Parts, Pizza Hut, Subway, Burger King, Bojingles, Captain D, etc. ALL LOCATED less than 1/2-mile radius. ***POSSIBLE EASEMENT WITH SUPER WALMART! *** ***Buchanan Apartment Way is 118 units located behind the property making Dalton Pike and Buchanan Circle are the main access route to the huge apartment complex! PRIME LOCATION!!! Fastest growing Commercial & Residential Area! Trade Area exceed 90,000 people Direct access to ADP 40 & Dalton Pike Traffic count combines 40,000+ vehicles/Day *** The Commercial Property currently has 4 residential rental houses on month-to-month contract which has been generating $4,000.00/month. This is a fabulous opportunity for any transitional phase from planning to actual developing!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.86813
    Latitude
    35.12946

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      3.3 Acre Commercial Lot

      3.3 acre commercial lot zoned C2 in Cleveland, TN.
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      1,253 SF

      Cleveland TN Commercial Land Opportunity

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    • $230,000
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      3.3 Acre Commercial Lot

      Strategically located 3.3 acre lot zoned C2 in Cleveland, TN.
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    • $295,000
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      Two adjoining parcels for sale in a rapidly growing area.
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    Similar Nearby for Sale

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      3.3 Acre Commercial Lot

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      7.7 Acres on Waterlevel Highway

      7.7 acres of land near downtown Cleveland, Tennessee.
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      3.3 Acre Commercial Lot

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      3.3 Acre Commercial Lot

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      55-Acre Development Opportunity

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    • $596,050

      High Density Multifamily Land

      9.17 acres for multifamily development near Walmart.
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      View Details
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    Cleveland, TN 37323
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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