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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    250 Paul Huff NW Pkwy Cleveland, TN 37312

    • Retail properties
    • 31,054 SF
    • 18.56 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2021
    $6,046,560
    Value Estimations
    $5,315,000
    Show details
    Cap Rate Potential
    5.3%
    Retail properties
    Location Intelligence
    Property ID
    US80-1536812
    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.

    Current Use by Public Records

    • Nails of America / Nail Salon
    • Chicken Salad Chick / Take-out & Catering

    Property Details for 250 Paul Huff NW Pkwy

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    18.56 lot acres
    Property size
    31,054 SF
    Zone code
    CH
    Property type
    Retail properties
    APN
    034 064.14 000
    APU
    3406414000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,490,000
      ML approach
      $4,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,890,000
      6.5%
      $4,515,000
      7%
      $4,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,351,000
      Market price range: $952k - $5.35M
      AI Estimate
      $3,519,000
      Market price range: $799k - $3.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8523
    Latitude
    35.2058
    CBSA code
    17420
    CBSA name
    CLEVELAND, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,362
    $1,768,320
    $1,453,080
    $3,221,400
    -
    $4,420,800
    $3,632,700
    $8,053,500

    Comparable in this City

    • Value Estimation
      $1,280,000
      8,895 SF

      115 Stuart NE Rd

      DEPARTMENT STORE • 8,895 SF
      115 Stuart NE Rd, Cleveland, TN 37312-4804
      View Details
    • Value Estimation
      $1,170,000
      50,053 SF

      200 Paul Huff NW Pkwy

      DEPARTMENT STORE • 50,053 SF
      200 Paul Huff NW Pkwy, Cleveland, TN 37312-2980
      View Details
    • Value Estimation by Request
      30,196 SF

      3862 Candies Creek Ln

      Office Properties & Spaces • 30,196 SF
      3862 Candies Creek Ln, Cleveland, TN 37312
      View Details
    • Value Estimation by Request

      4750 Frontage Rd

      Restaurants
      4750 Frontage Rd, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      3.00 Acres

      6878 Lee Hwy

      Day care centers • 3.00 Acres
      6878 Lee Hwy, Cleveland, TN 37312
      View Details
    • Value Estimation
      $2,050,000
      67,973 SF

      4580 Frontage NW Rd

      DEPARTMENT STORE • 67,973 SF
      4580 Frontage NW Rd, Cleveland, TN 37312-2905
      View Details

    Similar Nearby for Sale

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      9,700 SF

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      Lifestyle centers • 9,700 SF
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      View Details
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      Keith Street Commercial Property

      Income-producing commercial property with 11 units in central Cleveland.
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      Cleveland Medical Office Building

      Renovated Medical Office - Prime Location
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    • Contact for pricing
      Pending

      Land in Cleveland, Tennessee

      Land for sale in Cleveland, Tennessee.
      SW Lot, Cleveland, TN 37312
      View Details
    • $175,000
      0.25 Acres

      Cleveland, TN Quad-Plex Townhouse Lots

      Prime investment opportunity: quad-plex townhouse lots in Cleveland, TN.
      37th St NE, Cleveland, TN 37312
      View Details
    • $105,000
      0.45 Acres

      Residential Land in Creekwood Subdivision

      Residential land for sale in a convenient Cleveland, TN location.
      Creekwood, Cleveland, TN 37312
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    Similar Nearby for Lease

    • $35 SF/Yr
      12,900 SF

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Hwy, Cleveland, TN 37312
      View Details
    • $14 SF/Yr
      7,312 SF

      Executive Park Office Space

      7,312 sq ft Office Building in Cleveland, TN
      1865 Executive Park Dr, Cleveland, TN 37312
      View Details
    • $16 SF/Yr

      Cleveland TN Office Space Available

      Centrally located office building with remodeled suite available for lease.
      177 Mouse Creek Rd Nw, Cleveland, TN 37312
      View Details
    • $12 SF/Yr
      80,000 SF

      Bradley Place Executive Suites

      Cleveland, TN Office Space Available
      1510 Stuart Rd, Cleveland, TN 37312
      View Details
    • $3,000 /Mo

      Versatile Office Space Near Interstate

      Professional office space for lease with excellent accessibility and functionality.
      1600 Clingan Ridge Dr Nw, Cleveland, TN 37312
      View Details
    • $27 SF/Yr
      80,000 SF

      Cleveland Office Suite - Bradley Square

      144 sq ft Executive Office Space Available
      1510 Stuart Rd, Cleveland, TN 37312
      View Details
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    250 Paul Huff NW Pkwy
    Cleveland, TN 37312
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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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