Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    251 Dry Vly NE Rd Cleveland, TN 37312-6619

    Property Lookup

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

    251 Dry Vly NE Rd Cleveland, TN 37312-6619

    View on Map
    • Commercial real estate
    • 17,194 SF
    • 355.73 lot acres
    Off-Market
    Property ID
    US80-2601953
    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
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cleveland Regional Jetport / Airport
    • Priester Aviation - Private Jet Charter and Aircraft Management / Corporate Office / Factory
    • Azure Aviation / Freight Service / Logistics Company
    • Wings Of Eagles Aviation / Vocational School / Training Center
    • Azure Flight Support / Vocational School / Training Center

    Property Details for 251 Dry Vly NE Rd

    Year built
    2016
    Construction
    FRAME
    Lot size
    355.73 lot acres
    Property size
    17,194 SF
    Zone code
    IL
    Property type
    Commercial real estate
    APN
    035 047.00 017
    APU
    3504700017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,623,000
      Market price range: $1.34M - $4.06M
      AI Estimate
      $960,000
      Market price range: $669k - $2.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.7984
    Latitude
    35.2125
    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
    $5,650
    $0.00
    $392,600
    $392,600
    -
    $0.00
    $981,500
    $981,500

    Comparable in this City

    • Value Estimation by Request
      3.17 Acres

      Callen Ln

      Commercial real estate • 3.17 Acres
      Callen Ln, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      1.02 Acres

      Callen

      Commercial real estate • 1.02 Acres
      Callen, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      0.27 Acres

      105 30th NE St

      COMMERCIAL (GENERAL) • 0.27 Acres
      105 30th NE St, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      1.40 Acres

      00 Adkisson Dr

      Land • 1.40 Acres
      00 Adkisson Dr, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      1.00 Acre

      Adkisson Dr

      Land • 1.00 Acre
      0 Adkisson Dr, Cleveland, TN 37312
      View Details
    • Value Estimation by Request
      4,200 SF

      251 Dry Vly NE Rd

      COMMERCIAL (GENERAL) • 4,200 SF
      251 Dry Vly NE Rd, Cleveland, TN 37312-6619
      View Details

    Similar Nearby for Sale

    • $660,000
      4,332 SF

      Stratford Village Four-Unit Townhomes

      Four well-maintained townhome units in Cleveland's Stratford Village.
      900 Stratford Cir NW, Cleveland, TN 37312
      View Details
    • Contact for pricing
      5,252 SF

      Partially Renovated Medical Building

      Well-equipped medical building with leased spaces and modern amenities.
      2825 Westside Dr NW, Cleveland, TN 37312
      View Details
    • $239,900
      840 SF

      Duplex in Northeast City Location

      Duplex with tenant-paid utilities, ideal for investment or owner-occupancy.
      3301/3303 NE Steeple Cir, Cleveland, TN 37312
      View Details
    • $249,900
      840 SF

      Duplex in Northeast Cleveland

      Duplex with tenant-paid utilities, ideal for investment or owner-occupancy.
      3370/3372 NE Steeple Cir, Cleveland, TN 37312
      View Details
    • $895,000
      1.41 Acres

      Highway Frontage Commercial Lot

      Build-ready commercial lot in Cleveland with highway frontage.
      5455 N Lee Hwy, Cleveland, TN 37312
      View Details
    • $55,000
      Pending

      Residential Land in Cleveland, TN

      1.39-acre homesite near dining, shopping, and amenities.
      Candies Creek Ridge Rd NW, Cleveland, TN 37312
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Hwy, Cleveland, TN 37312
      View Details
    • $3,000 /Mo
      3,000 SF

      Cleveland Office Space For Rent

      3000 SF office space centrally located in Cleveland, TN.
      1855 Executive Pl NW, Cleveland, TN 37312
      View Details
    • New
      $8,000 /Mo
      10,500 SF

      Versatile Commercial Space with Warehouse

      Office, warehouse, and retail space available for rent.
      2260 Candies Ln 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
    • Contact for pricing
      5,164 SF

      Office Space in Cleveland, TN

      5,164 SF office space available for rent.
      1060 Peerless Xing, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Functional Office Space Available

      Office space for lease with functional floor plan.
      1510 Stuart Rd NE, Cleveland, TN 37312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    251 Dry Vly NE Rd
    Cleveland, TN 37312-6619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!