Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    266 Broad NW St Cleveland, TN 37311-5036

    • Retail space
    • 8,034 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2022191
    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

    • Aaron Dunn - Prudential Financial / Financial Advisor

    Property Details for 266 Broad NW St

    Year built
    1956
    Lot size
    0.25 lot acres
    Property size
    8,034 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    049M X 005.00 000
    APU
    049MX00500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $778,000
      Market price range: $246k - $1.10M
      AI Estimate
      $842,000
      Market price range: $288k - $1.07M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $595,000
      Current use
      COMMERCIAL (GENERAL)
      $880,000
      Change: +47% Conversion: Easy
      AUTO REPAIR, GARAGE
      $570,000
      Change: -4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $540,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8753
    Latitude
    35.1612
    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
    $3,138
    $25,520
    $192,520
    $218,040
    -
    $63,800
    $481,300
    $545,100

    Comparable in this City

    • Value Estimation by Request
      4,870 SF

      387 Trunk NE St

      RETAIL STORES (PERSONAL SERVICES) • 4,870 SF
      387 Trunk NE St, Cleveland, TN 37311-5351
      View Details
    • Value Estimation by Request
      2,800 SF

      1500 Wildwood SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      1500 Wildwood SE Ave, Cleveland, TN 37311
      View Details
    • Value Estimation by Request
      2,850 SF

      1353 Chippewa SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      1353 Chippewa SE Ave, Cleveland, TN 37311-3056
      View Details
    • Value Estimation by Request
      1,776 SF

      177 Edwards NE St

      RETAIL STORES (PERSONAL SERVICES) • 1,776 SF
      177 Edwards NE St, Cleveland, TN 37311-5382
      View Details
    • Value Estimation by Request
      1,136 SF

      2910 Harrison Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,136 SF
      2910 Harrison Pike, Cleveland, TN 37311-8097
      View Details
    • Value Estimation by Request
      1,440 SF

      671 Inman E St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      671 Inman E St, Cleveland, TN 37311-6229
      View Details

    Similar Nearby for Sale

    • $294,000
      1,200 SF

      Downtown Cleveland Commercial Building

      Prime commercial building in revitalizing downtown Cleveland, Tennessee.
      463 Central Ave NW, Cleveland, TN 37311
      View Details
    • $375,000
      2,714 SF

      Mixed-Use Property with Income Potential

      Commercial space with residential unit, ideal for owner-operators.
      270 Central Ave NW, Cleveland, TN 37311
      View Details
    • $649,000
      6,656 SF

      Cleveland Commercial Properties Package

      Two commercial properties with unlimited potential in Cleveland, Tennessee.
      650 Central Ave NE, Cleveland, TN 37311
      View Details
    • $625,000
      2,536 SF

      Downtown Cleveland Retail Opportunity

      Prime Commercial Property, High Visibility
      632 Inman St, Cleveland, TN 37311
      View Details
    • $949,000
      2,700 SF

      Commercial Property on Spring Place Road

      4.2-acre commercial property with 2,700 sq ft building.
      1490 Spring Place Rd SE, Cleveland, TN 37311
      View Details
    • $75,000
      0.14 Acres

      Prime Cleveland Parking Lot

      25 Spaces, 0.14 Acres, $75,000
      320 3Rd St, Cleveland, TN 37311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,300 SF

      Renovated Shop Space For Rent

      Renovated shop space with office and wash bay available for rent.
      1009 S Lee Hwy, Cleveland, TN 37311
      View Details
    • $1,450 /Mo
      990 SF

      Furnished Hair Salon in Cleveland

      Fully furnished hair salon with 8 stations and customer waiting area.
      2328 Georgetown Rd NW, Cleveland, TN 37311
      View Details
    • Contact for pricing

      Retail Space in Cleveland, TN

      Grocery-anchored retail space available in Cleveland, Tennessee.
      200 Grove Ave Southwest, Cleveland, TN 37311
      View Details
    • Contact for pricing
      6,800 SF

      Retail Space in Cleveland, Tennessee

      Retail property in a key regional hub near Chattanooga.
      200-222 Grove Ave NW, Cleveland, TN 37311
      View Details
    • $12 SF/Yr
      22,000 SF

      Cleveland TN Office Space for Lease

      Prime Office Space, Flexible Lease Terms
      201 Keith St, Cleveland, TN 37311
      View Details
    • $12 SF/Yr
      165,715 SF

      Adaptable Office Space on Keith

      Divisible office space suitable for various business needs.
      201 Keith St SW, Cleveland, TN 37311
      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.
    266 Broad NW St
    Cleveland, TN 37311-5036
    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!