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Property profile & analytics
FOR SALE
Office Spaces
2825 Westside Dr NW Cleveland, TN 37312
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0961820
For Sale
1 / 5
$1,200,000
2825 Westside Dr NW, Cleveland, TN 37312
View Listing →
Property summary
AI-generated overview
This exceptional 5,252 sq ft medical office building in Cleveland, TN, is for sale at $1,200,000. Completely renovated in 2023, this Class C building, constructed in 1985, sits on a 12,632 sq ft lot (APN: 041F D 020.00). The property features two leased spaces, each well-equipped for medical practice. The interior boasts modern paint and flooring, upgraded bathrooms with contemporary fixtures, spacious waiting rooms, efficient front desk areas, and multiple exam and treatment rooms designed for diverse medical needs. Ample office space and generous storage areas ensure efficient workflow. The convenient location offers plentiful parking for patients and staff. This investment opportunity combines modern amenities with a strategic design, making it an ideal medical facility. The property is offered for sale by owner.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
5,252 SF
Lot
0.29 ac (12,458 SF)
Zoning code
CH
APN
041F D 020.00 000
UPID
US80-0961820
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Terpstra Greg MD Pediatrician Physician
-
Cleveland Family practice cntr Medical Clinic
-
Rahbe Samir MD Physician
-
Angela Marie Coates Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$545k
Owner & transaction history
Ctm Developments · 3 yrs held
Ctm Developments
since 2023
Last sale
$585,000
3 recorded transactions
Zoning & alternative use
CH · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$525,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $585k (Apr 25 2023)
Last sale anchor
$585k
Apr 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,794
Tax year 2023
Assessed value
$194,120
Assessed 2023
Previous assessed
$194,120
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$34,280
Assessed improvement
$159,840
Land market value
$85,700
Improvement market value
$399,600
Total market value
$485,300
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1985
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
4
Rooms
72
Bathrooms
2
Total area
5,252 SF
Lot
0.29 ac (12,458 SF)
Zoning code
CH
APN
041F D 020.00 000
UPID
US80-0961820
Jurisdiction
BRADLEY
Zoning & alternative use
CH · Cleveland, TN
Zoning CH · permitted uses
CH · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$770,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
YES
Cooling
Yes
Stories
1
Units
4
Rooms
72
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ctm Developments
Individual
Mailing address
PO BOX 4198, CLEVELAND, TN 37320-4198
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$585,000
Ctm Developments
Samir Rahbe
Warranty Deed
$660,000 · Peoples Bank Of The South
Jan 17, 1997
$240,000
Samir Rahke
Unknown
Grant Deed
$220,000 · Suntrust Bank NA
Jan 3, 1990
$240,000
National Healthcare Of
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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