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Property profile & analytics
OFF-MARKET Estimated value $1,185,000
Grocery and convenience stores

2890 Waterlevel Hwy Cleveland, TN 37323-6500

8,241 SF 1.77 ac lot Built 2002
Entity Owned 31-yr Hold Free & Clear
Property ID
US80-1849759
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2002
Total area 8,241 SF
Lot 1.77 ac (77,311 SF)
Zoning code R1
APN 058J F 014.01 000
UPID US80-1849759
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
  • bp Gas Station
  • Circle K Grocery & Convenience Store
  • BP/ Subway Gas Station
  • Kangaroo Express Grocery & Convenience Store
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.20M
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.19M
Owner & transaction history
Finley Lyle Etal Co Trs · 31 yrs held
Finley Lyle Etal Co Trs
since 1994
2 recorded transactions
1994
$329,000
1988
$90,000
Zoning & alternative use
R1 · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

given conditional use in the R -1 district. (as amended by Ord. #14, March 2001, and Ord. #2007-34, Sept. 2007). 2.3 R-1 DISTRICT (Single-Family Residential). 2.3.1 Uses allowed. The R -1, Single -Family Residential, District allows the following uses: A. Single-Family Detached Dwellings; B, Home Occupations, subject to 3.10. 2.3.2 Conditional Uses. The foll…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 4,817.82 ac
Top alternative use upside
Commercial (general) $1.1M +51.4%
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