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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Manufacturing properties
2915 20th NE St Cleveland, TN 37323-5869
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1337146
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
FRAME
Total area
79,435 SF
Lot
9.27 ac (403,801 SF)
Zoning code
IL
APN
050 019.06 000
UPID
US80-1337146
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$3.03M
Owner & transaction history
2915 Cleveland LLC · 1 yrs held
2915 Cleveland LLC
since 2025
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standar…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
Top alternative use upside
Warehouse, storage
$4.2M
+11.8%
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
$2,865,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,795,000
Current use
WAREHOUSE, STORAGE
$4,240,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±10% · vs last sale $3.20M (Dec 21 2023)
Last sale anchor
$3.20M
Dec 21 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
$38 / 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
$9,285
Tax year 2023
Assessed value
$645,160
Assessed 2023
Previous assessed
$645,160
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$123,480
Assessed improvement
$521,680
Land market value
$308,700
Improvement market value
$1,304,200
Total market value
$1,612,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
4
Total area
79,435 SF
Lot
9.27 ac (403,801 SF)
Zoning code
IL
APN
050 019.06 000
UPID
US80-1337146
Jurisdiction
BRADLEY
Zoning & alternative use
IL · Cleveland, TNZoning IL · permitted uses
IL · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1964
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
4
Lot
9.27 ac
Current owner
From public records · entity-resolved
2915 Cleveland LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 2534, CLEVELAND, TN 37320-2534
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$3,450,000
2915 Cleveland LLC
Sylvester Lynn Jones
Warranty Deed
—
Dec 21, 2023
$3,200,000
Sylvester Lynn Jones
Ted Blank & Associates INC
Special Warranty Deed
—
Sep 6, 2016
$1,700,000
Ted Blank & Associates INC
Jones,lynn
Warranty Deed
—
Apr 27, 2016
$1,250,000
Lynn Jones
Parker,ronald E
Grant Deed
$1,025,000 · Ronald E Parker
Mar 10, 1999
$760,000
Ronald Parker
Amimex Corp
Grant Deed
—
Sep 10, 1991
$650,000
Amimex Corporation
Unknown
Grant Deed
—
—
—
Ronald E Parker
—
Deed Of Trust
related
$994,000 · Bank Of Cleveland
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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