Financial
Distress signals
Property profile

3686 Michigan Avenue Rd Northeast Cleveland, TN 37323

FOR SALE
Commercial land
Property ID
US80-2690509
6 ac lot
Last sale Dec 2022 · $135,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 191,664 square foot mixed-use property in Cleveland, TN, presents a compelling value-add investment opportunity. Built in 2023, this single-story facility sits on a 4.4-acre lot zoned IL (Light Industrial) and boasts 90 units, currently operating at 50% occupancy. The property includes 15 covered and 75 uncovered spaces, designed to accommodate a variety of RVs and boats, with various lengths to maximize revenue potential. Amenities include 24/7 gated access, a waste dump

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$85k
Assessed land$85k
Effective rate1.44%

Value estimate

· Sep 2026
$135k
$122k – $149k
AI approach$155k
NOI build-up
Gross scheduled income$2.03M
Vacancy & credit loss−$55k
Operating expenses−$296k
NOI · 168.58% cap applied$1.68M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$139/SF
Submarket average, outlier-cleaned · 129 recorded sales of this use type
Observed band · Q1–Q3$61 – $243

Cap rate analysis

How does the asset earn?
168.58%
$1.68M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right i...
General categoryCOMMERCIAL
JurisdictionBRADLEY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Auto Repair Shop14.5
Restaurant14.2

Location

3686 Michigan Avenue Rd Northeast Cleveland, TN 37323
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Broomfield SE, Cleveland, TN 37323 $2,500,000 Dec 2024 No data
Young SE, Cleveland, TN 37323 $235,000 Oct 2024 No data
4617 Dalton SE, Cleveland, TN 37323-1705 $202,185 Jan 2024 696 SF
Young SE, Cleveland, TN 37323 $930,400 Sep 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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