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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Retail space
3917 Michigan Ave NE Rd Cleveland, TN 37323-5903
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1402093
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
10,570 SF
Lot
5.26 ac (229,126 SF)
Zoning code
CG
APN
043 034.00 000
UPID
US80-1402093
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
-
Michigan Avenue Mini Warehouses Warehouse & Storage
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Storage Park Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.43M
Owner & transaction history
Storage Park LLC · 3 yrs held
Storage Park LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CG · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+51.4%
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
$1,475,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$1,665,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Current use
COMMERCIAL (GENERAL)
$1,470,000
Change: +51% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.65M (Aug 1 2022)
Last sale anchor
$1.65M
Aug 1 2022
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
$135 / 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
Assessed value
$373,960
Assessed 2023
Previous assessed
$373,960
+0.0% YoY
Assessed land
$57,760
Assessed improvement
$316,200
Land market value
$144,400
Improvement market value
$790,500
Total market value
$934,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Rooms
10
Bathrooms
18
Total area
10,570 SF
Lot
5.26 ac (229,126 SF)
Zoning code
CG
APN
043 034.00 000
UPID
US80-1402093
Jurisdiction
BRADLEY
Zoning & alternative use
CG · Cleveland, TN
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1974
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Rooms
10
Bathrooms
18
Lot
5.26 ac
Current owner
From public records · entity-resolved
Storage Park LLC
Entity
Mailing address
5958 SNOW HL RD STE #144, OOLTEWAH, TN 37363-7834
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
—
Storage Park LLC
—
Deed
related
$2,185,000 · Simmons Bank
Jun 21, 2023
—
Storage Park LLC
—
Deed
related
$2,185,000 · Simmons Bank
Feb 10, 2023
—
Storage Park LLC
—
Deed
related
$225,000 · Manisha Vora
Aug 1, 2022
$1,650,000
Storage Park LLC
Michigan Avenue Mini Warehouses LLC
Warranty Deed
$1,200,000 · Hank Wilson
Aug 20, 2021
—
John Beaty
John Beaty
Intrafamily Transfer
related
—
Jan 3, 2018
—
Farris C Moore
—
Deed
related
$520,633 · United Cmnty Bk
Dec 12, 2017
—
Michigan Avenue Mini Warehouse
Moore,carol L
Quit Claim Deed
related
—
Sep 18, 2006
—
Wireless Properties LLC
—
Deed Of Trust
related
$5,499,854 · Cc Finance LLC
Jan 25, 2006
—
Carol L Moore
Moore,farris C JR
Quit Claim Deed
related
—
—
—
Farris C Moore JR.
—
Deed Of Trust
related
$125,000 · First National Bank
—
—
Farris C Moore
—
Deed Of Trust
related
$250,000 · First National Bank
—
—
Moore,farris C JR & Carol L
—
Loan Modification
related
$539,626 · First Nat'l Bk
—
—
Farris C Moore
—
Loan Modification
related
$520,633 · United Cmnty Bk
—
—
Farris C Moore JR.
—
Deed Of Trust
related
$40,000 · First National Bank
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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