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Property profile & analytics
OFF-MARKET Estimated value $27,790,000
Manufacturing properties

4207 Michigan Ave NE Rd Cleveland, TN 37323-5505

425,135 SF 56.59 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US80-1254059
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 425,135 SF
Lot 56.59 ac (2,465,060 SF)
Zoning code IH
APN 043 013.01 000
UPID US80-1254059
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
  • Formulated Solutions Industrial Manufacturer Production Facility
  • Beiersdorf Industrial Manufacturer Production Facility
  • Bayer Consumer Health Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$34.57M
Comparable Approach Comparable
$28.48M
Blend (final) Blend
$27.79M
Owner & transaction history
Beiersdorf Manufacturing LLC · 3 yrs held
Beiersdorf Manufacturing LLC
since 2023
6 recorded transactions
2023
Price N/A
2023
$8.9M
2019
$35.2M
2018
Price N/A
2015
$21.6M
2013
Price N/A
Zoning & alternative use
IH · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

2.15 IH District (Heavy Industry). 2.15.1 The IH (Heavy Industry) District includes the following uses: A. All uses allowed by right in the IL zoning district including existing or replacement of single family or existing multi-family developments on existing sites subject to the same conditions as in the IL zoning district. B. Manufacturing businesses, junk…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 799.34 ac
Top alternative use upside
Retail stores $39.0M +92.0%
Auto repair, garage $32.0M +57.4%
Warehouse, storage $22.7M +11.8%
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