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Property profile & analytics
FOR LEASE
Medical Office Space
4312 Holiday Inn Express Way Northwest Cleveland, TN 37312
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1219342
For Lease
1 / 42
$31 SF/Yr
4312 Holiday Inn Express Way Northwest, Cleveland, TN 37312
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Property summary
AI-generated overview
This exceptional medical office space, located at 4312 Holiday Inn Express Way Northwest in Cleveland, Tennessee, 37312, offers 4,360 square feet of versatile space ideal for a variety of medical practices. The property is designated as a Multiple Tenancy building, currently featuring one available suite. The building's prime location provides excellent visibility and accessibility for patients and staff. The precise configuration of the available 4,360 square foot space is available upon request. Interested parties are encouraged to inquire about lease terms and conditions. This property presents a unique opportunity for medical professionals seeking a well-situated and functional office space in a thriving Tennessee community. The address is easily accessible from major roadways, ensuring convenient access for both patients and staff. The building itself is well-maintained and offers a professional atmosphere suitable for a range of medical specialties. Further details regarding building amenities and lease options are available upon request. Don't miss this chance to secure a prominent location for your medical practice in a rapidly growing area. Contact us today to schedule a viewing and discuss your specific needs.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,819 SF
Lot
3.01 ac (131,116 SF)
Zoning code
PUD
APN
034I A 008.00 000
UPID
US80-1219342
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
-
Luke Allen Ebersole Physician
-
Dr. Harish Manyam Physician
-
Linda North Physician
-
Anand N. Shridharani Physician Medical Clinic
-
Cathy Stevens Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.53M
Owner & transaction history
Cleveland 4312 Medical Properties L · 5 yrs held
Cleveland 4312 Medical Properties L
since 2021
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
PUD · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14,475,000
ML approach
$9,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.53M
Range $11.28M – $13.78M · ±10% · vs last sale $15.94M (Mar 25 2021)
Last sale anchor
$15.94M
Mar 25 2021
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
$340 / 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
$35,258
Tax year 2023
Assessed value
$2,449,800
Assessed 2023
Previous assessed
$2,449,800
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$495,520
Assessed improvement
$1,954,280
Land market value
$1,238,800
Improvement market value
$4,885,700
Total market value
$6,124,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
36,819 SF
Lot
3.01 ac (131,116 SF)
Zoning code
PUD
APN
034I A 008.00 000
UPID
US80-1219342
Jurisdiction
BRADLEY
Zoning & alternative use
PUD · Cleveland, TN
Zoning PUD · permitted uses
PUD · 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.
Building & site characteristics
From public records
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
3.01 ac
Current owner
From public records · entity-resolved
Cleveland 4312 Medical Properties L
Entity
Free & Clear · 5 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$15,936,905
Cleveland 4312 Medical Properties L
Cleveland Mob LLC
Special Warranty Deed
—
Jan 3, 2019
—
Cleveland Mob LLC
—
Loan Modification
related
$7,500,000 · Smartbank
Dec 11, 2018
$1,150,000
Cleveland Mob LLC
Hughes Living Trust
Trustees Deed
$1,150,000 · Smartbank
Nov 13, 2015
—
Hughes Living Trust
Hughes,dale R
Quit Claim Deed
related
—
Nov 13, 2015
$300,000
Dale R Hughes
Davis,k Lynn
Warranty Deed
—
Oct 15, 2014
—
Eugene Ellis
Ellis,larry G
Quit Claim Deed
related
—
Aug 22, 2014
—
Hughes Living Trust
Hughes,dale R
Quit Claim Deed
related
—
Oct 15, 2004
$400,000
K L Davis
Ellis,tom & Ruby J
Grant Deed
$200,000 · Tom & Ruby J Ellis
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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