Property profile

4600 Lee Hwy Cleveland, TN 37312

OFF-MARKET
Grocery and convenience stores
Property ID
US80-1489576
4,182 SF 1 ac lot Built 1999
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1999
Total area 4,182 SF
Lot 1 ac (43,560 SF)
Zoning code CH
APN 034 057.09 000
UPID US80-1489576

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Grocery & Convenience Store
  • Gas Station
  • Grocery & Convenience Store
  • Bank Credit Union

Location

4600 Lee Hwy Cleveland, TN 37312-4041
Cleveland metro Census 11201 CLEVELAND, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
$610k
Comparable Approach Comparable
$721k
Blend (final) Blend
$385k

Owner & transaction history

since 2012
4 recorded transactions
2018
Price N/A
2017
Price N/A
2013
Price N/A
2012
$1.0M

Zoning & alternative use

CH · Cleveland, TN
Zoning description

CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as ame…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $615,000 +60.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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