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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Warehouses
481 Kile SW Ln Cleveland, TN 37311-8274
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0547431
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,000 SF
Lot
5 ac (217,800 SF)
Zoning code
IL
APN
057 015.06 000
UPID
US80-0547431
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
-
International Furniture Supplies Big Box & Wholesale Store Furniture & Home Goods
-
Revolve Pickleball Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.09M
Owner & transaction history
Cpc Ventures LLC · 3 yrs held
Cpc Ventures LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+11.1%
Auto repair, garage
$3.2M
+6.1%
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
$1,860,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,010,000
Current use
RETAIL STORES
$3,345,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,195,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $2.08M (Nov 16 2022)
Last sale anchor
$2.08M
Nov 16 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
$46 / 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
$5,858
Tax year 2023
Assessed value
$407,040
Assessed 2023
Previous assessed
$407,040
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$96,880
Assessed improvement
$310,160
Land market value
$242,200
Improvement market value
$775,400
Total market value
$1,017,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
45,000 SF
Lot
5 ac (217,800 SF)
Zoning code
IL
APN
057 015.06 000
UPID
US80-0547431
Jurisdiction
BRADLEY
Zoning & alternative use
IL · Cleveland, TN
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$3.0M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
5 ac
Current owner
From public records · entity-resolved
Cpc Ventures LLC
Entity
Mailing address
8249 GEORGETOWN BAY DR, OOLTEWAH, TN 37363-9585
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2022
$2,080,000
Cpc Ventures LLC
Cf Commercial Holdings LLC
Warranty Deed
—
Mar 1, 2021
—
Cf Commercial Holdings LLC
—
Deed
related
$500,000 · Smartbank
Oct 2, 2007
—
Cf Commercial Holdings LLC
—
Trustees Deed
related
$300,000 · Athens Fed'l Community Bank
Aug 22, 2005
—
Cf Commercial Holdings LLC
Frees,charles T
Quit Claim Deed
$128,000 · Southern Heritage Bank
Dec 2, 1999
—
Charles Frees
Frees,kandi
Quit Claim Deed
related
—
Jul 16, 1996
$713,000
Charles T Frees
Williams,bob
Grant Deed
$610,000 · Suntrust Bank NA
—
—
Cf Commercial Holdings LLC
—
Deed Of Trust
related
$550,000 · Athens Fed'l Community Bank
—
—
Charles T Frees
—
Deed Of Trust
related
$150,000 · Southern Heritage 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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