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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office Spaces
5005 Lee Hwy Cleveland, TN 37312-4516
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2315191
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
7,218 SF
Lot
5.32 ac (231,739 SF)
Zoning code
CH
APN
034F E 001.00 000
UPID
US80-2315191
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
-
Making Moves Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$875k
Owner & transaction history
Wounded Healers Ministries · 2 yrs held
Wounded Healers Ministries
since 2024
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
CH · 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,060,000
Current use
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (May 7 2024)
Last sale anchor
$875k
May 7 2024
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
$121 / 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
$5,944
Tax year 2023
Assessed value
$413,000
Assessed 2023
Previous assessed
$413,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$273,960
Assessed improvement
$139,040
Land market value
$684,900
Improvement market value
$347,600
Total market value
$1,032,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1980
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
12
Bathrooms
7
Total area
7,218 SF
Lot
5.32 ac (231,739 SF)
Zoning code
CH
APN
034F E 001.00 000
UPID
US80-2315191
Jurisdiction
BRADLEY
Zoning & alternative use
CH · Cleveland, TN
Zoning CH · permitted uses
CH · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1980
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
12
Bathrooms
7
Lot
5.32 ac
Current owner
From public records · entity-resolved
Wounded Healers Ministries
Individual
Mailing address
430 COVENANT DR, CLEVELAND, TN 37323-4444
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
$875,000
Wounded Healers Ministries
Thomas C Cate
Warranty Deed
$656,250 · Southeast Bank
Mar 21, 2024
—
Thomas C Cate
Church Of God Of Prophecy
Quit Claim Deed
related
—
Mar 21, 2024
$4,400,000
Thomas C Cate
Church Of God Of Prophecy
Limited Warranty Deed
$2,800,000 · Bank Of Cleveland
Mar 20, 2024
—
Of Church Of God Of Prophecy
John Pace
Quit Claim Deed
related
—
Jul 13, 2020
$300,000
Kile C Kim
Alvin Calhoun
Warranty Deed
$250,000 · Alvin Calhoun
Feb 15, 1994
$80,000
Ocoee Properties
Unknown
Grant Deed
—
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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