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Property profile & analytics
OFF-MARKET Estimated value $625,000
Warehouses

5375 Lee Hwy Cleveland, TN 37312-4523

9,709 SF 1.43 ac lot Built 1954
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-1964324
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,709 SF
Lot 1.43 ac (62,291 SF)
Zoning code CH
APN 034E A 003.00 000
UPID US80-1964324
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
  • Cleveland Storage Center Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$745k
Blend (final) Blend
$625k
Owner & transaction history
Velma S Cartwright · 8 yrs held
Velma S Cartwright
since 2018
5 recorded transactions
2018
$201,500
2014
$215,000
2010
$600,000
2004
$650,000
2002
Price N/A
Zoning & alternative use
CH · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 amended by Ord. 2022-29, August 2022) 2.12 CBD District (Central Business District) (as amended by Ord. 2021- 13, May 2021) Intent, Goals, and…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 2,274.79 ac
Top alternative use upside
Retail stores $890,000 +71.7%
Auto repair, garage $730,000 +40.8%
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