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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Auto shops
550 1st NW St Cleveland, TN 37311-1761
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-2507925
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2022
Construction
WOOD
Total area
6,336 SF
Lot
0.54 ac (23,562 SF)
Zoning code
MU
APN
049N E 010.00 000
UPID
US80-2507925
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
-
Mullinax Lincoln Automotive Parts Auto Parts Store
-
Mullinax Lincoln Automotive Service Car Rental Facility
-
Two Brothers Tire and Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$580k
Owner & transaction history
Two Brothers Investments · 2 yrs held
Two Brothers Investments
since 2023
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
MU · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$695,000
+54.4%
Retail stores
$470,000
+4.7%
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
$490,000
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$450,000
Current use
COMMERCIAL (GENERAL)
$695,000
Change: +54% · Conversion: Moderate
RETAIL STORES
$470,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $550k (Dec 26 2023)
Last sale anchor
$550k
Dec 26 2023
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
$92 / 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
$4,233
Tax year 2023
Assessed value
$294,120
Assessed 2023
Previous assessed
$64,640
+355.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$61,800
Assessed improvement
$232,320
Land market value
$154,500
Improvement market value
$580,800
Total market value
$735,300
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Stories
1
Total area
6,336 SF
Lot
0.54 ac (23,562 SF)
Zoning code
MU
APN
049N E 010.00 000
UPID
US80-2507925
Jurisdiction
BRADLEY
Zoning & alternative use
MU · Cleveland, TN
Zoning MU · permitted uses
MU · 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
AUTO REPAIR, GARAGE Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$425,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2022
Construction
WOOD
Heating
YES
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Two Brothers Investments
Entity
Free & Clear · 2 yrs held
Mailing address
550 1ST ST NW, CLEVELAND, TN 37311-1761
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Two Brothers Investments
Two Brothers Tire And Automotive In
Intrafamily Transfer
related
—
Jan 28, 2021
$550,000
Two Brothers Tire And Automotiv INC
Gina S Fletche
Warranty Deed
$467,500 · Capstar 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.
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