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Property profile & analytics
OFF-MARKET
Office Spaces
555 Ocoee St Cleveland, TN 37311-5093
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3424231
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,290 SF
Lot
0.54 ac (23,400 SF)
Zoning code
PI
APN
049M C 004.00 000
UPID
US80-3424231
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
-
Andrew Johnson Bank Bank Loan Service
-
WTNB-TV Television Studio Media Distribution
-
Z107.3 Radio Station Telecommunications Service
-
Cleveland Fire Department station 1 Fire Station
-
Cleveland Fire Chief Fire Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ntl Properties LLC · 2 yrs held
Ntl Properties LLC
since 2023
Last sale
$444,000
7 recorded transactions
Zoning & alternative use
PI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,720
Tax year 2023
Assessed value
$327,960
Assessed 2023
Previous assessed
$327,960
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$51,480
Assessed improvement
$276,480
Land market value
$128,700
Improvement market value
$691,200
Total market value
$819,900
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
23
Bathrooms
3
Total area
9,290 SF
Lot
0.54 ac (23,400 SF)
Zoning code
PI
APN
049M C 004.00 000
UPID
US80-3424231
Jurisdiction
BRADLEY
Zoning & alternative use
PI · Cleveland, TN
Zoning PI · permitted uses
PI · 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.
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
23
Bathrooms
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ntl Properties LLC
Entity
Mailing address
30 2ND ST NW, CLEVELAND, TN 37311-5009
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
$444,000
Ntl Properties LLC
Andrew Johnson Bank
Deed
$377,400 · Andrew Johnson Bank
Jun 5, 2014
$845,100
Andrew Johnson Bk
Ckt Properties
Warranty Deed
—
Apr 27, 2006
$710,000
Ckt Properties
Bradley Properties LLC
Deed
$730,000 · Greeneville Federal Bank Fsb
Jan 23, 1997
$263,826
Ocoee Properties
Unknown
Grant Deed
$70,500 · Union Planters National Bank
Dec 12, 1996
$263,826
Bradley Properties
Unknown
Grant Deed
$345,000 · First American National Bank
Jan 8, 1993
$263,826
Bradley Properties
Unknown,
Grant Deed
—
Dec 10, 1992
$263,826
Bradley Properties
Unknown
Grant Deed
—
Dec 20, 1990
$275,000
The Bradley Factor INC
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.
Try Rey
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