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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
631 Mimosa NW Dr Cleveland, TN 37312-3939
Entity Owned
24-yr Hold
Free & Clear
Property ID
US80-1291244
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
FRAME
Total area
14,185 SF
Lot
0.68 ac (29,538 SF)
Zoning code
MU
APN
042A C 015.00 000
UPID
US80-1291244
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
-
CA Technologies USA Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$700k
Owner & transaction history
Shamrock Leasing Group · 24 yrs held
Shamrock Leasing Group
since 2002
2 recorded transactions
Zoning & alternative use
MU · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2.13 MU District (Mixed Use). 2.13.1 Uses allowed. The MU (Mixed Use) District includes the following uses: A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Indu…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
348.35 ac
Top alternative use upside
Auto repair, garage
$1.1M
+57.4%
Warehouse, storage
$755,000
+11.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$675,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$755,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$49 / 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
$2,306
Tax year 2023
Assessed value
$160,200
Assessed 2023
Previous assessed
$160,200
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$52,080
Assessed improvement
$108,120
Land market value
$130,200
Improvement market value
$270,300
Total market value
$400,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
2
Rooms
1
Bathrooms
3
Total area
14,185 SF
Lot
0.68 ac (29,538 SF)
Zoning code
MU
APN
042A C 015.00 000
UPID
US80-1291244
Jurisdiction
BRADLEY
Zoning & alternative use
MU · Cleveland, TNZoning MU · permitted uses
MU · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2.13 MU District (Mixed Use). 2.13.1 Uses allowed. The MU (Mixed Use) District includes the following uses: A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
Mixed Use
General category
MIXED_USE
Zone area
348.35 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$755,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1979
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Rooms
1
Bathrooms
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Shamrock Leasing Group
Entity
Free & Clear · 24 yrs held
Mailing address
631 MIMOSA DR NW, CLEVELAND, TN 37312-3939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Aug 5, 2002
$350,000
Shamrock Leasing Group
Shelton,thomas E
Grant Deed
—
—
—
Shambrock Leasing Group LLC
—
Deed Of Trust
related
$224,000 · United Community 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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