Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    70 Ocoee St Cleveland, TN 37311-5064

    • Office Properties & Spaces
    • 3,910 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jul 11, 2024
    $350,000
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0706087
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dietrich & Dietrich / Attorney

    Property Details for 70 Ocoee St

    Year built
    1850
    Lot size
    0.06 lot acres
    Property size
    3,910 SF
    Zone code
    CBD
    Property type
    Office Properties & Spaces
    APN
    049M Y 005.00 000
    APU
    049MY00500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $350,000
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $267,000
      Market price range: $179k - $842k
      AI Estimate
      $230,000
      Market price range: $178k - $621k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8754
    Latitude
    35.1596
    CBSA code
    17420
    CBSA name
    CLEVELAND, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $965
    $6,880
    $60,200
    $67,080
    -
    $17,200
    $150,500
    $167,700

    Comparable in this City

    • Value Estimation
      $295,000
      2,450 SF

      1215 Spg Pl SE Rd

      OFFICE (GENERAL) • 2,450 SF
      1215 Spg Pl SE Rd, Cleveland, TN 37311-7093
      View Details
    • Value Estimation
      $390,000
      2,942 SF

      597 Church NE St

      OFFICE (GENERAL) • 2,942 SF
      597 Church NE St, Cleveland, TN 37311-2275
      View Details
    • Value Estimation
      $250,000
      1,420 SF

      75 2nd NE St

      OFFICE (GENERAL) • 1,420 SF
      75 2nd NE St, Cleveland, TN 37311-5308
      View Details
    • Value Estimation by Request
      1,420 SF

      640 King Edward Ave

      Office Properties & Spaces • 1,420 SF
      640 King Edward Ave, Cleveland, TN 37311
      View Details
    • Value Estimation
      $305,000
      780 SF

      Randolph SW Dr

      OFFICE (GENERAL) • 780 SF
      Randolph SW Dr, Cleveland, TN 37311
      View Details
    • Value Estimation
      $280,000
      374 SF

      220 Dooley SE St

      OFFICE (GENERAL) • 374 SF
      220 Dooley SE St, Cleveland, TN 37311-6219
      View Details

    Similar Nearby for Sale

    • $1,500,000
      384 SF

      Corner Lot Investment Opportunity

      High-traffic corner lot with income potential in Cleveland, TN.
      402 Inman St W, Cleveland, TN 37311
      View Details
    • $1,700,000
      11,762 SF

      Downtown Cleveland Professional Building For Sale

      Prime downtown Cleveland location with mixed-use zoning and high potential.
      476 1St St NW, Cleveland, TN 37311
      View Details
    • New
      $294,000
      1,200 SF

      Downtown Commercial Building For Sale

      Prime commercial building in high-traffic downtown location, move-in ready.
      463 Central Ave NW, Cleveland, TN 37311
      View Details
    • $275,000
      2.00 Acres

      Prime Cleveland Commercial Land

      2-Acre Commercial Lot, Ready to Build
      2200 Blue Springs Rd, Cleveland, TN 37311
      View Details
    • $325,000
      6.99 Acres

      Residential Land in Cleveland, TN

      6.99-acre property suitable for single or multi-family development.
      1 Eldridge Ln SW, Cleveland, TN 37311
      View Details
    • $40,000
      0.46 Acres

      Residential Lot with Mountain Views

      Residential lot in Cobblestone Ridge with mountain views.
      Cobblestone Rdg SW, Cleveland, TN 37311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,845 SF

      Executive Office & Warehouse Space

      Bradley County industrial space for lease. Multiple units available.
      470 4Th St, Cleveland, TN 37311
      View Details
    • $3,750 /Mo
      2,240 SF

      Cleveland Office Space For Lease

      2240 sq ft office space available for lease in Cleveland.
      2703 Ralph Buckner Blvd NE, Cleveland, TN 37311
      View Details
    • $12 SF/Yr
      22,000 SF

      Cleveland TN Office Space for Lease

      Prime Office Space, Flexible Lease Terms
      201 Keith St, Cleveland, TN 37311
      View Details
    • $12 SF/Yr
      2,000 SF

      Divisible Office Space Available

      Office space for rent, divisible to 2,000 square feet.
      201-225 Keith St SW, Cleveland, TN 37311
      View Details
    • $75,000
      1 SF

      Land for Lease on Georgetown

      Pad site available for ground lease in growing area.
      Georgetown Rd NW, Cleveland, TN 37311
      View Details
    • $2,265 /Mo
      5,436 SF

      Industrial Space in Cleveland, TN

      Industrial property available for lease in Cleveland, Tennessee.
      2125 Northeast Rd SE, Cleveland, TN 37311
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70 Ocoee St
    Cleveland, TN 37311-5064
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.