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Property profile & analytics
OFF-MARKET
Commercial land
Frazier Park NE Dr Cleveland, TN 37323
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-2354097
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Zoning code
IL
APN
050E F 011.00 000
UPID
US80-2354097
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
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
Carter Services LLC · 12 yrs held
Carter Services LLC
since 2014
7 recorded transactions
Zoning & alternative use
IL · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 Standar…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
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
$230
Tax year 2023
Assessed value
$16,000
Assessed 2023
Previous assessed
$16,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$16,000
Land market value
$40,000
Total market value
$40,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Zoning code
IL
APN
050E F 011.00 000
UPID
US80-2354097
Jurisdiction
BRADLEY
Zoning & alternative use
IL · Cleveland, TNZoning IL · permitted uses
IL · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Light Industrial
General category
INDUSTRIAL
Zone area
2,496.92 ac
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Carter Services LLC
Entity
Mailing address
PO BOX 16159, CHATTANOOGA, TN 37416-0159
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
—
Carter Services LLC
—
Deed
related
$318,750 · First Citizens Nat'l Bk
Jul 5, 2017
—
Carter Services LLC
—
Deed
related
$220,000 · Carter Heat & Air INC
Jan 9, 2017
—
Carter Services LLC
—
Deed
related
$100,000 · Atlantic Cap Bk
Feb 25, 2015
—
Carter Services LLC
—
Trustees Deed
related
$55,000 · Fsg Bank
Jul 9, 2014
$230,000
Carter Services LLC
Hiwasee Mechanical Contractors
Warranty Deed
$280,000 · Hiwassee Mechanical Contractor
Apr 5, 2010
—
Hiwassee Mechanical Contractor
—
Trustees Deed
related
$100,000 · First Tennessee Bank National
Jan 7, 2009
—
Hiwassee Mechanical Contractor
—
Trustees Deed
related
$99,900 · First Tennessee Bank National
Jun 28, 2006
$25,000
Hiwassee Mechanical Contractor
Casson,flavis L III JR
Grant Deed
—
—
—
Carter Services LLC
—
Deed Of Trust
related
$280,000 · Fsg Bank
—
—
Hiwassee Mechanical Contractor
—
Deed Of Trust
related
$335,000 · First Tennessee Bank National
—
—
Carter Services LLC
—
Loan Modification
related
$100,000 · Fsg Bank
—
—
Carter Services LLC
—
Loan Modification
related
$100,000 · Atlantic Cap Bk
—
—
Carter Services LLC
—
Deed Of Trust
related
$219,900 · Carter Heat & Air INC
—
—
Carter Services LLC
—
Deed Of Trust
related
$318,750 · First Citizens Nat'l Bk
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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