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Property profile & analytics
OFF-MARKET
Commercial land
Spring Place Rd Se Cleveland, TN 37323
Individually Owned
Property ID
US80-0878828
Property summary
AI-generated overview
Calling all investors! Perc test now available. Don't miss out on an opportunity to own a strategically located 3.3 acre lot, zoned C2, situated at the busy intersection of State Route 74 (Spring Place Road) and State Route 313 (Ladd Springs Road) in Cleveland, TN. This high-visibility property offe ... rs great potential for a variety of commercial uses! The lot is surveyed, perc test complete, and site plans are available streamlining your development process. With the prime location in SE Bradley County and C2 zoning, it's ideal for retail, office space, or mixed-use development. Call your favorite Realtor today to schedule your showing!
Property profile
Verified
Property type
Commercial land
UPID
US80-0878828
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
Willard E Lewis JR
Willard E Lewis JR
since 2025
7 recorded transactions
Zoning & alternative use
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
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
Status
Off-Market
UPID
US80-0878828
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
Willard E Lewis JR
Individual
Ownership since
2025
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
Dec 12, 2025
—
Willard E Lewis JR
Willard E Lewis JR
Deed
related
—
Dec 8, 2025
$670,000
Hayden Hall
Foresite Development LLC
Warranty Deed
—
Aug 15, 2025
—
Andre Hnatyszak
A Hnatyszak Management Corp
Quitclaim Deed
related
—
Jul 22, 2025
—
Jason Edward Parker
Jason Parker
Deed
related
—
Mar 28, 2025
$300,000
Carlos Ayala
Douglas A Jones
Warranty Deed
$189,000 · Tennessee Valley FCU
Dec 21, 2023
—
Kane Ogle Taylor
Jasper Lee Ogle
Deed
related
—
Sep 7, 2023
—
Thomas A Baggenstoss
—
Deed
related
$418,390 · Tower Community Bank
May 17, 2023
$1,400,000
K Holdings LLC
Scotty Lee Rymer
Warranty Deed
$1,190,000 · Andrew Johnson Bank
May 10, 2023
$100,700
Tyler James Aquillard
Jason Parker
Warranty Deed
$75,525 · Bank Of Cleveland
Aug 11, 2021
—
Scotty Lee Rymer
April Rymer
Deed
related
—
Jan 11, 2018
—
Chester R Moore
—
Deed
related
$108,708 · First Volunteer Bank
Jul 28, 2017
—
Scott Rymer
—
Deed
related
$577,657 · First Bk/tn
Mar 6, 2017
$95,000
Lawrence T Mazzer
Cooper,lyman & Carolyn
Warranty Deed
$80,000 · Farm Credit Svcs
Feb 21, 2017
—
Christopher Palmer
—
Deed
related
$120,590 · Pinnacle 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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