950 Star Vue DrCleveland, TN 37311

Property Details for 950 Star Vue Dr

Year built

1995

Lot size

0.56 AC

Property size (Sq ft)

18,699 SF

Zone code

CH

Property type

Office properties

APN

049N A 015.00 000

APU

049NA01500000

Description

This exceptional 16,867 square foot, single-story Class B office building is situated on a 2-acre lot at 950 Star Vue Dr SW, Cleveland, TN 37311. Built in 1995, the property features two separate suites, currently vacant, offering significant flexibility for a variety of uses. The asking price is $1,850,000, translating to $109.68 per square foot. The building boasts ample parking, ideal for employees and clients. The layout includes a large central open area, complemented by perimeter offices and conference rooms in each suite. This presents a unique opportunity for a business requiring substantial space to accommodate a large workforce in a convenient location near downtown Cleveland. The property is offered as a modified lease, multi-tenant investment opportunity. The property's APN is 049N A 014/015/016. A virtual tour is available online. This is a for sale by owner listing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,954,920

  6.5%

  $3,650,696

  7%

  $3,389,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,045,880

  Geo Method

  $3,647,427

• Alternative Use

  Use

  Valuation

  Residential

  $4,526,862

  Hospitality

  $4,146,582

  Educational

  $3,449,907

  Medical

  $3,568,555

  Retail

  $5,366,522

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1603

Longitude

-84.8874

CBSA code

17420

CBSA name

CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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