Cleveland, TN
Commercial Real Estate Market Trends & Data

$159 Avg asking sale price
$22 Avg asking lease rate
27,909 SF Avg unit lease size
39,446 SF Avg building size for sale
6.90% Average cap rate

Cleveland's Demographic Profile

Cleveland has 19,341 households and a median income of $49,338, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 48,946
# Households 19,341
Median age 38
Median household income $49,338
Avg household size 2.0
Renter-occupied housing units 10,153
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cleveland, TN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cleveland $215 10,484 SF 6.95%
Hixson $229 8,205 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Cleveland $264 6,569 SF
Ooltewah $155 9,324 SF
Georgetown $146 4,800 SF
Old Fort $108 9,125 SF
Harrison $152 3,130 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Harrison $137 2,480 SF 7.34%
Chattanooga $404 10,443 SF 7.34%

Commercial Properties For Sale in Cleveland

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Firestone Complete Auto Care - TN

Cleveland, TN 37312

  • 6,222 SF Retail Building
  • 4.75% Cap Rate
  • $3,386,737
For Sale

Best Western Plus Magnolia Inn & Suites

Cleveland, TN 37312

  • 51,623 SF Hospitality
  • $7,200,000
For Sale

355 1st St NW

Cleveland, TN 37311

  • 8,944 SF Office Building
  • $1,300,000
For Sale

270 Central Ave. NW Cleveland, Tennessee 3731

Cleveland, TN 37311

  • 4,095 SF Retail Building
  • $375,000
For Sale

940 S Ocoee St

Cleveland, TN 37311

  • 21,738 SF Office Building
  • $2,750,000
For Sale

4025 Georgetown Road

Cleveland, TN 37312

  • 5.76 AC Lot
  • 1 Commercial Lot
  • $2,575,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Single Tenant Triple Net Lease Investing
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Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
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Compare financing options, management requirements, and risk factors across 2-4 unit properties to choose the right investment for your goals
Land Entitlement
Land Entitlement
Identifying Risks and Mitigation Strategies for Unentitled Land
Land Loan Calculator
Land Loan Calculator
Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.
Multifamily Financing Options & Rates
Multifamily Financing Options & Rates
A comprehensive overview of multifamily loan programs, current market rates, and essential requirements for successful financing in today's market
What are Reciprocal Easement Agreements in CRE?
What are Reciprocal Easement Agreements in CRE?
REAs In Commercial Real Estate Generally Apply to Retail, Office and Mixed-Use Projects

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cleveland pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cleveland $159 39,446 SF
Ooltewah $155 9,324 SF
Georgetown $146 4,800 SF

Regional Demographic Comparison

This comparison places Cleveland alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cleveland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Cleveland 48,946 19,341 38 $49,338 2 10,153 5%
Mc Donald 5,046 1,930 47 $74,365 3 415 6%
Ooltewah 10,312 3,749 39 $69,184 3 1,692 7%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cleveland, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cleveland

View All Commercial Real Estate For Sale in Cleveland
Is Cleveland a good market for a first-time commercial real estate investor?

Cleveland offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cleveland?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cleveland. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cleveland?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cleveland. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cleveland compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cleveland. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cleveland acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cleveland, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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