Clarksville Office Building For
107 N 3rd St Clarksville, TN 37040
107 N 3rd St, Clarksville, TN, 37040
Contact for pricing
For Sale
Contact for pricing
Office building in Clarksville's Central Business District for sale.
Property Size10,709 SF
Price / SF$154.08
Days on Market743
Property Features for 107 N 3rd St
General Information
- Standard status
- Active
- Size
- 10,709 SF
- Property subtype
- Office
Listing agency
NAI Clarksville
Listed by
Wayne Wilkinson, CCIM · License #TN 204027
Source
Crexi
Added: Jul 11, 2024 Updated: Jul 6 at 8:02AM Checked: Jul 22 at 10:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Clarksville
Investment Insights
Based on property information with market context.
This office building is located in the heart of Clarksville's Central Business District. The property is within walking distance of government and legal offices, financial institutions, restaurants and entertainment. The property size is 10709 square feet.
Key Highlights
- Prime location in Clarksville's Central Business District
- Walking distance to government and legal offices
- Proximity to financial institutions
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.8k | $18.00 |
| − Vacancy | −$61.7k | −$5.76 |
| EGI | $131.1k | $12.24 |
| − OpEx | −$32.8k | −$3.06 |
| NOI | $98.3k | $9.18 |
10,709 SF · lease $18.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,309 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,835 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harvill Ross PLLC
Law Firm
Hogan Cleo G
Law Firm
Dale Michael W
Law Firm
Ross R Mitchell
Law Firm
Rudolph Ross Fendley ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building in Clarksville's Central Business District for sale.
Where is this office building located?
The property is located at 107 N 3rd St Clarksville, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location in Clarksville's Central Business District; Walking distance to government and legal offices; Proximity to financial institutions
