Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    103 South 3Rd St Clarksville, TN 37040

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    Commercial lot with footers in Clarksville, Tennessee.

    We can help!

    Listing Contact
    Wayne Wilkinson, Ccim
    Source: Naiglobal

    Listing Agent: Wayne Wilkinson, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot Near Courts Complex

    This commercial lot, located at 103 South Third Street in Clarksville, Tennessee, is available for sale. The lot measures 32.54 feet by 117.70 feet. Footers have already been poured for a planned 3-story office building. The property is located directly across from the Montgomery County Courts Complex and is within walking distance to City and County Government Offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.357533
    Latitude
    36.527676

    Nearby Similar for Sale

    • $3,685,000
      6,116 SF

      Clarksville Retail Property For Sale

      NNN leased retail property in a growing Tennessee city.
      1005 Winn Way, Clarksville, TN
      View Details
    • $5,500,000
      10,031 SF

      Retail Shops Near Governor's Square

      Retail property near a large mall in a growing area.
      3031 Wilma Rudolph Blvd, Clarksville, TN 37040
      View Details
    • $4,773,489
      5,915 SF

      New Construction Wawa For Sale

      Recently completed Wawa with long-term lease and strong demographics.
      Parkway Pl, Clarksville, TN 37042
      View Details
    • $2,289,904
      2,200 SF

      KFC NNN Investment Opportunity

      NNN leased KFC with annual rent increases in Clarksville, TN.
      2725 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $549,950
      2,604 SF

      Fort Campbell Blvd Investment Opportunity

      Commercial property on Fort Campbell Blvd, ideal for various businesses.
      2030 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $3,960,000
      10,000 SF

      Corporate Net Lease Retail Property

      Corporate guaranteed retail property with annual rental increases for sale.
      101 Ringgold Rd, Clarksville, TN 37042
      View Details
    • $1,050,000

      Income-Producing Multifamily Investment Opportunity

      Eight-unit multifamily property with recent renovations and income potential.
      470 Martha Ln, Clarksville, TN 37043
      View Details
    • $2,813,000
      950 SF

      New Dutch Bros Coffee ForSale

      Newly built Dutch Bros in Clarksville, TN for sale.
      2310 Trenton Rd, Clarksville, TN 37040
      View Details
    • $1,250,000
      10,709 SF

      Finished Office Space in Clarksville

      10,709 SF office space in Clarksville's Central Business District.
      107 N 3Rd St, Clarksville, TN 37040
      View Details
    • $11,190,000

      High-Volume Retail Center For Sale

      Retail center anchored by high-volume Walmart in Clarksville, Tennessee.
      2323 Madison St, Clarksville, TN 37043
      View Details
    • $350,000
      912 SF

      Professional Office Building For Sale

      912 SF office building with reception, offices, kitchen.
      1662 Golf Club Ln, Clarksville, TN 37043
      View Details
    • $159,900
      1,080 SF

      Rossview Townhome: Investment or Starter

      Two-bedroom townhome in Rossview school district, ideal for investment.
      284 Raleigh Dr, Clarksville, TN 37043
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with footers in Clarksville, Tennessee.
    Where is this commercial land located?
    The property is located at 103 South 3Rd St Clarksville, TN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Commercial Lot for Sale; - Directly across from Montgomery County Courts Complex; - Footers have been poured for 3-story office building
    (931) 249-4700
    Request Owner's contact information
    103 South 3Rd St Clarksville, TN 37040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 South 3Rd St
    Clarksville, TN 37040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 South 3Rd St Clarksville, TN 37040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wayne Wilkinson, Ccim
    (931) 249-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.