Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Clarksville Land Parcel For Sale Title is generated by Realmo AI

    981 Professional Park Dr, Clarksville, TN 37040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.94 acre land parcel in Clarksville's medical submarket.

    Type:Land
    Property size:
    84,483 SF
    Added:
    Nov 26, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for 981 Professional Park Dr

    General Information

    Standard status
    Active
    Size
    84,483 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    David Bailey

    Listing agent David Bailey License #TN #357100

    Listing office LEE & ASSOCIATES NASHVILLE

    Listing date Nov 26, 2025

    Source Lee-associates

    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 LEE & ASSOCIATES NASHVILLE

    HighLights

    • On‑campus property primed for development in the medical hub of Clarksville.
    • Flexible C2 zoning allows for a variety of commercial and residential uses.
    • Flat lot ready for development.
    • 1.94 Acres.
    • Located in the medical submarket.
    • 5 minutes from I‑24.

    Overview

    This 1.94-acre parcel is located in the medical hub of Clarksville, offering flexible zoning for a variety of commercial and residential uses. The flat lot is primed for development and is situated on-campus, making it ideal for an owner/user looking to build their perfect building or a multi-tenant office building. The property is conveniently located just yards from the Tennova Healthcare hospital campus, 3 minutes from Governor's Square Mall, and 5 minutes from I-24. The C2 zoning allows for a long list of commercial uses and some residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.2714
    Latitude
    36.5767

    Nearby Similar for Sale

    • $2,850,000
      15,000 SF

      Landmark Office Building on Wilma Rudolph

      15,000 SF office building for sale or lease.
      2503 Wilma Rudolph Blvd, Clarksville, TN 37040
      View Details
    • $424,000
      3,542 SF

      Established Karaoke Bar with Amenities

      Popular karaoke bar with pool tables and entertainment spaces.
      2647 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $390,000
      3,300 SF

      Commercial Property Near Fort Campbell

      Commercial property with two buildings near Fort Campbell, Kentucky.
      103105 Eva Dr, Clarksville, TN 37042
      View Details
    • $1,410,000

      7 Brew Coffee Drive-Thru

      Single-tenant NNN investment property in high-traffic Clarksville, Tennessee.
      959 N Riverside Dr, Clarksville, TN 37040
      View Details
    • $329,000
      1,370 SF

      Versatile Commercial Property on Cumberland

      Commercial property with office, retail, and storage potential.
      846 Cumberland Dr, Clarksville, TN 37040
      View Details
    • $899,000

      Clarksville Investment Opportunity

      Profitable investment with minimal management effort in Clarksville, Tennessee.
      1348 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $1,250,000
      10,709 SF

      Clarksville Office Space for Sale

      Finished office space in Clarksville's Central Business District.
      107 N 3rd St, Clarksville, TN 37040
      View Details
    • $2,200,000
      4,122 SF

      Turn-Key Business with Expansion Land

      Two commercial buildings with expansion land and turn-key business.
      2037 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $750,000

      Prime Commercial Land Opportunity

      2.65-acre commercial lot with high visibility and access.
      539 Dover Rd, Clarksville, TN 37042
      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
    • $615,000
      3,750 SF

      Clarksville Triplex Investment Opportunity

      Triplex in high-demand area with garages and private patios.
      520 Patriot Park Ct, Clarksville, TN 37042
      View Details
    • $475,000

      Pad Ready Commercial Land

      Vacant commercial land with shared access to Highway 41A.
      3067 Highway 41A South, Clarksville, TN 37043
      View Details

    FAQs

    What type of property is this?
    Land - 1.94 acre land parcel in Clarksville's medical submarket.
    Where is this land located?
    The property is located at 981 Professional Park Dr Clarksville, TN.
    What are key features of this property?
    This property features: On‑campus property primed for development in the medical hub of Clarksville.; Flexible C2 zoning allows for a variety of commercial and residential uses.; Flat lot ready for development.
    (615) 866-1138
    We can help!
    Listing Contact
    David Bailey
    Real Estate License ID: TN #357100
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    981 Professional Park Dr, Clarksville, TN 37040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!