Mixed-Use Property with Two
103-105 Eva Drive Clarksville, TN 37042
For Sale
$390,000
Two tenant-occupied buildings on a nearly half-acre lot, secured by fencing, offer mixed-use options in Clarksville.
Property Size3,300 SF
Lot Size0.46 Acres
Price / SF$118.18
Days on Market736
Property Features for 103-105 Eva Drive
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1975
Listing Agency:
Crye-Leike, Inc., REALTORS
(931) 801-8556
Listed By:
David D Greene · License #273888
(931) 801-8556
Source:
Compass
Added: Jul 18, 2024
Changed: Jul 23
Last Checked: Jul 23 at 4:43PM
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 Crye-Leike, Inc., REALTORS
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes two separate buildings on an almost half-acre lot, with security fencing in place. Building one was constructed in 1975 and contains 2,220 square feet. Building two was built in 1995 and provides 1,080 square feet. The property is currently tenant occupied, so all showings must be coordinated by appointment to respect tenant rights.
The site is located in North Clarksville near Fort Campbell Kentucky, within the area described in the public remarks.
With two buildings built in different years and totaling 3,300 square feet across the campus, the property presents multiple possibilities for buyers seeking a mixed-use site with existing tenancy. Please note the tenant-occupied status when planning access or tours.
The site is located in North Clarksville near Fort Campbell Kentucky, within the area described in the public remarks.
With two buildings built in different years and totaling 3,300 square feet across the campus, the property presents multiple possibilities for buyers seeking a mixed-use site with existing tenancy. Please note the tenant-occupied status when planning access or tours.
Key Highlights
- Two tenant‑occupied commercial buildings on a 0.46‑acre lot in North Clarksville
- Building 1 built in 1975 with 2,220 SF
- Building 2 built in 1995 with 1,080 SF
Financial Insights For Mixed Use
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 | $55.4k | $16.80 |
| − Vacancy | −$5.5k | −$1.68 |
| EGI | $49.9k | $15.12 |
| − OpEx | −$18.7k | −$5.67 |
| NOI | $31.2k | $9.45 |
3,300 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Two tenant-occupied buildings on a nearly half-acre lot, secured by fencing, offer mixed-use options in Clarksville.
Where is this mixed-use property located?
The property is located at 103-105 Eva Drive Clarksville, TN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two tenant‑occupied commercial buildings on a 0.46‑acre lot in North Clarksville; Building 1 built in 1975 with 2,220 SF; Building 2 built in 1995 with 1,080 SF
