Office Building Near
For Sale
$6,600,000
980 Professional Park Dr, Clarksville, TN 37040
Office property positioned within Clarksville’s Medical District near Vanderbilt Clarksville Hospital.
Property Size24,240 SF
Days on Market19
Property Features for 980 Professional Park Dr
General Information
Standard status
Active
Size
24,240 SF
Class
A
Property subtype
Office
Building Details
Building Size
24,240 SF
Year Built
2010
Listing Agency:
NAI Clarksville
Listed By:
Wayne Wilkinson, CCIM · License #204027
(931) 249-4700
Source:
Naiglobal
Added: Sep 20
Last Checked: Oct 7 at 9:21AM
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 was constructed in 2010 and is located at 980 Professional Park Dr in Clarksville, Tennessee. The property is situated within Clarksville’s Medical District and near Vanderbilt Clarksville Hospital.
Key Highlights
- Constructed in 2010
- Located in Clarksville’s Medical District
- Near Vanderbilt Clarksville Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,523
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,450,460
$4.5M
Cap Rate 7%
$3,178,900
$3.2M
Cap Rate 9%
$2,472,478
$2.5M
Market Conditions
NOI Build-Up for 24,240 SF
Gross rent
$436.3K $18.00/SF
− Vacancy
−$139.6K −$5.76/SF
EGI
$296.7K $12.24/SF
− OpEx
−$74.2K −$3.06/SF
NOI
$222.5K $9.18/SF
Area
Clarksville, TN
Vacancy
32.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,450,460
Cap Rate 7%
$3,178,900
Cap Rate 9%
$2,472,478
Alternative Uses
Best Use
Office B
$3.18M
$2.78M – $3.71M
NOI $222,523 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,830 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property positioned within Clarksville’s Medical District near Vanderbilt Clarksville Hospital.
Where is this office building located?
The property is located at 980 Professional Park Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: Constructed in 2010; Located in Clarksville’s Medical District; Near Vanderbilt Clarksville Hospital
