Restaurant
For Sale
Contact for pricing
1955 Madison St, Clarksville, TN 37043
The premises accommodate restaurant use, with certain business restrictions applying.
Property Size2,400 SF
Price / SF$1.21
Days on Market29
Property Features for 1955 Madison St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Building Details
Year Built
1973
Listing Agency:
Clarksville Property Management
Listed By:
C. Todd Little · License #284731
(931) 538-1130
Source:
Movehomenashville
Added: Oct 2
Changed: Oct 29
Last Checked: Oct 29 at 2:54PM
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 Clarksville Property Management
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Investment Insights
Based on property information with market context.
A 2,400-square-foot restaurant premises is available for lease. The building dates to 1973, and some business activities are subject to restrictions documented in the attached materials.
Key Highlights
- 2,400 square feet of restaurant space
- Building constructed in 1973
- Business restrictions apply; details are included in the attached materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,160
$530.2K
Cap Rate 7%
$378,686
$378.7K
Cap Rate 9%
$294,533
$294.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.4K $15.60/SF
− Vacancy
−$2.1K −$0.87/SF
EGI
$35.3K $14.73/SF
− OpEx
−$8.8K −$3.68/SF
NOI
$26.5K $11.04/SF
Area
Clarksville, TN
Vacancy
5.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,160
Cap Rate 7%
$378,686
Cap Rate 9%
$294,533
Alternative Uses
Best Use
Specialty Retail
$378.7K
$331.4K – $441.8K
NOI $26,508 @ 7.0% cap · market cap 914.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 972.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 20%
Groceries 11%
Apparel 9%
McDonald's
Dining
22,029 visits/mo
0.1 miles
Dollar General Market
Groceries
12,305 visits/mo
0.0 miles
Dutch Bros. Coffee
Dining
12,044 visits/mo
0.3 miles
Goodwill
Apparel
10,430 visits/mo
0.0 miles
Hardee's
Dining
10,010 visits/mo
0.1 miles
Demographics for 37043, TN
52,792
Population
22,221
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
97%
High-School Grad
108.5 sq mi
ZIP Area
487
Density / Sq Mi
$91,871
Median Household Income
$46,602
Median Earnings
$1,208
Median Rent
$325,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The premises accommodate restaurant use, with certain business restrictions applying.
Where is this conventional restaurant located?
The property is located at 1955 Madison St Clarksville, TN.
What are key features of this property?
This property features: 2,400 square feet of restaurant space; Building constructed in 1973; Business restrictions apply; details are included in the attached materials
