Vacant Storefront
For Sale
$1,395,000
211 Holiday Dr, Clarksville, TN 37040
Vacant multi-use commercial building near an interstate exit, hotels, retailers, restaurants, a regional mall, and a hospital.
Property Size7,752 SF
Lot Size0.95 Acres
Price / SF$179.95
Days on Market524
Property Features for 211 Holiday Dr
General Information
Standard status
Active
Size
7,752 SF
Lot size
0.95 Acres
Property subtype
Retail
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Byers & Harvey Inc.
(931) 320-0806
Listed By:
Jason Daugherty · License #280619
(931) 320-0806
Source:
Xome
Added: Mar 24, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:05PM
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 Byers & Harvey Inc.
Investment Insights
Based on property information with market context.
This vacant storefront property includes a 7,752-square-foot multi-use building constructed in 1990 on approximately 0.95 acres. The existing structure offers a basis for reuse, reconfiguration, or replacement, subject to applicable approvals and site requirements.
The property is positioned near Exit 4 and the Wilma Rudolph area in Clarksville, with nearby hotels, national retailers, restaurants, a regional mall, and a hospital. Its location near an interstate exit supports convenient access, while the source information also identifies opportunities for on-site signage. The address is 211 Holiday Dr, Clarksville, TN 37040.
The property is positioned near Exit 4 and the Wilma Rudolph area in Clarksville, with nearby hotels, national retailers, restaurants, a regional mall, and a hospital. Its location near an interstate exit supports convenient access, while the source information also identifies opportunities for on-site signage. The address is 211 Holiday Dr, Clarksville, TN 37040.
Key Highlights
- 7,752‑square‑foot multi‑use building
- Situated on a 0.95‑acre lot according to tax record
- Vacant property suitable for reuse, reconfiguration, or replacement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,475,280
$1.5M
Cap Rate 7%
$1,053,771
$1.1M
Cap Rate 9%
$819,600
$819.6K
Market Conditions
NOI Build-Up for 7,752 SF
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.
Gross rent
$111.6K $14.40/SF
− Vacancy
−$6.3K −$0.81/SF
EGI
$105.4K $13.59/SF
− OpEx
−$31.6K −$4.08/SF
NOI
$73.8K $9.52/SF
Area
Clarksville, TN
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,475,280
Cap Rate 7%
$1,053,771
Cap Rate 9%
$819,600
Alternative Uses
Best Use
Retail
$1.05M
$922.1K – $1.23M
NOI $73,764 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,089 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
415k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 15%
Apparel 14%
Hotels & Casinos 9%
Chick-fil-A
Dining
57,414 visits/mo
0.3 miles
Burlington
Apparel
46,592 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
40,000 visits/mo
0.5 miles
HomeGoods
Home Improvements & Furnishings
27,480 visits/mo
0.5 miles
McDonald's
Dining
27,018 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sam's Club Floral — 3315 Guthrie Hwy, Clarksville, TN 37040
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant multi-use commercial building near an interstate exit, hotels, retailers, restaurants, a regional mall, and a hospital.
Where is this storefront property located?
The property is located at 211 Holiday Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 7,752‑square‑foot multi‑use building; Situated on a 0.95‑acre lot according to tax record; Vacant property suitable for reuse, reconfiguration, or replacement
