221 Dunbar Cave Road W, Clarksville, TN 37040

Building Details

Year Built 1999 More

Listed By: Vance Scruggs Show Phone

Source: Benchmarkrealtytn

Added: Nov 1 Changed: Nov 8 Last Checked: Nov 8 at 6:35AM

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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 Vance Scruggs

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Investment Insights

Based on property information with market context.

This Clarksville flex property contains 6,000 square feet, divided between 1,500 square feet of office space and 4,500 square feet of climate-controlled warehouse area. The office includes two restrooms; the warehouse has three rear grade-level roll-up doors. Additional pedestrian entrances support access apart from the loading doors, and shared parking is available at the front. The building was constructed in 1999.

Located at 221 Dunbar Cave Road W in Clarksville, the property brings office and conditioned warehouse space together in one facility.

Key Highlights

• 6,000 square feet total: 1,500 square feet of office and 4,500 square feet of warehouse
• Climate‑controlled warehouse space
• Three rear grade‑level roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,230

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,600 $704.6K

Cap Rate 7%

$503,286 $503.3K

Cap Rate 9%

$391,444 $391.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$54.0K $9.00/SF

− Vacancy

−$3.7K −$0.61/SF

EGI

$50.3K $8.39/SF

− OpEx

−$15.1K −$2.52/SF

NOI

$35.2K $5.87/SF

Area

Clarksville, TN

Vacancy

6.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,600

Cap Rate 7%

$503,286

Cap Rate 9%

$391,444

Alternative Uses

Best Use

Warehouse

$611.1K

$534.7K – $713.0K (±1% cap)

NOI $42,779 @ 7.0% cap · market cap 900.61%

Second Best

Flex RnD

$565.6K

$494.9K – $659.9K (±1% cap)

NOI $39,593 @ 7.0% cap · market cap 833.54%

Theoretical Best

Office A

$1.01M

$881.3K – $1.18M (±1% cap)

NOI $70,502 @ 7.0% cap · market cap 1,484.25%

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

Calvary Chapel Clarksville Church Apex Restoration DKI ... Construction Company

Suggested Use

Top Pick Restaurant Garden Center Food Market Bakery Hotel & Motel Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

602

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas share one property, with front parking and separate pedestrian access.

Where is this flex space located?

The property is located at 221 Dunbar Cave Road W Clarksville, TN.

What are key features of this property?

This property features: 6,000 square feet total: 1,500 square feet of office and 4,500 square feet of warehouse; Climate‑controlled warehouse space; Three rear grade‑level roll‑up doors