Mixed-Use Property with Office
For Sale
$499,000
Pending
2425 Highway 41A Byp, Clarksville, TN 37043
The property includes offices, a waiting room, kitchen, and shared common area.
Property Size3,565 SF
Days on Market469
Property Features for 2425 Highway 41A Byp
General Information
Standard status
Pending
Size
3,565 SF
Total Parking Spaces
18
Property subtype
Multi Family
Zoning
C-5
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$2,315
Building Details
Year Built
1991
Listing Agency:
Byers & Harvey Inc.
(931) 278-3734
Listed By:
Fallon Wright · License #369847
(931) 278-3734
Source:
Exitrealty
Added: May 20, 2025
Changed: Aug 31
Last Checked: May 29 at 10:59AM
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 3,565-square-foot mixed-use property, built in 1991, contains five separate rooms or offices along with a waiting room and expansive common area. The interior also includes a kitchen, large mud room, storage room, and four full baths. A carport and approximately 18 existing parking spaces are included.
The property is located at 2425 Highway 41A Bypass in Clarksville, Tennessee. It was rezoned to C-5, with C-5 commercial zoning to the west and R-4 multifamily zoning to the east. The existing layout combines multiple enclosed rooms with shared support areas for a range of commercial configurations.
The property is located at 2425 Highway 41A Bypass in Clarksville, Tennessee. It was rezoned to C-5, with C-5 commercial zoning to the west and R-4 multifamily zoning to the east. The existing layout combines multiple enclosed rooms with shared support areas for a range of commercial configurations.
Key Highlights
- 3,565 SF mixed‑use property built in 1991
- Five separate rooms or offices plus a waiting room and large common area
- Four full baths, kitchen, mud room, storage room, and carport
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
$33,689
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
6.75%
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%
$673,780
$673.8K
Cap Rate 7%
$481,271
$481.3K
Cap Rate 9%
$374,322
$374.3K
Market Conditions
NOI Build-Up for 3,565 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
$59.9K $16.80/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$53.9K $15.12/SF
− OpEx
−$20.2K −$5.67/SF
NOI
$33.7K $9.45/SF
Area
Clarksville, TN
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
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%
$673,780
Cap Rate 7%
$481,271
Cap Rate 9%
$374,322
Alternative Uses
Best Use
Mixed Use
$481.3K
$421.1K – $561.5K
NOI $33,689 @ 7.0% cap · market cap 6.75%
Second Best
Office B
$467.5K
$409.1K – $545.5K
NOI $32,727 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$598.4K
$523.6K – $698.2K
NOI $41,890 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes offices, a waiting room, kitchen, and shared common area.
Where is this mixed-use property located?
The property is located at 2425 Highway 41A Byp Clarksville, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,565 SF mixed‑use property built in 1991; Five separate rooms or offices plus a waiting room and large common area; Four full baths, kitchen, mud room, storage room, and carport
