Modern Retail Building with Glass
For Sale
$1,600,000
2500 Highway 41A Byp SW, Clarksville, TN 37043
Newer retail building with stone accents and a glass front on a main corridor with convenient parking access.
Property Size4,980 SF
Lot Size0.89 Acres
Price / SF$321.29
Days on Market121
Property Features for 2500 Highway 41A Byp SW
General Information
Standard status
Active
Size
4,980 SF
Total Parking Spaces
30
Lot size
0.89 Acres
Property subtype
Commercial
Zoning
C5
Additional Details
Traffic Count
22,000 vehicles/day
Building Details
Building Size
4,980 SF
Year Built
2017
Listing Agency:
Reliant Realty ERA Powered
(931) 237-1877
Listed By:
Suzanne (Suzan) Ping
(931) 237-1877
Source:
Firstrealty
Added: Apr 25
Changed: Aug 23
Last Checked: Aug 22 at 1:05PM
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 Reliant Realty ERA Powered
Investment Insights
Based on property information with market context.
This newer, modern retail building features stone accents and a glass front positioned off a main corridor. The property offers easy customer access with 30 parking spots, along with Hand-i-Cap accessibility, three bathrooms, and two water fountains. For services and operations, there are three separate utility meters in place, including 2 gas and 2 water meters, and four roof-mounted air conditioning and heat units supporting flexible multi-tenant or owner-user configurations.
The building is located on the 41A Bypass in a high-traffic corridor with approximately 22,000 vehicles per day (AADT, TDOT). Zoned C-5 Highway Commercial, the site allows retail, restaurant, office, and service-based businesses, with additional commercial uses permitted under C-5 zoning. It sits on approximately 0.89 acres, and is across the street from Appleton Harley-Davidson; interstate 24 access is about 3 miles away.
The building has been leased for nine years, with the current tenant having outgrown the space.
The building is located on the 41A Bypass in a high-traffic corridor with approximately 22,000 vehicles per day (AADT, TDOT). Zoned C-5 Highway Commercial, the site allows retail, restaurant, office, and service-based businesses, with additional commercial uses permitted under C-5 zoning. It sits on approximately 0.89 acres, and is across the street from Appleton Harley-Davidson; interstate 24 access is about 3 miles away.
The building has been leased for nine years, with the current tenant having outgrown the space.
Key Highlights
- High‑visibility 4,980 SF newer commercial building with stone accents and a glass front on the 41A Bypass corridor
- Approx. 22,000 vehicles per day (AADT/TDOT) along 41A Bypass
- Zoned C‑5 Highway Commercial, permitting retail, restaurant, office, and service‑based business uses
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
$47,387
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
2.96%
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%
$947,740
$947.7K
Cap Rate 7%
$676,957
$677.0K
Cap Rate 9%
$526,522
$526.5K
Market Conditions
NOI Build-Up for 4,980 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
$71.7K $14.40/SF
− Vacancy
−$4.0K −$0.81/SF
EGI
$67.7K $13.59/SF
− OpEx
−$20.3K −$4.08/SF
NOI
$47.4K $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%
$947,740
Cap Rate 7%
$676,957
Cap Rate 9%
$526,522
Alternative Uses
Best Use
Retail
$677.0K
$592.3K – $789.8K
NOI $47,387 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.0K
$731.5K – $975.3K
NOI $58,517 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
191k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Apparel 32%
Shops & Services 6%
Marshalls
Apparel
37,649 visits/mo
0.4 miles
Wendy's
Dining
19,909 visits/mo
0.5 miles
Starbucks
Dining
18,814 visits/mo
0.4 miles
Taco Bell
Dining
13,684 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
12,407 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newer retail building with stone accents and a glass front on a main corridor with convenient parking access.
Where is this retail space located?
The property is located at 2500 Highway 41A Byp SW Clarksville, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High‑visibility 4,980 SF newer commercial building with stone accents and a glass front on the 41A Bypass corridor; Approx. 22,000 vehicles per day (AADT/TDOT) along 41A Bypass; Zoned C‑5 Highway Commercial, permitting retail, restaurant, office, and service‑based business uses
