Retail Storefront For
For Sale
$1,175,000
301 College St, Clarksville, TN 37040
Prominent retail storefront available for sale at a signalized intersection in Clarksville, Tennessee.
Property Size8,000 SF
Days on Market99
Property Features for 301 College St
General Information
Standard status
Active
Size
8,000 SF
Zoning
C-2
Building Details
Building Size
8,000 SF
Year Built
1979
Listing Agency:
Byers & Harvey, Inc.
Listed By:
Todd Harvey · License #212305
(931) 624-5320
Source:
Evrealestate
Added: May 29
Changed: Sep 2
Last Checked: Sep 4 at 3:23AM
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 listing offers a retail storefront opportunity for sale at 301 College St. The property is marketed as a storefront retail asset within a commercial real estate setting, positioned for customers who are looking for an accessible, street-facing location.
The site is identified by directions to the intersection of Third & College, with the property address located in Clarksville, TN 37040. The description places the property at a notable cross-street position in Montgomery County, supporting walk-up and pass-by visibility typical of retail storefronts at busy intersections.
For buyers and operators, a storefront like this is often suited to businesses that benefit from direct access to passing traffic and straightforward customer approach. Because the offering is presented as a retail storefront without additional build-out specifications provided here, due diligence on the interior layout and condition will be important for confirming suitability for a particular concept, showroom format, or service use.
The site is identified by directions to the intersection of Third & College, with the property address located in Clarksville, TN 37040. The description places the property at a notable cross-street position in Montgomery County, supporting walk-up and pass-by visibility typical of retail storefronts at busy intersections.
For buyers and operators, a storefront like this is often suited to businesses that benefit from direct access to passing traffic and straightforward customer approach. Because the offering is presented as a retail storefront without additional build-out specifications provided here, due diligence on the interior layout and condition will be important for confirming suitability for a particular concept, showroom format, or service use.
Key Highlights
- Retail storefront for sale at a signalized intersection in Clarksville, Tennessee
- Located at the intersection of Third & College
- Year built: 1979
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
$76,124
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
6.48%
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%
$1,522,480
$1.5M
Cap Rate 7%
$1,087,486
$1.1M
Cap Rate 9%
$845,822
$845.8K
Market Conditions
NOI Build-Up for 8,000 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
$115.2K $14.40/SF
− Vacancy
−$6.5K −$0.81/SF
EGI
$108.7K $13.59/SF
− OpEx
−$32.6K −$4.08/SF
NOI
$76.1K $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%
$1,522,480
Cap Rate 7%
$1,087,486
Cap Rate 9%
$845,822
Alternative Uses
Best Use
Retail
$1.09M
$951.6K – $1.27M
NOI $76,124 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,003 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Hotels & Casinos 24%
Dining 13%
Home Improvements & Furnishings 5%
Dollar General
Shops & Services
5,209 visits/mo
0.5 miles
DoubleTree by Hilton
Hotels & Casinos
4,059 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
2,343 visits/mo
0.4 miles
SUBWAY
Dining
2,157 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,908 visits/mo
0.0 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
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- American Flowergift — 207 N Riverside Dr Ste B, Clarksville, TN 37040
Frequently Asked Questions
What type of property is this?
Storefront property - Prominent retail storefront available for sale at a signalized intersection in Clarksville, Tennessee.
Where is this storefront property located?
The property is located at 301 College St Clarksville, TN.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Retail storefront for sale at a signalized intersection in Clarksville, Tennessee; Located at the intersection of Third & College; Year built: 1979
