Mixed-Use Retail and
For Sale
Contact for pricing
Pending
3276 Hwy 41A S, Clarksville, TN 37043
Retail tenants are anchored by a dental practice, with a separate four-unit apartment building included.
Property Size10,320 SF
Days on Market116
Property Features for 3276 Hwy 41A S
General Information
Standard status
Pending
Size
10,320 SF
Property subtype
Retail, Multifamily, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Multifamily Units
4
Building Details
Year Built
2022
Buildings
2
Units
8
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Andrew Phipps · License #TN 361091
Source:
Crexi
Added: May 15
Changed: Aug 8
Last Checked: Jul 27 at 6:37AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This mixed-use property combines retail space with residential income via a separate four-unit apartment building. The retail component is anchored by a DSO-backed dental practice, providing diversified rental streams within the same investment structure.
The property is located at 3276 Hwy 41A S in Clarksville, TN 37043. The offering is described as generating approximately $240K in NOI, supported by the existing retail tenants and the on-site apartment building.
The property is located at 3276 Hwy 41A S in Clarksville, TN 37043. The offering is described as generating approximately $240K in NOI, supported by the existing retail tenants and the on-site apartment building.
Key Highlights
- Mixed‑use property built in 2022 with retail tenants plus a separate 4‑unit apartment building
- Retail is anchored by a DSO‑backed dental practice
- Approximately $240K NOI reported
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
$111,753
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
3.49%
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%
$2,235,060
$2.2M
Cap Rate 7%
$1,596,471
$1.6M
Cap Rate 9%
$1,241,700
$1.2M
Market Conditions
NOI Build-Up for 10,320 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
$198.1K $19.20/SF
− Vacancy
−$11.9K −$1.15/SF
EGI
$186.3K $18.05/SF
− OpEx
−$74.5K −$7.22/SF
NOI
$111.8K $10.83/SF
Area
Clarksville, TN
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
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%
$2,235,060
Cap Rate 7%
$1,596,471
Cap Rate 9%
$1,241,700
Alternative Uses
Best Use
Healthcare Medical
$1.60M
$1.40M – $1.86M
NOI $111,753 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$1.40M
$1.23M – $1.64M
NOI $98,200 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,264 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
123
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail tenants are anchored by a dental practice, with a separate four-unit apartment building included.
Where is this mixed-use property located?
The property is located at 3276 Hwy 41A S Clarksville, TN.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Mixed‑use property built in 2022 with retail tenants plus a separate 4‑unit apartment building; Retail is anchored by a DSO‑backed dental practice; Approximately $240K NOI reported
