C-5 Zoned Retail
For Sale
$2,180,000
350 Needmore Rd, Clarksville, TN 37040
Retail storefront with C-5 zoning near major thoroughfares in Clarksville’s St. Bethlehem area.
Property Size10,000 SF
Price / SF$218
Days on Market137
Property Features for 350 Needmore Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Building Details
Year Built
2016
Listing Agency:
Coldwell Banker Conroy, Marable & Holleman
(931) 624-7629
Listed By:
Mark Holleman · License #234481
(931) 624-7629
Source:
Xome
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 10:46PM
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 Coldwell Banker Conroy, Marable & Holleman
Investment Insights
Based on property information with market context.
This retail storefront property contains approximately 10,000 square feet on 1.17± acres and was built in 2016. The site carries C-5 zoning and is positioned for a range of commercial applications, including retail, office, restaurant, medical, and service-oriented businesses.
Located at 350 Needmore Rd in Clarksville, the property provides access to Wilma Rudolph Blvd and Trenton Road. The surrounding St. Bethlehem area includes established businesses and residential growth, placing the site within a centrally located commercial area of the city.
Located at 350 Needmore Rd in Clarksville, the property provides access to Wilma Rudolph Blvd and Trenton Road. The surrounding St. Bethlehem area includes established businesses and residential growth, placing the site within a centrally located commercial area of the city.
Key Highlights
- Approximately 10,000 square feet on 1.17± acres
- C‑5 zoning supports a range of commercial applications
- Built in 2016
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
$95,155
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
4.36%
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%
$1,903,100
$1.9M
Cap Rate 7%
$1,359,357
$1.4M
Cap Rate 9%
$1,057,278
$1.1M
Market Conditions
NOI Build-Up for 10,000 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
$144.0K $14.40/SF
− Vacancy
−$8.1K −$0.81/SF
EGI
$135.9K $13.59/SF
− OpEx
−$40.8K −$4.08/SF
NOI
$95.2K $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%
$1,903,100
Cap Rate 7%
$1,359,357
Cap Rate 9%
$1,057,278
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,155 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,504 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caseys
Shops & Services
14,801 visits/mo
0.0 miles
Jenkins & Wynne Ford
Shops & Services
5,944 visits/mo
0.3 miles
Mobil
Shops & Services
4,174 visits/mo
0.3 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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- Kroger Floral — 2100 Lowes Dr, Clarksville, TN 37040
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with C-5 zoning near major thoroughfares in Clarksville’s St. Bethlehem area.
Where is this storefront property located?
The property is located at 350 Needmore Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Approximately 10,000 square feet on 1.17± acres; C‑5 zoning supports a range of commercial applications; Built in 2016
