Medical Office and Professional
For Sale
$550,000
451 Rossview Rd, Clarksville, TN 37043
Professional layout includes exam rooms, private office, kitchen, central HVAC, and added upstairs and basement storage space.
Property Size2,658 SF
Price / SF$206.92
Days on Market391
Property Features for 451 Rossview Rd
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Office
Amenities
3
Building Details
Year Built
1947
Listing Agency:
Byers & Harvey Inc.
(931) 647-3501
Listed By:
Sydney Hedrick · License #286039
(931) 237-4137
Source:
Xome
Added: Aug 12, 2025
Changed: Sep 3
Last Checked: Sep 5 at 5:36AM
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 versatile medical or professional office space features a welcoming lobby and a functional interior layout designed for client traffic and day-to-day operations. The space includes a main office, two exam rooms with built-in cabinetry and sinks, a private office, and a hall bath for staff and guest convenience. A full kitchen supports a practical break area, and hardwood floors with central HVAC provide consistent, comfortable work environment.
The property also offers flexibility with an additional finished space upstairs, suitable for records, storage, or future expansion, along with a large basement storage area. Outside, a spacious wooden deck provides an outdoor area for breaks or informal meetings.
Overall, the property combines multiple dedicated rooms with utility-focused support spaces, offering a ready-to-operate configuration for medical professionals or other office users seeking adaptable, polished workspace in Clarksville.
The property also offers flexibility with an additional finished space upstairs, suitable for records, storage, or future expansion, along with a large basement storage area. Outside, a spacious wooden deck provides an outdoor area for breaks or informal meetings.
Overall, the property combines multiple dedicated rooms with utility-focused support spaces, offering a ready-to-operate configuration for medical professionals or other office users seeking adaptable, polished workspace in Clarksville.
Key Highlights
- Professional/medical office layout with main office, 2 exam rooms, private office, and hall bath
- Central HVAC and hardwood floors throughout
- Built‑in cabinetry and sinks in both exam rooms
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
$28,783
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
5.23%
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%
$575,660
$575.7K
Cap Rate 7%
$411,186
$411.2K
Cap Rate 9%
$319,811
$319.8K
Market Conditions
NOI Build-Up for 2,658 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
$51.0K $19.20/SF
− Vacancy
−$3.1K −$1.15/SF
EGI
$48.0K $18.05/SF
− OpEx
−$19.2K −$7.22/SF
NOI
$28.8K $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%
$575,660
Cap Rate 7%
$411,186
Cap Rate 9%
$319,811
Alternative Uses
Best Use
Healthcare Medical
$411.2K
$359.8K – $479.7K
NOI $28,783 @ 7.0% cap · market cap 5.23%
Second Best
Office B
$348.6K
$305.0K – $406.7K
NOI $24,400 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$446.2K
$390.4K – $520.6K
NOI $31,233 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Professional layout includes exam rooms, private office, kitchen, central HVAC, and added upstairs and basement storage space.
Where is this medical office space located?
The property is located at 451 Rossview Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Professional/medical office layout with main office, 2 exam rooms, private office, and hall bath; Central HVAC and hardwood floors throughout; Built‑in cabinetry and sinks in both exam rooms
