Flex Space with
For Sale
$398,950
526 Dover Rd, Clarksville, TN 37042
C5-zoned flex property with an open interior, customer-facing showroom, kitchen, restroom, and substantial outdoor area.
Property Size1,485 SF
Lot Size0.73 Acres
Price / SF$268.65
Days on Market63
Property Features for 526 Dover Rd
General Information
Standard status
Active
Size
1,485 SF
Lot size
0.73 Acres
Zoning
C5
Amenities
showroom area
private kitchen
restroom
Listing Agency:
eXp Realty
(615) 594-8908
Listed By:
Cierra Shelton
(615) 594-8908
Source:
Exprealty
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 11:20PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This flex property combines an open interior with a dedicated showroom area, private kitchen, and restroom. The building contains 1,485 square feet and is positioned on a 0.73-acre parcel, providing outdoor area that can accommodate parking, fleet storage, or future expansion.
C5 zoning supports the property's commercial positioning in Clarksville. The existing configuration is suited to retail, creative studio, professional office, and service-oriented operations, with the showroom format also serving businesses such as design, cabinetry, or flooring providers that need space to present products to clients.
Located at 526 Dover Rd, the property offers a flexible commercial layout with both interior workspace and usable land area.
C5 zoning supports the property's commercial positioning in Clarksville. The existing configuration is suited to retail, creative studio, professional office, and service-oriented operations, with the showroom format also serving businesses such as design, cabinetry, or flooring providers that need space to present products to clients.
Located at 526 Dover Rd, the property offers a flexible commercial layout with both interior workspace and usable land area.
Key Highlights
- 1,485‑square‑foot flex property on a 0.73‑acre lot
- C5 zoning in Clarksville, TN
- Open interior with a dedicated showroom area
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
$14,131
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
3.54%
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%
$282,620
$282.6K
Cap Rate 7%
$201,871
$201.9K
Cap Rate 9%
$157,011
$157.0K
Market Conditions
NOI Build-Up for 1,485 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
$21.4K $14.40/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$20.2K $13.59/SF
− OpEx
−$6.1K −$4.08/SF
NOI
$14.1K $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%
$282,620
Cap Rate 7%
$201,871
Cap Rate 9%
$157,011
Alternative Uses
Best Use
Retail
$201.9K
$176.6K – $235.5K
NOI $14,131 @ 7.0% cap · market cap 3.54%
Second Best
Flex RnD
$140.0K
$122.5K – $163.3K
NOI $9,799 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$249.3K
$218.1K – $290.8K
NOI $17,449 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37042, TN
83,498
Population
35,433
Households
2.4
Avg Household Size
29
Median Age
26%
College-Educated
94%
High-School Grad
56.9 sq mi
ZIP Area
1,467
Density / Sq Mi
$66,435
Median Household Income
$38,716
Median Earnings
$1,196
Median Rent
$220,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - C5-zoned flex property with an open interior, customer-facing showroom, kitchen, restroom, and substantial outdoor area.
Where is this flex space located?
The property is located at 526 Dover Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $398,950.
What are key features of this property?
This property features: 1,485‑square‑foot flex property on a 0.73‑acre lot; C5 zoning in Clarksville, TN; Open interior with a dedicated showroom area
