24.3 Acre Retail Investment
5424 Clarksville Hwy Whites Creek, TN 37189
For Sale
$3,500,000
24.3 acres with a 9,000 SF retail building.
Property Size9,000 SF
Lot Size24.30 Acres
Price / SF$388.89
Days on Market316
Property Features for 5424 Clarksville Hwy
General Information
Standard status
Active
Size
9,000 SF
Lot size
24.30 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
SIMPLIHOM
(855) 856-9466
Listed By:
JAKE THIBODEAU · License #369765
Source:
Corcoran
Added: Sep 17, 2025
Changed: Jul 6
Last Checked: Jul 29 at 7:09AM
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 SIMPLIHOM
Investment Insights
Based on property information with market context.
This property presents a commercial investment or owner-user opportunity on 24.3 acres located along Clarksville Pike, featuring approximately 460 feet of frontage. The property includes a 9,000-square-foot retail building that is fully leased to multiple tenants, providing immediate income. The zoning is a mix of CS, AR2A, and Agricultural, offering flexibility for expansion, redevelopment, or alternative uses. The property benefits from ample parking, strong traffic counts, and panoramic ridge views of the city, combining stable cash flow with long-term growth potential.
Key Highlights
- Fully leased ±9,000 SF retail building provides immediate income.
- 24.3 acres with nearly 460’ of frontage on Clarksville Pike.
- Zoning mix of CS, AR2A, and Agricultural allows for expansion, redevelopment, or alternative uses.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $18.00 |
| − Vacancy | −$8.1k | −$0.90 |
| EGI | $153.9k | $17.10 |
| − OpEx | −$46.2k | −$5.13 |
| NOI | $107.7k | $11.97 |
9,000 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.90M
$9.53M – $12.71M
NOI $762,715 @ 7.0% cap · market cap 21.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - 24.3 acres with a 9,000 SF retail building.
Where is this shopping center located?
The property is located at 5424 Clarksville Hwy Whites Creek, TN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully leased ±9,000 SF retail building provides immediate income.; 24.3 acres with nearly 460’ of frontage on Clarksville Pike.; Zoning mix of CS, AR2A, and Agricultural allows for expansion, redevelopment, or alternative uses.
