Apartment Building with Attached
For Sale
$1,192,000
725 Hornbuckle Rd, Clarksville, TN 37043
Built in 2022 with central electric air conditioning and front-facing attached garage access.
Property Size5,788 SF
Price / SF$205.94
Days on Market9
Property Features for 725 Hornbuckle Rd
General Information
Standard status
Active
Size
5,788 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
multi
Net Operating Income
$5,375
Taxes and HOA fees
Annual Taxes
$5,700
Amenities
Sidewalks
Ceiling Fan(s), Central Air, Electric
Central, Electric
Garage Faces Front, Attached
Building Details
Building Size
5,788 SF
Year Built
2022
Stories
2
Listing Agency:
(931) 338-9692
Listed By:
Jennifer Alston
(931) 338-9692
Source:
Evrealestate
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 9 at 12:50PM
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 Jennifer Alston
Investment Insights
Based on property information with market context.
This apartment building was completed in 2022 and includes central air conditioning with electric service. The property also features an attached garage with a front-facing orientation.
The property is located at 725 Hornbuckle Rd in Clarksville, Tennessee. Access is provided from Hwy 76 via Hornbuckle Rd, with the complex positioned on the right after the turn.
The property is located at 725 Hornbuckle Rd in Clarksville, Tennessee. Access is provided from Hwy 76 via Hornbuckle Rd, with the complex positioned on the right after the turn.
Key Highlights
- 2022 construction
- Central air conditioning with electric service
- Attached garage
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
$46,681
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
3.92%
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%
$933,620
$933.6K
Cap Rate 7%
$666,871
$666.9K
Cap Rate 9%
$518,678
$518.7K
Market Conditions
NOI Build-Up for 5,788 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
$90.3K $15.60/SF
− Vacancy
−$5.4K −$0.94/SF
EGI
$84.9K $14.66/SF
− OpEx
−$38.2K −$6.60/SF
NOI
$46.7K $8.07/SF
Area
Clarksville, TN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$933,620
Cap Rate 7%
$666,871
Cap Rate 9%
$518,678
Alternative Uses
Best Use
Apartment 5plus
$666.9K
$583.5K – $778.0K
NOI $46,681 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.6K
$850.1K – $1.13M
NOI $68,011 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2022 with central electric air conditioning and front-facing attached garage access.
Where is this apartment building located?
The property is located at 725 Hornbuckle Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $1,192,000.
What are key features of this property?
This property features: 2022 construction; Central air conditioning with electric service; Attached garage
