Two-Story Quadplex with
For Sale
$598,000
792 Cherrybark Ln, Clarksville, TN 37040
Four residential units provide private patios, laundry appliances, and parking for residents.
Property Size3,844 SF
Price / SF$155.57
Days on Market209
Property Features for 792 Cherrybark Ln
General Information
Standard status
Active
Size
3,844 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,014
Listing Agency:
SimpliHOM
(731) 220-0778
Listed By:
Christie Cooper
(731) 220-0778
Source:
Exprealty
Added: Feb 4
Changed: Aug 30
Last Checked: Aug 31 at 7:34PM
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.
Located at 792 Cherrybark Ln in Clarksville, TN, this quadplex contains 3,844 square feet across four residential units. Each unit is arranged over two levels, with an open-plan living area and half bath on the main floor, plus two bedrooms and a full bathroom upstairs.
Each residence also includes a washer and dryer, a private back patio, and ample parking. The property is configured as four similar units, offering a consistent layout throughout the building.
Each residence also includes a washer and dryer, a private back patio, and ample parking. The property is configured as four similar units, offering a consistent layout throughout the building.
Key Highlights
- Quadplex with 4 residential units
- 3,844 square feet of total property size
- Each unit includes two bedrooms and 1 full bath
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
$34,719
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
5.81%
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%
$694,380
$694.4K
Cap Rate 7%
$495,986
$496.0K
Cap Rate 9%
$385,767
$385.8K
Market Conditions
NOI Build-Up for 3,844 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
$53.0K $13.80/SF
− Vacancy
−$3.4K −$0.90/SF
EGI
$49.6K $12.90/SF
− OpEx
−$14.9K −$3.87/SF
NOI
$34.7K $9.03/SF
Area
Clarksville, TN
Vacancy
6.50%
Lease Rate
$13.80 /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%
$694,380
Cap Rate 7%
$495,986
Cap Rate 9%
$385,767
Alternative Uses
Best Use
Multifamily LT 5
$496.0K
$434.0K – $578.7K
NOI $34,719 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$442.9K
$387.5K – $516.7K
NOI $31,003 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$645.3K
$564.6K – $752.8K
NOI $45,169 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide private patios, laundry appliances, and parking for residents.
Where is this quadplex located?
The property is located at 792 Cherrybark Ln Clarksville, TN.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Quadplex with 4 residential units; 3,844 square feet of total property size; Each unit includes two bedrooms and 1 full bath
