Vacant Storefront
New
For Sale
$325,000
803 Cumberland Dr, Clarksville, TN 37040
Vacant commercial space with C-2 General Commercial zoning and a layout adaptable to office or service-oriented uses.
Property Size1,026 SF
Price / SF$316.76
Days on Market5
Property Features for 803 Cumberland Dr
General Information
Standard status
Active
Size
1,026 SF
Property subtype
Commercial
Zoning
C-2
Amenities
Shingle Roof
Building Details
Year Built
1945
Listing Agency:
MY PLACE REALTY & MANAGEMENT
(931) 591-3216
Listed By:
BEN STANLEY · License #288121
Source:
Corcoran
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 8:22AM
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 MY PLACE REALTY & MANAGEMENT
Investment Insights
Based on property information with market context.
This 1,026 SF storefront building was constructed in 1945 and is currently vacant. The existing configuration can support professional office, service-based, or other commercial uses, with room for a new owner to occupy, renovate, or reposition the space. C-2 General Commercial zoning provides a defined commercial-use framework.
Located at 803 Cumberland Dr in Clarksville, the property offers access to Riverside Drive, Madison Street, Downtown Clarksville, and other major thoroughfares. The surrounding area includes residential neighborhoods, businesses, shopping, dining, and services, creating a mix of nearby commercial and community activity.
Located at 803 Cumberland Dr in Clarksville, the property offers access to Riverside Drive, Madison Street, Downtown Clarksville, and other major thoroughfares. The surrounding area includes residential neighborhoods, businesses, shopping, dining, and services, creating a mix of nearby commercial and community activity.
Key Highlights
- 1,026 SF storefront building
- C‑2 General Commercial zoning
- Constructed in 1945
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
$9,763
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
3.00%
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%
$195,260
$195.3K
Cap Rate 7%
$139,471
$139.5K
Cap Rate 9%
$108,478
$108.5K
Market Conditions
NOI Build-Up for 1,026 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
$14.8K $14.40/SF
− Vacancy
−$827 −$0.81/SF
EGI
$13.9K $13.59/SF
− OpEx
−$4.2K −$4.08/SF
NOI
$9.8K $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%
$195,260
Cap Rate 7%
$139,471
Cap Rate 9%
$108,478
Alternative Uses
Best Use
Retail
$139.5K
$122.0K – $162.7K
NOI $9,763 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$172.2K
$150.7K – $200.9K
NOI $12,056 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,449 visits/mo
0.4 miles
Dollar General
Shops & Services
5,209 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- American Flowergift — 207 N Riverside Dr Ste B, Clarksville, TN 37040
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial space with C-2 General Commercial zoning and a layout adaptable to office or service-oriented uses.
Where is this storefront property located?
The property is located at 803 Cumberland Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,026 SF storefront building; C‑2 General Commercial zoning; Constructed in 1945
