4-Unit Office
New
For Sale
$636,901
819 Providence Blvd, Clarksville, TN 37042
Separate entrances serve the two-level layout, with restroom facilities provided in each suite.
Property Size2,474 SF
Price / SF$257.44
Days on Market6
Property Features for 819 Providence Blvd
General Information
Standard status
Active
Size
2,474 SF
Additional Details
Road Access
Yes
Office Units
4
Tenant in Place
Yes
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Designer Agents Realty LLC
Listed By:
Jasmin Ivy Williams 9318012034 · License #389223
(931) 801-2034
Source:
Smokymountainshomefinder
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 4:02PM
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 Designer Agents Realty LLC
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Investment Insights
Based on property information with market context.
This 2,474-square-foot office building was constructed in 1960 and contains four units across two levels, with two suites on each floor. Each unit has a half bath; Unit A also has a full bath with a shower, while Unit D contains two half baths. The building has four separate entrances and has undergone updates to its plumbing, HVAC, windows, roof, and electrical systems. The property is described as nearly fully leased.
The sale includes the adjoining parcel, which is to be conveyed with the building. The property is offered in its current condition.
The sale includes the adjoining parcel, which is to be conveyed with the building. The property is offered in its current condition.
Key Highlights
- Four office units totaling 2,474 square feet, arranged two per level
- Four separate entrances
- Half bath in each unit; Unit A also has a full bath, and Unit D has two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,711
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,220
$454.2K
Cap Rate 7%
$324,443
$324.4K
Cap Rate 9%
$252,344
$252.3K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$44.5K $18.00/SF
− Vacancy
−$14.3K −$5.76/SF
EGI
$30.3K $12.24/SF
− OpEx
−$7.6K −$3.06/SF
NOI
$22.7K $9.18/SF
Area
Clarksville, TN
Vacancy
32.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,220
Cap Rate 7%
$324,443
Cap Rate 9%
$252,344
Alternative Uses
Best Use
Office B
$324.4K
$283.9K – $378.5K
NOI $22,711 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.3K
$363.4K – $484.5K
NOI $29,070 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate entrances serve the two-level layout, with restroom facilities provided in each suite.
Where is this office building located?
The property is located at 819 Providence Blvd Clarksville, TN.
What is the asking price?
The asking price for this property is $636,901.
What are key features of this property?
This property features: Four office units totaling 2,474 square feet, arranged two per level; Four separate entrances; Half bath in each unit; Unit A also has a full bath, and Unit D has two half baths
