Mixed-Use Campus with Three
New
For Sale
$6,250,000
901 Professional Park Dr, Clarksville, TN 37040
Vacant commercial campus with flexible buildings, on-site parking, and C-2 zoning supporting multiple commercial uses.
Property Size29,573 SF
Lot Size4.20 Acres
Price / SF$211.34
Days on Market3
Property Features for 901 Professional Park Dr
General Information
Standard status
Active
Size
29,573 SF
Lot size
4.20 Acres
Zoning
C-2
Additional Details
Highway Access
Yes
Amenities
pool
Building Details
Year Built
2009
Buildings
3
Listing Agency:
Keller Williams Realty Clarksville
Listed By:
James Church · License #367269
(931) 648-8500
Source:
Shearonsellsteam
Added: Sep 6
Last Checked: Sep 7 at 12:19PM
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 Keller Williams Realty Clarksville
Investment Insights
Based on property information with market context.
Positioned at 901 Professional Park Dr, this 4.2±-acre mixed-use campus contains three vacant buildings totaling approximately 29,573 square feet. The improvements include a 10,039-square-foot former day care facility, a 6,040-square-foot fitness building, and a 13,494-square-foot flex building. Built in 2009, the buildings are updated to current code and include an on-site pool plus asphalt parking with overflow capacity.
The property is located in Clarksville’s Dunlop Lane medical, office, and retail corridor near Ted A. Crozier Sr. Blvd (SR-374). C-2 zoning allows mixed-use development by right at up to 16 units per acre and building heights of 55 feet. The campus is suited to retail, medical, office, service, multifamily, or hospitality uses, subject to independent verification of zoning, measurements, and utilities. A four-lot subdivision plan has been engineered, with platting and approval required.
The property is located in Clarksville’s Dunlop Lane medical, office, and retail corridor near Ted A. Crozier Sr. Blvd (SR-374). C-2 zoning allows mixed-use development by right at up to 16 units per acre and building heights of 55 feet. The campus is suited to retail, medical, office, service, multifamily, or hospitality uses, subject to independent verification of zoning, measurements, and utilities. A four-lot subdivision plan has been engineered, with platting and approval required.
Key Highlights
- 4.2±-acre mixed‑use campus at 901 Professional Park Dr, Clarksville, TN 37040
- Three vacant buildings totaling ±29,573 SF
- Buildings measure ±10,039 SF, ±6,040 SF, and ±13,494 SF
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
$279,465
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
4.47%
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%
$5,589,300
$5.6M
Cap Rate 7%
$3,992,357
$4.0M
Cap Rate 9%
$3,105,167
$3.1M
Market Conditions
NOI Build-Up for 29,573 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
$496.8K $16.80/SF
− Vacancy
−$49.7K −$1.68/SF
EGI
$447.1K $15.12/SF
− OpEx
−$167.7K −$5.67/SF
NOI
$279.5K $9.45/SF
Area
Clarksville, TN
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
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%
$5,589,300
Cap Rate 7%
$3,992,357
Cap Rate 9%
$3,105,167
Alternative Uses
Best Use
Mixed Use
$3.99M
$3.49M – $4.66M
NOI $279,465 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$2.79M
$2.44M – $3.25M
NOI $195,146 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$4.96M
$4.34M – $5.79M
NOI $347,495 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
548
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant commercial campus with flexible buildings, on-site parking, and C-2 zoning supporting multiple commercial uses.
Where is this mixed-use property located?
The property is located at 901 Professional Park Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 4.2±-acre mixed‑use campus at 901 Professional Park Dr, Clarksville, TN 37040; Three vacant buildings totaling ±29,573 SF; Buildings measure ±10,039 SF, ±6,040 SF, and ±13,494 SF
