Mixed-Use Campus with Three
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 Market50
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 7075922777 · License #367269
(707) 592-2777
Source:
Viewknoxvillehomesforsale
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 7:37AM
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
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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 / Yr
$279,465
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Industrial in South region
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
