Clarksville Office Building For
For Sale
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107 N 3rd St, Clarksville, TN 37040
Office building in Clarksville's Central Business District for sale.
Property Size10,709 SF
Price / SF$154.08
Days on Market833
Property Features for 107 N 3rd St
General Information
Standard status
Active
Size
10,709 SF
Property subtype
Office
Listing Agency:
NAI Clarksville
Listed By:
Wayne Wilkinson, CCIM · License #TN 204027
(931) 249-4700
Source:
Crexi
Added: Jul 11, 2024
Changed: Oct 6
Last Checked: Oct 20 at 8:29PM
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 NAI Clarksville
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is located in the heart of Clarksville's Central Business District. The property is within walking distance of government and legal offices, financial institutions, restaurants and entertainment. The property size is 10709 square feet.
Key Highlights
- Prime location in Clarksville's Central Business District
- Walking distance to government and legal offices
- Proximity to financial institutions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,309
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,966,180
$2.0M
Cap Rate 7%
$1,404,414
$1.4M
Cap Rate 9%
$1,092,322
$1.1M
Market Conditions
NOI Build-Up for 10,709 SF
Gross rent
$192.8K $18.00/SF
− Vacancy
−$61.7K −$5.76/SF
EGI
$131.1K $12.24/SF
− OpEx
−$32.8K −$3.06/SF
NOI
$98.3K $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%
$1,966,180
Cap Rate 7%
$1,404,414
Cap Rate 9%
$1,092,322
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,309 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,835 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,698
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building in Clarksville's Central Business District for sale.
Where is this office building located?
The property is located at 107 N 3rd St Clarksville, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location in Clarksville's Central Business District; Walking distance to government and legal offices; Proximity to financial institutions
