Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Herning Dr Clarksville, TN 37042
    Property profile & analytics

    Herning Dr Clarksville, TN 37042

    View on Map
    • Land
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Herning Dr

    Lot size
    1.20 lot acres
    Property type
    Land

    Description

    This exceptional 1.2-acre parcel of land, located on Herning Drive in Clarksville, Tennessee, presents a remarkable opportunity for residential development. Zoned R-4, this property offers significant potential for the construction of houses or apartments. The expansive lot size provides ample space for a variety of building plans, catering to diverse development needs. Conveniently situated in Montgomery County, zip code 37042, this location benefits from easy access to city amenities and infrastructure. A key advantage is the availability of city sewer and water services directly at the street, simplifying the development process and reducing infrastructure costs. The asking price of $175,000 represents a compelling investment opportunity given the land's size, zoning, and prime location within Clarksville. This property is ideal for builders, developers, or investors seeking a strategic entry point into the thriving Clarksville real estate market. The property's address is Herning Dr, Clarksville, TN 37042, with GPS coordinates 36.5482655 latitude and -87.3882506 longitude. Serious inquiries are encouraged to explore the full potential of this exceptional land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3883
    Latitude
    36.5483

    Comparable in this City

    • Value Estimation by Request

      Dotsonville Rd

      Land
      0 Dotsonville Rd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request
      1.10 Acres

      Power St

      Land • 1.10 Acres
      0 Power St, Clarksville, TN 37042
      View Details
    • Value Estimation by Request
      12.94 Acres

      680 Peachers Mill Rd

      Land • 12.94 Acres
      680 Peachers Mill Rd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request

      Pollard Rd

      Manufacturing properties
      0 Pollard Rd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request
      1.23 Acres

      Tiny Town Rd

      Land • 1.23 Acres
      0 Tiny Town Rd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request

      Tobacco Rd

      Land
      0 Tobacco Rd, Clarksville, TN 37042
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale in Clarksville, Tennessee.
      Tiny Town Rd, Clarksville, TN 37042
      View Details
    • $168,000

      Wooded Lot Near Town

      7.85-acre wooded lot, private and peaceful, near town.
      1 Dotsonville Rd, Clarksville, TN 37042
      View Details
    • $42,700
      Pending

      Locust Street Land For Sale

      Land available on Locust Street in Clarksville, Tennessee.
      403 Locust St, Clarksville, TN 37042
      View Details
    • $1,650,000

      85+ Acres Development Opportunity

      Large R-4 zoned land with creek and lake.
      901 Britton Springs Rd, Clarksville, TN 37042
      View Details
    • $39,000

      Land on Peachers Mill Road

      Land available on Peachers Mill Road in Clarksville, Tennessee.
      657 Peachers Mill Rd, Clarksville, TN 37042
      View Details
    • $615,000
      3,750 SF

      Clarksville Triplex Investment Opportunity

      Triplex in high-demand area with garages and private patios.
      520 Patriot Park Ct, Clarksville, TN 37042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Lot Near Tiny Town

      0.95 acre commercial lot for sale, lease, or build-to-suit.
      Tobacco Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Modern Building on High-Traffic Road

      Modern building with signage opportunities on high-traffic Tiny Town Rd.
      2029 Tiny Town Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing
      1,430 SF

      Clarksville Office Space For Rent

      Office space featuring reception, offices, open area, and breakroom.
      130 Alfredo Dr, Clarksville, TN 37042
      View Details
    • Contact for pricing
      1,580 SF

      Clarksville Office Space For Rent

      Office space featuring reception, five private offices, and break room.
      130 Alfredo Dr, Clarksville, TN 37042
      View Details
    • $700 /Mo
      142 SF

      Modern Office Space For Rent

      New commercial building with modern design and luxurious touches.
      3400 Sandpiper Dr, Clarksville, TN 37042
      View Details
    • $20 SF/Yr
      7,880 SF

      Office and Warehouse Space Available

      Office and warehouse space for lease with utilities included.
      2721 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Herning Dr
    Clarksville, TN 37042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Herning Dr, Clarksville, TN, 37042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!