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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Progress Dr Clarksville, TN 37040-5359

    • Office buildings
    • 9,375 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2022
    $875,000
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    8.5%
    Office buildings
    Location Intelligence
    Property ID
    US80-1743648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BryMak / Heating Contractor / Air Conditioning Contractor

    Property Details for 1001 Progress Dr

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.28 lot acres
    Property size
    9,375 SF
    Zone code
    M-1
    Property type
    Office buildings
    APN
    033J A 01600 000
    APU
    033JA01600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,530,000
      6.5%
      $1,410,000
      7%
      $1,310,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,490,000
      Current use
      MEDICAL BUILDING
      $1,630,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $1,485,000
      Change: -0% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.2716
    Latitude
    36.5913
    CBSA code
    17300
    CBSA name
    CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,432
    $0.00
    $0.00
    $531,560
    -
    $191,200
    $1,137,700
    $1,328,900

    Comparable in this City

    • Value Estimation by Request
      1,665 SF

      508 Franklin St

      OFFICE BUILDING • 1,665 SF
      508 Franklin St, Clarksville, TN 37040-3426
      View Details
    • Value Estimation by Request
      2,284 SF

      1015 Madison St

      OFFICE BUILDING • 2,284 SF
      1015 Madison St, Clarksville, TN 37040-3546
      View Details
    • Value Estimation by Request
      4,814 SF

      93 Beaumont St

      OFFICE BUILDING • 4,814 SF
      93 Beaumont St, Clarksville, TN 37040-3217
      View Details
    • Value Estimation by Request
      1,680 SF

      1757 Jardco Dr

      OFFICE BUILDING • 1,680 SF
      1757 Jardco Dr, Clarksville, TN 37040-6773
      View Details
    • Value Estimation by Request
      2,447 SF

      350 Kraft St

      OFFICE BUILDING • 2,447 SF
      350 Kraft St, Clarksville, TN 37040-3006
      View Details
    • Value Estimation by Request
      11,314 SF

      420 Madison St

      OFFICE BUILDING • 11,314 SF
      420 Madison St, Clarksville, TN 37040-3610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,100,000 SF

      Clarksville Mixed-Use Redevelopment

      1.1M SF, 9.77 acres, CBD zoning
      820 Commerce St, Clarksville, TN 37040
      View Details
    • $875,000
      3,290 SF

      Downtown Clarksville Office Building

      Prime location, 3290 sq ft, 10+ parking spaces
      221 2Nd St, Clarksville, TN 37040
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    • $1,200,000
      9,500 SF

      Clarksville Creative Office Building

      9,500 SF Office, M-1 Zoning, Opportunity Zone
      701 Red River St, Clarksville, TN 37040
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    • $1,650,000
      10,709 SF

      Downtown Clarksville Office Building

      Prime 10,709 SF Office Space for Sale
      107 3Rd St, Clarksville, TN 37040
      View Details
    • $1,250,000
      10,709 SF

      Finished Office Space in Clarksville

      10,709 SF office space in Clarksville's Central Business District.
      107 N 3Rd St, Clarksville, TN 37040
      View Details
    • Contact for pricing
      1.50 Acres

      Guthrie Hwy Commercial Land

      Prime Clarksville acreage, ideal development
      3820 Guthrie Hwy, Clarksville, TN 37040
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,000 SF

      Clarksville Mixed-Use Property

      Modern Office & Warehouse Space Available
      1030 Smokestack Dr, Clarksville, TN 37040
      View Details
    • $14 SF/Yr
      6,550 SF

      Clarksville Mixed-Use Building For Rent

      Mixed-use building with showroom, offices, and warehouse space.
      131 Corporate Dr, Clarksville, TN 37040
      View Details
    • $15 SF/Yr
      1,600 SF

      Warehouse with Office Space

      1,600 SF warehouse with office space for lease.
      1807 East Boy Scout Rd, Clarksville, TN 37040
      View Details
    • $1,350 /Mo
      975 SF

      Office/Retail Space Near Downtown

      975 sqft space zoned C-2, close to downtown.
      991 South Riverside Dr, Clarksville, TN 37040
      View Details
    • Contact for pricing
      1,094 SF

      Downtown Retail/Office Space Available

      Centrally located retail/office space in downtown Clarksville, TN.
      312 Franklin St, Clarksville, TN 37040
      View Details
    • $17 SF/Yr
      1,128 SF

      Office Space in Clarksville

      Office space available for lease in Clarksville, Tennessee.
      120 Center Pointe Dr, Clarksville, TN 37040
      View Details
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    1001 Progress Dr
    Clarksville, TN 37040-5359
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    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
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