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Property profile & analytics
OFF-MARKET
Estimated value
$19,800,000
High-rise multifamily apartments
101 University Ave Clarksville, TN 37040-3411
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0565002
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2006
Total area
71,437 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CBD
APN
066F J 00100 000
UPID
US80-0565002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
University Landing Apt Pool Apartment Building
-
University Landing Apartment Building Condominium Complex
-
Living Healthy In Clarksville Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.80M
Owner & transaction history
University Avenue Housing Owner LP · 3 yrs held
University Avenue Housing Owner LP
since 2023
Last sale
$20.1M
7 recorded transactions
Zoning & alternative use
CBD · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD - CENTRAL BUSINESS DISTRICT The CBD Central Business District, with complementary office and related uses, forms the center for commercial, residential, financial, professional, governmental, and cultural activities. Pedestrian-oriented uses are encouraged, while uses related to automobiles and vehicular traffic are discouraged. (Ord. No. 137-2021-22, 7-…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
219.82 ac
Source
zoning ordinance
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clarksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarksville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$24,570,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,095,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$16,410,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$12,410,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$19.80M
Range $17.82M – $21.78M · ±10% · vs last sale $20.10M (Jan 4 2023)
Last sale anchor
$20.10M
Jan 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$277 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$263,519
Tax year 2023
Assessed value
$6,244,520
Assessed 2023
Previous assessed
$6,244,520
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$3,087,900
Improvement market value
$12,523,400
Total market value
$15,611,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2006
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
4
Bathrooms
106
Total area
71,437 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CBD
APN
066F J 00100 000
UPID
US80-0565002
Jurisdiction
MONTGOMERY
Zoning & alternative use
CBD · Clarksville, TNZoning CBD · permitted uses
CBD · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD - CENTRAL BUSINESS DISTRICT The CBD Central Business District, with complementary office and related uses, forms the center for commercial, residential, financial, professional, governmental, and cultural activities. Pedestrian-oriented uses are encouraged, while uses related to automobiles and vehicular traffic are discouraged. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.20
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
219.82 ac
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$24.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.1M
WAREHOUSE, STORAGE
Est. value
$16.4M
MEDICAL BUILDING
Est. value
$12.4M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Bathrooms
106
Lot
3.76 ac
Current owner
From public records · entity-resolved
University Avenue Housing Owner LP
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$20,100,000
University Avenue Housing Owner LP
Nms University Landings LLC
Special Warranty Deed
—
Apr 7, 2021
—
Nms University Landings LLC
Industrial Dev Brd Of Cnty Of Montg
Quit Claim Deed
related
—
Sep 5, 2018
—
Nms University Landings LLC
University Landing LLC
Quit Claim Deed
related
—
Jun 17, 2005
—
Industrial Dev Board Of Cnty & Mont
University Landing LLC
Grant Deed
related
—
Jun 17, 2005
$450,000
University Landing LLC
First Baptist Ch Of Cl Trust
Grant Deed
related
$15,000,000 · Suntrust Bk
Sep 21, 2000
—
Clarksville City Of
Church First Bap
Grant Deed
related
—
May 25, 1999
$176,000
Trustees Of The First Bapt
Hayes,riggs L JR
Grant Deed
related
—
Jan 12, 1994
$110,000
Riggs L Hayes SR.
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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