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Property profile & analytics
OFF-MARKET Estimated value $1,140,000
Office buildings

116 Merchants Blvd Clarksville, TN 37040-1536

4,900 SF 1.08 ac lot Built 2019
Entity Owned Free & Clear
Property ID
US80-1168873
Property summary
AI-generated overview

This exceptional 2,450-square-foot office suite is situated in a highly sought-after Clarksville, Tennessee location at 116B Merchants Blvd, zip code 37040. The single-story building, zoned C-3, offers a well-designed layout perfect for a variety of professional uses, including medical practices. The space boasts a spacious waiting area with a pass-through window to the administrative area, seven private offices (all with windows), a large conference room, a dedicated file room, two restrooms, a break area, and ample storage. Modern finishes are evident throughout, creating an attractive and efficient workspace. The property benefits from abundant parking and is conveniently located within an attractive office park setting, providing easy access to Clarksville's bustling commercial center. This is a Modified Gross Lease, with the landlord covering real estate taxes, insurance, and exterior maintenance. The tenant is responsible for all other operating expenses. Currently tenant-occupied until November 30, 2024, this presents a fantastic opportunity for future occupancy. The property is in Montgomery County and offers a highly accessible location for clients and employees. This turnkey solution combines a desirable location with a functional and aesthetically pleasing interior.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2019
Total area 4,900 SF
Lot 1.08 ac (47,045 SF)
Zoning code C-3
APN 041 06302 00006041
UPID US80-1168873
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
  • FedEx Drop Box Postal Service Courier Service
  • Bankers Title & Escrow Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.14M
Owner & transaction history
WILDWOOD PARTNERS
WILDWOOD PARTNERS
Zoning & alternative use
C-3 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.2M +59.5%
Warehouse, storage $1.1M +44.6%
Medical building $850,000 +9.4%
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