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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Retail residential properties
1235 Verkler Dr Clarksville, TN 37042-9002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0345857
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2001
Total area
6,624 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R-4
APN
030N C 04600 000
UPID
US80-0345857
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$835k
Owner & transaction history
1231 Parkway Place LLC · 7 yrs held
1231 Parkway Place LLC
since 2018
7 recorded transactions
Zoning & alternative use
R-4 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+52.8%
Office building
$1.1M
+43.1%
Retail stores
$1.1M
+39.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
MEDICAL BUILDING
$1,150,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$1,080,000
Change: +43% · Conversion: Easy
RETAIL STORES
$1,050,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$820,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
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
$126 / 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
$6,770
Tax year 2023
Assessed value
$160,440
Assessed 2023
Previous assessed
$160,440
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$60,000
Improvement market value
$341,100
Total market value
$401,100
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2001
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
8
Bathrooms
8
Total area
6,624 SF
Lot
0.39 ac (16,988 SF)
Zoning code
R-4
APN
030N C 04600 000
UPID
US80-0345857
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-4 · Clarksville, TN
Zoning R-4 · permitted uses
R-4 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clarksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$755,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$820,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2001
Heating
YES
Cooling
Yes
Stories
2
Units
8
Bathrooms
8
Lot
0.39 ac
Current owner
From public records · entity-resolved
1231 Parkway Place LLC
Entity
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
1239 Parkway Place LLC
—
Deed Of Trust
related
$6,445,000 · Truist Bk
Jul 31, 2018
$5,900,000
1231 Parkway Place LLC
Parkway Place Rentals LLC
Trustees Deed
$4,425,000 · Cbre Cap Markets
May 12, 2017
—
Parkway Place Rentals LLC
—
Grant Deed
related
$3,149,274 · Us Bk
Apr 22, 2013
—
Parkway Place Rentals LLC
—
Loan Modification
related
$3,085,628 · First Advantage Bank
Sep 26, 2011
—
Parkway Place Rentals LLC
—
Deed Of Trust
related
$3,200,000 · First Federal Savings Bank
Jan 5, 2004
—
Powers,charles C
Powers,belinda M
Quit Claim Deed
related
—
—
—
Belew,williame L JR & Michelle
—
Loan Modification
related
—
—
—
Parkway Place Rentals LLC
—
Loan Modification
related
—
—
—
Parkway Place Rentals LLC
—
Deed Of Trust
related
$600,000 · First Advantage Bk
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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