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Property profile & analytics
OFF-MARKET
Office buildings
137 Franklin St Clarksville, TN 37040-3437
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1134878
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
3,080 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CBD
APN
066G G 01100 000
UPID
US80-1134878
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
-
Law Office of Kenneth W. Merriweather Law Firm
-
Team Loclova LLC Hair Salon
-
ABP Boudoir (Bike/Boat/Book/etc) Store Photography Service
-
Higher Level On Franklin Plaza Shopping Center & Mall
-
La Costa Cafe and Lounge Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Armor Properties Gp · 1 yrs held
Armor Properties Gp
since 2024
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
CBD · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,927
Tax year 2023
Assessed value
$164,160
Assessed 2023
Previous assessed
$164,160
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$95,800
Improvement market value
$314,600
Total market value
$410,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
1
Total area
3,080 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CBD
APN
066G G 01100 000
UPID
US80-1134878
Jurisdiction
MONTGOMERY
Zoning & alternative use
CBD · Clarksville, TN
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Armor Properties Gp
Entity
Free & Clear · 1 yrs held
Mailing address
1003 GRATTON RD, CLARKSVILLE, TN 37043-2507
Ownership since
2024
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
Nov 8, 2024
—
Armor Properties Gp
Armor Holdings LLC
Deed
related
—
Mar 16, 2023
—
Armor Holdings LLC
Clinton Ross Morford
Quit Claim Deed
related
—
Feb 8, 2022
—
Clinton Ross Morford
Michael B Williams
Quit Claim Deed
related
—
Sep 22, 2021
$400,000
Clinton Ross Morford
Thomas R Meeks
Special Warranty Deed
$352,000 · F & M Bank
Apr 1, 2008
—
Meeks,thomas R
Owl Hollow Investments LLC
Quit Claim Deed
related
—
Jan 19, 2005
—
Meeks,thomas R
Meeks,gary
Quit Claim Deed
related
—
Jul 10, 1989
$35,000
Gary Meeks
Unknown,
Grant Deed
—
Jul 7, 1989
$35,000
Gary Meeks
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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