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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Medical Office Space
141 Hillcrest Dr Clarksville, TN 37043-5088
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3315901
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1990
Construction
FRAME
Total area
22,740 SF
Lot
3.26 ac (142,006 SF)
Zoning code
C-5
APN
080C A 00504 000
UPID
US80-3315901
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
-
Christopher A. Binkley, OT Physician
-
Tennessee Orthopaedic Alliance (TOA) - Clarksville Medical Clinic
-
Mamie R. Murphy, MPT Physician
-
Lori H. Casey, PT Physician
-
Lynne A. Montague, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$3.85M
Owner & transaction history
Santa Teresa Capital LLC · 4 yrs held
Santa Teresa Capital LLC
since 2022
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-5 - HIGHWAY AND ARTERIAL COMMERCIAL DISTRICT The C-5 Highway and Arterial Commercial District is intended to provide areas in which the principal use of land is devoted to commercial establishments which cater specifically to motor-vehicle-oriented trade. It is further intended to provide appropriate space and sufficient depth from the street to provide fo…
Zone name
Highway And Arterial Commercial District
General category
COMMERCIAL
Zone area
2,637.23 ac
Source
zoning ordinance
Top alternative use upside
Warehouse, storage
$5.2M
+53.5%
Office building
$3.8M
+12.9%
Retail stores
$3.6M
+5.8%
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
$3,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,105,000
6.5%
$3,790,000
7%
$3,520,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,405,000
Current use
WAREHOUSE, STORAGE
$5,225,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$3,845,000
Change: +13% · Conversion: Easy
RETAIL STORES
$3,600,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,815,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±10% · vs last sale $4.05M (Jul 21 2022)
Last sale anchor
$4.05M
Jul 21 2022
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
$169 / 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
$50,559
Tax year 2023
Assessed value
$1,198,080
Assessed 2023
Previous assessed
$1,198,080
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$465,600
Improvement market value
$2,529,600
Total market value
$2,995,200
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
6
Total area
22,740 SF
Lot
3.26 ac (142,006 SF)
Zoning code
C-5
APN
080C A 00504 000
UPID
US80-3315901
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-5 · Clarksville, TNZoning C-5 · permitted uses
C-5 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-5 - HIGHWAY AND ARTERIAL COMMERCIAL DISTRICT The C-5 Highway and Arterial Commercial District is intended to provide areas in which the principal use of land is devoted to commercial establishments which cater specifically to motor-vehicle-oriented trade. It is further intended to provide appropriate space and sufficient depth from the street to provide for the orderly development and concentration of appropriate highway and arterial commercial uses at suitable locations, and to encourage the clustered development of such uses to minimize traffic hazards and interference with other uses in the vicinity, rather than to encourage the spread of strip commercial development. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.25
Zone name
Highway And Arterial Commercial District
General category
COMMERCIAL
Zone area
2,637.23 ac
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
1990
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
3.26 ac
Current owner
From public records · entity-resolved
Santa Teresa Capital LLC
Entity
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$4,050,000
Santa Teresa Capital LLC
Noble Net Lease III D LLC
Special Warranty Deed
$2,650,000 · Bokf NA
Aug 9, 2011
—
Noble Net Lease Iiid LLC
—
Deed Of Trust
related
$25,000,000 · Barclays Bank Plc
Jun 21, 2011
—
Noble Net Lease Iiid LLC
Noble Net Lease III LLC
Quit Claim Deed
related
—
May 12, 2011
$2,980,000
Noble Net Lease III LLC
Toa Clarksville Investment LLC
Grant Deed
—
Oct 2, 2008
$2,439,000
Toa Clarksville Investment LLC
Hcp INC
Grant Deed
$2,380,000 · Pinnacle Nat'l Bk/murfreesbo
Apr 6, 1998
$2,860,000
Health Care Property Inves
—
Grant Deed
related
—
Jul 13, 1993
$1,100,000
—
Unknown,
Grant Deed
related
—
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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