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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Retail space
1493 Madison St Clarksville, TN 37040-3845
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-0779715
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,562 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
065P D 03500 000
UPID
US80-0779715
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
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Reginald B. Gibb, PharmD Pharmacy
-
Marlon Shivers, DPH Pharmacy
-
Kathryn Richards Pharmacy
-
Royalties Event Center LLC Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Rialto Manor Apartment INC · 12 yrs held
Rialto Manor Apartment INC
since 2014
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
C-2 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+117.3%
Neighborhood: shopping center
$2.9M
+60.0%
Warehouse, storage
$2.7M
+45.1%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
$1,835,000
6.5%
$1,695,000
7%
$1,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,830,000
Current use
RESTAURANT
$3,975,000
Change: +117% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,930,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,655,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$2,010,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,835,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Oct 31 2024)
Last sale anchor
$2.60M
Oct 31 2024
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
$225 / 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
$13,504
Tax year 2023
Assessed value
$320,000
Assessed 2023
Previous assessed
$320,000
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$103,400
Improvement market value
$696,600
Total market value
$800,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
11,562 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
065P D 03500 000
UPID
US80-0779715
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-2 · Clarksville, TN
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$1.8M
RESTAURANT
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE 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
1998
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Rialto Manor Apartment INC
Entity
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2014
$2,030,000
Rialto Manor Apartment INC
Bl Clarksville LLC
Grant Deed
—
Jan 26, 2007
$52,800
Bl Clarksville LLC
Djb LLC
Grant Deed
related
$2,100,000 · Ubs R/e Invs
Nov 3, 1988
$80,000
Kimberly Douglas Wall
Unknown
Grant Deed
—
—
—
Bl Clarksville LLC
—
Deed Of Trust
related
$1,680,000 · Northbrook Bk&tr
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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