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Property profile & analytics
OFF-MARKET Estimated value $945,000
Office buildings

1811 Memorial Cir Clarksville, TN 37043-4539

6,480 SF 0.43 ac lot Built 1972
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1295715
Property summary
AI-generated overview

This exceptional Clarksville, TN office property at 1811 Memorial Cir, zip code 37043, offers a unique opportunity for businesses seeking flexible and fully-equipped workspace. The 1,930 square foot space features five to seven individual suites, perfect for companies needing separate offices while also benefiting from shared amenities. A full kitchen and two bathrooms (one with a shower) are included, enhancing convenience and comfort for tenants. The property boasts a thoughtfully designed layout, incorporating a flex space/common area ideal for collaboration or additional workspace. Tenancy is multiple, allowing for diverse business occupancy. Enjoy the added benefit of 24/7 keyless entry, eliminating the need for traditional key management. All utilities, high-speed internet, weekly cleaning, and pest control are included in the rental rate, minimizing operational overhead. This exceptional location offers easy access to a variety of restaurants and shopping options, and is just minutes from downtown Clarksville, providing excellent accessibility and visibility. This is an ideal solution for businesses seeking a blend of individual privacy and shared collaborative space. The property is a traditional office building, offering a professional and established environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 6,480 SF
Lot 0.43 ac (18,731 SF)
Zoning code O-1
APN 080B B 01600 000
UPID US80-1295715
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
  • Keri Lovato, Southbound Insurance Agency, LLC Insurance Agency
  • Healing Hearts, LLC Crisis Center Medical Clinic
  • Kenneth W. Jackson, APRN Physician
  • Real Estate Runner and Mobile Notary Public Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$975k
Comparable Approach Comparable
$938k
Blend (final) Blend
$945k
Owner & transaction history
Philip Martin Calcese · 3 yrs held
Philip Martin Calcese
since 2023
Last sale
$950,000
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
$950,000
2022
Price N/A
2022
Price N/A
2018
$299,000
2010
$125,000
Zoning & alternative use
O-1 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.5M +35.9%
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