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    1850 Memorial Dr Clarksville, TN 37043
    Property profile & analytics

    1850 Memorial Dr, Clarksville, TN 37043

    View on Map
    • Office buildings
    • 3,056 SF
    • 0.55 lot acres
    For Sale
    $995,000
    View Listing →
    Office Suites on Memorial Drive For Sale
    $995,000
    3,056 SF

    Office Suites on Memorial Drive

    Three office suites with high visibility and income potential.

    1850 Memorial Dr, Clarksville, TN 37043
    View Listing
    Property ID
    US80-1507648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    5.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Health Consultants Inc / Physician
    • The Peddler / Newspaper & Magazine / Publishing House
    • Legends Realty / Real Estate Agency
    • A Caring Home Care Services/Clarksville / Home Health Care Service / Care Services

    Property Details for 1850 Memorial Dr

    Year built
    1998
    Lot size
    0.55 lot acres
    Zone code
    O-1
    Property type
    Office buildings
    APN
    065N J 02303 000
    APU
    065NJ02303000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $500,000
      6.5%
      $460,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $639,000
      Market price range: $294k - $677k
      AI Estimate
      $639,000
      Market price range: $294k - $677k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $515,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,010,000
      Change: +96% Conversion: Difficult
      WAREHOUSE, STORAGE
      $700,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $485,000
      Change: -6% Conversion: Moderate
      MEDICAL BUILDING
      $455,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3021
    Latitude
    36.521
    CBSA code
    17300
    CBSA name
    CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,061
    $0.00
    $0.00
    $167,320
    -
    $146,900
    $271,400
    $418,300

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      282 Clear Sky Ct

      OFFICE BUILDING
      282 Clear Sky Ct, Clarksville, TN 37043-5653
      View Details
    • Value Estimation by Request
      3,721 SF

      2675 Townsend Ct

      OFFICE BUILDING
      2675 Townsend Ct, Clarksville, TN 37043-6771
      View Details
    • Value Estimation by Request
      1,674 SF

      1835 Memorial Dr

      OFFICE BUILDING
      1835 Memorial Dr, Clarksville, TN 37043-4691
      View Details
    • Value Estimation
      $515,000
      2,326 SF

      127 Richview Rd

      OFFICE BUILDING
      127 Richview Rd, Clarksville, TN 37043-5220
      View Details
    • Value Estimation
      $610,000
      2,744 SF

      1051 Hwy 76

      OFFICE BUILDING
      1051 Hwy 76, Clarksville, TN 37043-2419
      View Details
    • Value Estimation by Request
      2,190 SF

      2426 Madison St

      OFFICE BUILDING
      2426 Madison St, Clarksville, TN 37043-5455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,056 SF

      Office Suites on Memorial Drive

      Three office suites with high visibility and income potential.
      1850 Memorial Dr, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Pad Ready Commercial Land

      Vacant commercial land with shared access to Highway 41A.
      3067 Highway 41A South, Clarksville, TN 37043
      View Details
    • Contact for pricing

      7.4 Acres Development Opportunity

      7.4 acres of land for development at signalized intersection.
      Highway 41A, Clarksville, TN 37043
      View Details
    • $450,000

      9-Acre Timberland Parcel Near Nashville

      9-acre timberland parcel near Clarksville, Tennessee, close to Nashville.
      1 Gratton Rd, Clarksville, TN 37043
      View Details
    • $250,000

      5-Acre Timberland Parcel Near Clarksville

      5 acres of rolling timberland near Clarksville, Tennessee.
      2 Gratton Rd, Clarksville, TN 37043
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    Similar Nearby for Lease

    • Contact for pricing
      39,156 SF

      Clarksville Office Space Available

      Office building with 39,156 square feet available for rent.
      2971 International Blvd, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office suite available in Weatherly Professional Park.
      800 Weatherly Dr, Clarksville, TN 37043
      View Details
    • Contact for pricing
      2,200 SF

      Clarksville Office Space For Rent

      Office space available for immediate occupancy in Clarksville, Tennessee.
      1832 Memorial Dr, Clarksville, TN 37043
      View Details
    • Contact for pricing
      597 SF

      Clarksville Office Space For Rent

      Low-rise office park with free surface parking in Clarksville, TN.
      211-237 Dunbar Cave Rd, Clarksville, TN 37043
      View Details
    • $19 SF/Yr

      Office Space with Private Offices

      Office space featuring 14 private offices available for rent.
      2279 Raleigh Ct, Clarksville, TN 37043
      View Details
    View Listing
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    Clarksville, TN 37043
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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