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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Strip malls
1919 Tiny Town Rd Clarksville, TN 37042-0860
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3508257
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
4,900 SF
Lot
4.88 ac (212,573 SF)
Zoning code
C-5
APN
008 01304 000
UPID
US80-3508257
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
-
Debra Pepper Realtor - Keystone Realty Real Estate Agency
-
The Hospitality Team @ Keystone Realty & Management Real Estate Agency
-
Debra Pepper, Realtor with Keystone Realty & Management Real Estate Agency
-
Misty Bejma, Keystone Realty and Management Real Estate Agency
-
Bill Mace Homes Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.34M
Owner & transaction history
Bill Mace · 5 yrs held
Bill Mace
since 2020
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
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10%
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
$477 / 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
$34,525
Tax year 2023
Assessed value
$818,120
Assessed 2023
Previous assessed
$818,120
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$715,700
Improvement market value
$1,329,600
Total market value
$2,045,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Units
1
Bathrooms
5
Total area
4,900 SF
Lot
4.88 ac (212,573 SF)
Zoning code
C-5
APN
008 01304 000
UPID
US80-3508257
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
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Units
1
Bathrooms
5
Lot
4.88 ac
Current owner
From public records · entity-resolved
Bill Mace
Individual
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
Bill Mace
James R Burkhart
Warranty Deed
related
—
Nov 23, 2020
$450,000
Bill Mace
Cherry Development Co
Warranty Deed
$2,720,000 · William L JR Belew
Oct 13, 2020
—
Bill Mace
Jonathan M Ross
Quit Claim Deed
related
—
Oct 2, 2020
—
Bill Mace
Mainstreet Investments
Warranty Deed
related
—
Aug 27, 2020
$780,000
Bill Mace
JR William L Belew
Warranty Deed
—
Aug 7, 2020
—
Bill Mace
Jeffrey D Burkhart
Warranty Deed
related
—
Jun 5, 2020
—
Bill Mace
J & N Ents INC
Quit Claim Deed
related
—
Dec 9, 2019
$800,000
Bill Mace
J & N Ents INC
Warranty Deed
$2,640,000 · William L JR Belew
Oct 23, 2019
—
Jennifer M Brown
Jennifer M Brown
Quit Claim Deed
related
—
Jan 14, 2019
—
Bill Mace Homes
Suiter,billy R
Quit Claim Deed
related
—
Mar 29, 2018
—
Billy J Mace
—
Grant Deed
related
$1,643,250 · Heritage Bk USA
Oct 17, 2016
—
Billy J Mace
—
Trustees Deed
related
$1,000,000 · Suk Lee
Jun 18, 2010
—
Billy J Mace
—
Deed Of Trust
related
$2,190,695 · Heritage Bank
Jun 15, 2007
$150,000
Bills Construction
Meredith Clark & Assocs LLC
Warranty Deed
$151,000 · Green Bk
Apr 26, 2006
—
Mace,billy J
—
Trustees Deed
related
$500,000 · Heritage Bk NA-09
Nov 3, 2005
$750,000
Mace,billy J
Hardy Management Co INC
Grant Deed
$1,600,000 · Heritage Bk NA-09
Jun 30, 2004
$17,000
State Of Tennessee
Bomar,cheri B Etal
Grant Deed
—
Jun 30, 2004
—
State Of Tennessee
Pierce Hardy
Warranty Deed
related
—
—
—
Bills Construction
—
Deed Of Trust
related
$4,200,000 · Heritage Bk NA-09
—
—
Billy J Mace
—
Deed Of Trust
related
$463,975 · Manier & Herod
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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