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    1979 Madison St Clarksville, TN 37043
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    Property profile & analytics

    1979 Madison St, Clarksville, TN 37043

    View on Map
    • Bars & Pubs
    • 4,800 SF
    • 0.65 lot acres
    For Lease
    $78,000 SF/Yr
    View Listing →
    Commercial Land on Madison Street For Lease
    $78,000 SF/Yr

    Commercial Land on Madison Street

    Commercial land for lease in high-traffic retail corridor.

    1979 Madison St, Clarksville, TN 37043
    View Listing
    Property ID
    US80-0801114
    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
    Location Intelligence

    Current Use by Public Records

    • Oneal's Bar & Grill / Bar & Pub / Restaurant

    Property Details for 1979 Madison St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.65 lot acres
    Zone code
    C-5
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    080D C 02100 000
    APU
    080DC02100000

    Description

    This exceptional 0.63-acre commercial land parcel, totaling 27,135 square feet, presents a unique investment opportunity. Located on the bustling Madison Street retail corridor, this property is zoned C-5 Highway and Arterial Commercial District, allowing for a wide range of development possibilities. The site boasts high visibility and significant traffic counts, with an average daily traffic count of 23,917 vehicles. Currently, the site is a ground lease only, with any existing structures slated for demolition, providing a blank canvas for a new development. The strategic location directly across the street from a 24-hour Walgreens ensures high foot traffic and convenient access for potential customers. This prime location offers unparalleled potential for businesses seeking high visibility and accessibility in a thriving commercial area. The substantial lot size provides ample space for a variety of commercial ventures, making it an ideal opportunity for developers and investors seeking a high-impact location. The C-5 zoning designation opens doors to a diverse range of commercial uses, ensuring flexibility and maximizing potential return on investment. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime retail location. This property is for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $731,000
      Market price range: $670k - $2.52M
      AI Estimate
      $731,000
      Market price range: $670k - $2.52M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.295
    Latitude
    36.5142
    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
    $8,043
    $0.00
    $0.00
    $190,600
    -
    $290,100
    $186,400
    $476,500

    Comparable in this City

    • Value Estimation
      $710,000
      3,200 SF

      2458 Madison St

      BAR, TAVERN
      2458 Madison St, Clarksville, TN 37043
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    • Value Estimation by Request
      1,800 SF

      4724 Ashland City Rd

      BAR, TAVERN
      4724 Ashland City Rd, Clarksville, TN 37043-8326
      View Details
    • Value Estimation
      $1,060,000
      6,235 SF

      2620 Madison St

      BAR, TAVERN
      2620 Madison St, Clarksville, TN 37043-5498
      View Details
    • Value Estimation
      $770,000
      1,466 SF

      2219 Madison St

      DRIVE-THRU RESTAURANT, FAST FOOD
      2219 Madison St, Clarksville, TN 37043-5237
      View Details
    • Value Estimation
      $1,045,000
      3,017 SF

      2227 Madison St

      DRIVE-THRU RESTAURANT, FAST FOOD
      2227 Madison St, Clarksville, TN 37043-5287
      View Details
    • Value Estimation
      $845,000
      2,467 SF

      1807 Madison St

      RESTAURANT
      1807 Madison St, Clarksville, TN 37043-4975
      View Details

    Similar Nearby for Sale

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      Clarksville Retail Property For Sale

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      Warfield Boulevard Commercial Land

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      Commercial Land on Madison Street

      High-traffic commercial land with road frontage and I-24 access.
      2630 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Land For Sale Clarksville

      14.24 +/- acres of land for sale.
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    Similar Nearby for Lease

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      Commercial Space For Lease

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      Retail Space For Rent

      36,000 SF retail space available for lease.
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      Retail Space in Trade Winds

      Retail space available in the Trade Winds South Shopping Center.
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      Retail Space in Publix-Anchored Center

      Retail space available in a high-traffic, Publix-anchored shopping center.
      1769 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing
      2,925 SF

      Retail Center Space For Lease

      Retail spaces available in well-located Clarksville shopping center.
      1960 Madison St, Clarksville, TN 37043
      View Details
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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.

    More about this property
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