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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2029 Tiny Town Rd Clarksville, TN 37042

    • Strip malls
    • 6,300 SF
    • 1.02 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Apr 29, 2024
    $1,675,000
    Value Estimations
    $1,675,000
    Cap Rate Potential
    4.2%
    Strip malls
    Location Intelligence
    Property ID
    US80-2317904
    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.

    Current Use by Public Records

    • Bahama Buck's Clarksville / Bakery / Take-out & Catering

    Property Details for 2029 Tiny Town Rd

    Year built
    2022
    Lot size
    1.02 lot acres
    Property size
    6,300 SF
    Zone code
    C-5
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    007M C 00100 00002007M
    APU
    007MC0010000002007M

    Description

    This exceptional 3,850-square-foot executive office space is located at 2029B Tiny Town Rd, Clarksville, TN 37042, in a high-demand area. Situated in a modern building constructed in 2022, this end-cap unit offers excellent signage opportunities along the high-traffic Tiny Town Road. The property is zoned C5 and benefits from its proximity to an established Bahama Bucks. Suitable for executive, medical, or creative office uses, as well as retail, this space is ready for a first-generation tenant finish-out. A tenant improvement allowance of $30 per square foot is available to qualified tenants, contingent upon acceptable lease terms. Note that vape, smoke, tattoo, liquor, or CBD uses are not permitted. The lease is a triple-net (NNN) agreement, with estimated pass-throughs of $4.40 per square foot annually, in addition to the base rent of $1,410 per month. These pass-throughs include a pro-rata share of real estate taxes, real estate insurance, and exterior maintenance. Utilities are the responsibility of the tenant. The lot size is 1.02 acres. The building does not have elevators. Single tenancy is available. This is a fantastic opportunity for a business seeking a prominent location and attractive build-out incentives.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,675,000
      ML approach
      $1,675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,070,000
      7%
      $995,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,080,000
      Current use
      RESTAURANT
      $2,165,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3361
    Latitude
    36.6282
    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
    $4,303
    $0.00
    $0.00
    $101,975
    -
    $407,900
    $0.00
    $407,900

    Comparable in this City

    • Value Estimation
      $1,065,000
      2,624 SF

      233 Tiny Town Rd

      SHOPPING CENTER, STRIP CENTER • 2,624 SF
      233 Tiny Town Rd, Clarksville, TN 37042-8682
      View Details
    • Value Estimation
      $1,315,000
      2,756 SF

      1471 Tiny Town Rd, Unit 1479

      SHOPPING CENTER, STRIP CENTER • 2,756 SF
      1471 Tiny Town Rd, Clarksville, TN 37042-7202
      View Details
    • Value Estimation by Request
      2,791 SF

      212 Providence Blvd

      SHOPPING CENTER, STRIP CENTER • 2,791 SF
      212 Providence Blvd, Clarksville, TN 37042-4324
      View Details
    • Value Estimation
      $660,000
      5,700 SF

      505 Providence Blvd

      SHOPPING CENTER, STRIP CENTER • 5,700 SF
      505 Providence Blvd, Clarksville, TN 37042-4329
      View Details
    • Value Estimation
      $835,000
      7,200 SF

      2060 Ft Campbell Blvd

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      2060 Ft Campbell Blvd, Clarksville, TN 37042-4975
      View Details
    • Value Estimation
      $685,000
      1,600 SF

      1685 Ft Campbell Blvd

      SHOPPING CENTER, STRIP CENTER • 1,600 SF
      1685 Ft Campbell Blvd, Clarksville, TN 37042-4195
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Prime Retail Space, Tiny Town Rd.

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      2029 Tiny Town Rd, Clarksville, TN 37042
      View Details
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      View Details
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    Clarksville, TN 37042
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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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