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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
211 University Ave Clarksville, TN 37040-5127
Entity Owned
~
Est. High Equity
Property ID
US80-1294036
Property summary
AI-generated overview
This exceptional 5,400 square foot commercial property at 211 University Avenue in Clarksville, Tennessee, presents a unique opportunity for businesses seeking a prime location. Currently vacant, this single-tenant space offers unparalleled flexibility for a variety of uses, including retail, office, or service-based businesses. The entire 5,400 square feet is available for immediate occupancy, allowing for a complete custom build-out to perfectly suit your operational needs. Located in Montgomery County, this property boasts excellent visibility and accessibility due to its position in a high-traffic area of Clarksville. Ample parking is readily available for customers and employees, ensuring convenient access. The property's location within a thriving commercial district offers significant growth potential and the adaptability to accommodate diverse business models. Whether you are interested in purchasing this prime real estate or leasing the space with the option for a customized build-out, 211 University Avenue offers a compelling investment or operational opportunity in a dynamic Clarksville market. The property is situated at 211 University Ave, Clarksville, TN 37040.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
FRAME
Total area
3,600 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CBD
APN
066K B 00600 000
UPID
US80-1294036
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$837k
Blend (final)
Blend
$825k
Owner & transaction history
Marvel Clarksvjisle Rec LLC
Marvel Clarksvjisle Rec LLC
since 2025
Last sale
$810,000
4 recorded transactions
Zoning & alternative use
CBD · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$910,000
+59.5%
Warehouse, storage
$825,000
+44.6%
Medical building
$625,000
+9.4%
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
$995,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$570,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$825,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +9% · Conversion: Easy
RETAIL STORES
$570,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $810k (Jul 7 2022)
Last sale anchor
$810k
Jul 7 2022
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
$229 / 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
$11,830
Tax year 2023
Assessed value
$280,320
Assessed 2023
Previous assessed
$280,320
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$362,300
Improvement market value
$338,500
Total market value
$700,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
1
Total area
3,600 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CBD
APN
066K B 00600 000
UPID
US80-1294036
Jurisdiction
MONTGOMERY
Zoning & alternative use
CBD · Clarksville, TN
Zoning CBD · permitted uses
CBD · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clarksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$825,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$570,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Marvel Clarksvjisle Rec LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
$1,200,000
Marvel Clarksvjisle Rec LLC
Dennis B Ziolkowski
Warranty Deed
$2,270,400 · F & M Bank
Nov 13, 2025
—
Marvel Clarksville Rec LLC
Dennis B Ziolkowski
Quitclaim Deed
related
—
Jul 7, 2022
$810,000
Dennis B Ziolkowski
Jasmin A Chambers
Warranty Deed
$600,000 · F & M Bank
Jun 22, 2001
—
City Of Clarksville
Rivera,rigoberto
Grant Deed
related
—
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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