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

    2190 Allen Griffey Rd Clarksville, TN 37042

    • Commercial real estate
    • 76,000 SF
    • 8.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0256951
    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

    • Commercial real estate

    Property Details for 2190 Allen Griffey Rd

    Year built
    2022
    Lot size
    8.00 lot acres
    Property size
    76,000 SF
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity: The Retreat, a Class A apartment complex in Clarksville, Tennessee, is offered at $12,000,000. This stabilized multifamily property boasts 64 units across 11 all-brick buildings, constructed in 2022. The 76,000-78,000 square foot complex sits on 8-8.5 acres and features a mix of 4 flats (960 sq ft, 2 bed/1 bath) and 60 townhomes (1145 sq ft, 2 bed/1.5 bath

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3825926
    Latitude
    36.6023652

    Comparable in this City

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      High-Visibility Clarksville Office Building

      Prime Office Space, High Traffic, Value-Add Potential
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    • $1,117,305
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      Clarksville Commercial Land - Prime Location

      1.71 Acres, C-5 Zoning, High Traffic
      5 Tiny Town Rd, Clarksville, TN 37042
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    • $1,200,000

      Land Opportunity for Car Wash

      Entitled, shovel-ready site for express car wash development.
      255 Tiny Town Rd, Clarksville, TN 37042
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    • $695,000
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      Commercial Lot on Highway

      1.228 acre commercial lot with highway access.
      Tiny Town Rd, Clarksville, TN 37042
      View Details
    • $650,000

      Road Frontage on Level Lot

      0.7 acre commercial land with road frontage for sale.
      2029 Fort Campbell Blvd, Clarksville, TN 37042
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    • $899,000
      3,000 SF

      Clarksville Retail Investment Opportunity

      High-Traffic Corner Lot, Strong Lease
      1348 Fort Campbell Blvd, Clarksville, TN 37042
      View Details

    Similar Nearby for Sale

    • $365,000
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      Clarksville Mixed-Use Commercial Property

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    • $599,999
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      Commercial Building with Development Potential

      Prime commercial building with four units and development opportunity.
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      Commercial Land For Sale

      0.28-acre parcel for expansion or development in high-visibility area.
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    • $899,000
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      Clarksville Retail Investment Opportunity

      High-Traffic Corner Lot, Strong Lease
      1348 Fort Campbell Blvd, Clarksville, TN 37042
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    • $899,900
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      Clarksville Retail Investment Opportunity

      High-yield, low-risk Clarksville retail property.
      1348 Fort Campbell Boulevard, Clarksville, TN 37042
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    • $4,773,489
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      New Construction Wawa For Sale

      Recently completed Wawa with long-term lease and strong demographics.
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    Similar Nearby for Lease

    • $850 /Mo

      Renovated Apartment Near Downtown Clarksville

      Newly renovated 2 bed, 1 bath apartment near downtown.
      492 Oak St, Clarksville, TN 37042
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    • $795 /Mo

      Clarksville Apartment Near Dunlop Park

      One-bedroom apartment near Billy Dunlop Park, shopping, and dining.
      3240 Tower Dr, Clarksville, TN 37042
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    • $1,095 /Mo

      Updated Mobile Home for Rent

      Spacious, updated mobile home with modern amenities in Clarksville, TN.
      1050 Ross Ln, Clarksville, TN 37042
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    • $998 /Mo

      Charming Quadplex Near Fort Campbell

      Well-maintained 2-bedroom quadplex with in-unit laundry and private patio.
      521 Patriot Park Ct, Clarksville, TN 37042
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    • $925 /Mo
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      Charming Townhouse with Modern Amenities

      Comfortable townhouse with two bedrooms and modern kitchen.
      355 Peabody Dr, Clarksville, TN 37042
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    • $895 /Mo
      1,000 SF

      Northridge Drive Townhome For Rent

      Townhome with 2 bedrooms, 1.5 baths, convenient location.
      276 Northridge Dr, Clarksville, TN 37042
      View Details
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    2190 Allen Griffey Rd
    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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