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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Medical Office Space
2199 Memorial Dr Clarksville, TN 37043-4447
Entity Owned
28-yr Hold
Free & Clear
Property ID
US80-1567742
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1991
Construction
FRAME
Total area
13,416 SF
Lot
2.55 ac (111,078 SF)
Zoning code
O-1
APN
064I A 00102 000
UPID
US80-1567742
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
-
Dr. Laurie A. Harris-Ford, MD Pediatrician Medical Clinic
-
Schultz Stephanie MD Pediatrician Medical Clinic
-
Paul Darke, MD, FAAP Pediatrician Medical Clinic
-
Dr. William R. Moore, MD Pediatrician Medical Clinic
-
Dr. Timothy R. Roads, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.61M
Owner & transaction history
Health Care Property Inves · 28 yrs held
Health Care Property Inves
since 1998
2 recorded transactions
Zoning & alternative use
O-1 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the O-1 Office District is to provide areas for general, professional and business offices and related activities at various scales and levels of intensity. These areas may provide neighborhood services immediately adjacent to residential areas or for uses of greater intensity located along major street corridors. (Ord. No. 137-2021-22, 7-7-20…
Zone name
Office District
General category
COMMERCIAL
Zone area
422.73 ac
Source
zoning ordinance
Top alternative use upside
Office building
$2.3M
+12.9%
Retail stores
$2.1M
+5.8%
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,010,000
Current use
OFFICE BUILDING
$2,270,000
Change: +13% · Conversion: Easy
RETAIL STORES
$2,125,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,660,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$120 / 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
$23,865
Tax year 2023
Assessed value
$565,520
Assessed 2023
Previous assessed
$565,520
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$276,900
Improvement market value
$1,136,900
Total market value
$1,413,800
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
8
Total area
13,416 SF
Lot
2.55 ac (111,078 SF)
Zoning code
O-1
APN
064I A 00102 000
UPID
US80-1567742
Jurisdiction
MONTGOMERY
Zoning & alternative use
O-1 · Clarksville, TNZoning O-1 · permitted uses
O-1 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the O-1 Office District is to provide areas for general, professional and business offices and related activities at various scales and levels of intensity. These areas may provide neighborhood services immediately adjacent to residential areas or for uses of greater intensity located along major street corridors. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.18
Zone name
Office District
General category
COMMERCIAL
Zone area
422.73 ac
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
8
Lot
2.55 ac
Current owner
From public records · entity-resolved
Health Care Property Inves
Entity
Free & Clear · 28 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 1998
$1,485,000
Health Care Property Inves
—
Grant Deed
related
—
May 21, 1990
$225,000
Harold F Vann
Unknown
Grant Deed
—
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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