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Property profile & analytics
OFF-MARKET Estimated value $625,000
Office buildings

221 2nd St Clarksville, TN 37040-3629

3,285 SF 0.19 ac lot Built 1969
Individually Owned 1-yr Hold Free & Clear
Property ID
US80-0326891
Property summary
AI-generated overview

This exceptional 3,290 square foot office building is situated in the vibrant heart of Downtown Clarksville, Tennessee. Its prime location places it directly across from the Customs House Museum and a mere block from the courthouse, offering unparalleled visibility and convenience. The building is ideally suited for a law firm or other professional business requiring ample space, with the potential to accommodate four or more attorneys. The interior boasts multiple private offices, a spacious reception area, two dedicated paralegal offices, a formal conference room, a well-appointed administrative office, and a generously sized vaulted storage room. A convenient kitchen and additional offices for support staff are also included, along with two restrooms. The property provides approximately ten parking spaces, a significant advantage in a bustling downtown area. This location offers easy access to the new F&M Arena, the downtown park, and a variety of highly-rated restaurants, making it an exceptional opportunity to participate in Clarksville's exciting growth trajectory. The 0.19-acre lot ensures ample space for the building and its parking. This is a rare opportunity to acquire a well-established and highly desirable office building in a thriving downtown setting.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 3,285 SF
Lot 0.19 ac (8,276 SF)
Zoning code CBD
APN 066K A 02600 000
UPID US80-0326891
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
  • Bill Aldred Law Firm
  • Aldred Law Firm Law Firm
  • Julie M. Reyes Law Firm
  • Thompson Allan Law Firm
  • Montgomery County Community County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$495k
Comparable Approach Comparable
$445k
Blend (final) Blend
$625k
Owner & transaction history
Jeffrey B Clark · 1 yrs held
Jeffrey B Clark
since 2025
Last sale
$795,000
2 recorded transactions
2025
$795,000
1993
$157,250
Zoning & alternative use
CBD · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $830,000 +59.5%
Warehouse, storage $755,000 +44.6%
Medical building $570,000 +9.4%
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