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Property profile & analytics
OFF-MARKET
Estimated value
$11,000,000
High-rise multifamily apartments
229 Johnson Cir Clarksville, TN 37040-2280
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2124733
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2023
Total area
34,546 SF
Lot
5.68 ac (247,421 SF)
Zoning code
R-4
APN
079 04001 000
UPID
US80-2124733
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
-
East Johnson Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.00M
Owner & transaction history
East Johnson LLC · 1 yrs held
East Johnson LLC
since 2024
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
R-4 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,000,000
ML approach
$11,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,880,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,750,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,935,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.00M
Range $9.90M – $12.10M · ±10% · vs last sale $11.00M (Aug 1 2024)
Last sale anchor
$11.00M
Aug 1 2024
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
$318 / 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
$22,489
Tax year 2023
Assessed value
$64,875
Assessed 2023
Previous assessed
$64,875
+0.0% YoY
Effective rate
34.67%
On assessed value
Land market value
$49,200
Total market value
$49,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2023
Heating
YES
Cooling
YES
Total area
34,546 SF
Lot
5.68 ac (247,421 SF)
Zoning code
R-4
APN
079 04001 000
UPID
US80-2124733
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-4 · Clarksville, TN
Zoning R-4 · permitted uses
R-4 · 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
RESTAURANT
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$7.9M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2023
Heating
YES
Cooling
Yes
Lot
5.68 ac
Current owner
From public records · entity-resolved
East Johnson LLC
Entity
Mailing address
127 CTR POINTE DR, CLARKSVILLE, TN 37040-8424
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$11,000,000
East Johnson LLC
Singletary Investments LLC
Warranty Deed
$8,125,000 · Colliers Mortgage LLC
Jul 19, 2023
—
Singletary Construction
Singletary Construction LLC
Intrafamily Transfer
related
—
Feb 23, 2022
$875,000
Singletary Construction LLC
Robert S Powers
Warranty Deed
—
Dec 6, 2021
$485,000
Robert S Powers
Glenn Michael Edmondson
Warranty Deed
—
Jun 24, 2016
—
Edmondson,glenn M Living Trust
Edmondson,glenn M & Michael C
Quit Claim Deed
related
—
Nov 21, 2011
$88,500
Michael C Edmondso
Edmondson,glenn M
Warranty 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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