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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Medical Office Space
231 Hillcrest Dr Clarksville, TN 37043-5093
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1210978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1988
Total area
5,184 SF
Lot
0.72 ac (31,363 SF)
Zoning code
O-1
APN
065N J 00400 000
UPID
US80-1210978
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
-
DaVita Clarksville Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Luis Pineda · 6 yrs held
Luis Pineda
since 2020
Last sale
$1.7M
4 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
Restaurant
$1.8M
+129.8%
Neighborhood: shopping center
$1.7M
+120.9%
Warehouse, storage
$1.2M
+53.5%
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%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$775,000
Current use
RESTAURANT
$1,785,000
Change: +130% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,715,000
Change: +121% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,190,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +13% · Conversion: Easy
RETAIL STORES
$820,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.66M (Mar 20 2020)
Last sale anchor
$1.66M
Mar 20 2020
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
$247 / 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
$11,870
Tax year 2023
Assessed value
$280,720
Assessed 2023
Previous assessed
$281,280
-0.2% YoY
Effective rate
4.23%
On assessed value
Land market value
$157,500
Improvement market value
$544,300
Total market value
$701,800
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
1988
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
5,184 SF
Lot
0.72 ac (31,363 SF)
Zoning code
O-1
APN
065N J 00400 000
UPID
US80-1210978
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
$775,000
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$820,000
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE 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
1988
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
0.72 ac
Current owner
From public records · entity-resolved
Luis Pineda
Individual
Ownership since
2020
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
Mar 20, 2020
$1,656,000
Luis Pineda
Dva Clarksville Tn Landlord LLC
Special Warranty Deed
$1,186,000 · Capstar Bank
Dec 1, 2016
$1,547,117
Clarksville Tn Landlord Ll
Genesis Kc Dev LLC
Grant Deed
—
Jul 8, 2016
—
Genesis Kc Dev LLC
Dva Renal Healthcare INC
Quit Claim Deed
related
—
Aug 29, 1988
$100,000
Center-clarksville Ren
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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