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    2315 Madison St Clarksville, TN 37043-5454
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    Property profile & analytics

    2315 Madison St Clarksville, TN 37043-5454

    View on Map
    • Outlet malls
    • 206,229 SF
    • 24.57 lot acres
    Off-Market
    Property ID
    US80-1474658
    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.
    Value Estimations
    $17,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 55 Gallon Drums Clarksville / Big Box & Wholesale Store / Factory
    • Subway / Take-out & Catering
    • Walmart Vision & Glasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Walmart Pharmacy / Pharmacy
    • FSNB / Bank / Loan Service

    Property Details for 2315 Madison St

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    24.57 lot acres
    Property size
    206,229 SF
    Zone code
    C-5
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    081 04902 000
    APU
    8104902000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,501,000
      Market price range: $15.1M - $46.1M
      AI Estimate
      $17,272,000
      Market price range: $15.1M - $46.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.2699
    Latitude
    36.5096
    CBSA code
    17300
    CBSA name
    CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $226,285
    $0.00
    $0.00
    $5,362,200
    -
    $3,450,200
    $9,955,300
    $13,405,500

    Comparable in this City

    • Value Estimation
      $11,225,000
      142,146 SF

      1622 Madison St

      WHOLESALE OUTLET, DISCOUNT STORE • 142,146 SF
      1622 Madison St, Clarksville, TN 37043-4911
      View Details
    • Value Estimation
      $4,550,000
      24,144 SF

      625 Cola Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 24,144 SF
      625 Cola Dr, Clarksville, TN 37043-2497
      View Details
    • Value Estimation
      $700,000
      1,716 SF

      2305 Madison St

      SHOPPING CENTER, STRIP CENTER • 1,716 SF
      2305 Madison St, Clarksville, TN 37043-4527
      View Details
    • Value Estimation
      $610,000
      1,275 SF

      2421 Madison St

      SHOPPING CENTER, STRIP CENTER • 1,275 SF
      2421 Madison St, Clarksville, TN 37043-2835
      View Details
    • Value Estimation by Request
      3,500 SF

      101 Otis Smith Dr

      SHOPPING CENTER, STRIP CENTER • 3,500 SF
      101 Otis Smith Dr, Clarksville, TN 37043-8940
      View Details
    • Value Estimation
      $500,000
      4,148 SF

      625 Huntco Dr

      SHOPPING CENTER, STRIP CENTER • 4,148 SF
      625 Huntco Dr, Clarksville, TN 37043-2432
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Volume Retail Center For Sale

      Retail center anchored by high-volume Walmart in Clarksville, Tennessee.
      2323 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Commercial Land on Madison Street

      Prime commercial opportunity in high-traffic Clarksville location.
      2440 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      7.4 Acres Development Opportunity

      7.4 acres of land for development at signalized intersection.
      Highway 41A, Clarksville, TN 37043
      View Details
    • $475,000

      Pad Ready Commercial Land

      Vacant commercial land with shared access to Highway 41A.
      3067 Highway 41A South, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Land For Sale Clarksville

      14.24 +/- acres of land for sale.
      Madison St And Old Farmer Rd, Clarksville, TN 37043
      View Details
    • $3,999,950

      Commercial Land on Madison Street

      High-traffic commercial land with road frontage and I-24 access.
      2630 Madison St, Clarksville, TN 37043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,800 SF

      Retail Center at Clover Glenn

      13,800 SF retail center with 2,640 SF available.
      549 Neptune Dr, Clarksville, TN 37043
      View Details
    • $25 SF/Yr

      Retail Space For Rent

      36,000 SF retail space available for lease.
      447 Warfield Boulevard Ct, Clarksville, TN 37043
      View Details
    • $2,900 /Mo

      Retail Space in Trade Winds

      Retail space available in the Trade Winds South Shopping Center.
      1955C Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Retail and office spaces available for lease.
      447 Warfield Boulevard Ct, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Clarksville, Tennessee.
      1979 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Clarksville, Tennessee.
      1983 Madison St, Clarksville, TN 37043
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      2.0k
    • Avg Time on site
      39 min
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    Clarksville, TN 37043-5454
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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.

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