Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    235 Med Park Dr Clarksville, TN 37043-6310

    • Medical offices
    • 5,858 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2021
    $550,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    9.5%
    Medical offices
    Location Intelligence
    Property ID
    US80-3413989
    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.

    Current Use by Public Records

    • Cornerstone Pediatric Therapies / Physician

    Property Details for 235 Med Park Dr

    Year built
    1994
    Lot size
    0.98 lot acres
    Property size
    5,858 SF
    Zone code
    O-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    065N J 00700 000
    APU
    065NJ00700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $670,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,055,000
      6.5%
      $975,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $870,000
      Market price range: $704k - $1.24M
      AI Estimate
      $870,000
      Market price range: $704k - $1.24M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $875,000
      Current use
      OFFICE BUILDING
      $990,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $925,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $725,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3038
    Latitude
    36.5194
    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
    $16,866
    $0.00
    $0.00
    $325,320
    -
    $161,900
    $651,400
    $813,300

    Comparable in this City

    • Value Estimation
      $850,000
      4,989 SF

      2305 Rudolphtown Rd

      MEDICAL CLINIC • 4,989 SF
      2305 Rudolphtown Rd, Clarksville, TN 37043-2228
      View Details
    • Value Estimation by Request
      1,792 SF

      120 Medical Ct

      MEDICAL CLINIC • 1,792 SF
      120 Medical Ct, Clarksville, TN 37043-4602
      View Details
    • Value Estimation by Request
      2,800 SF

      1823 Memorial Dr

      MEDICAL CLINIC • 2,800 SF
      1823 Memorial Dr, Clarksville, TN 37043-4604
      View Details
    • Value Estimation by Request
      2,792 SF

      1822 Memorial Dr

      MEDICAL CLINIC • 2,792 SF
      1822 Memorial Dr, Clarksville, TN 37043-4605
      View Details
    • Value Estimation
      $1,025,000
      8,459 SF

      201 Uffelman Dr

      MEDICAL CLINIC • 8,459 SF
      201 Uffelman Dr, Clarksville, TN 37043-2975
      View Details
    • Value Estimation by Request
      2,540 SF

      781 Weatherly Dr

      MEDICAL CLINIC • 2,540 SF
      781 Weatherly Dr, Clarksville, TN 37043-8953
      View Details

    Similar Nearby for Sale

    • $850,000
      1,500 SF

      Rossview Road Medical Office

      1,500 SF Medical Office, Clarksville, TN
      820 Rossview Rd, Clarksville, TN 37043
      View Details
    • $350,000
      912 SF

      Professional Office Building For Sale

      912 SF office building with reception, offices, kitchen.
      1662 Golf Club Ln, Clarksville, TN 37043
      View Details
    • $475,000
      0.39 Acres

      Clarksville Commercial Land - 0.39 Acres

      Prime Clarksville commercial lot, ideal for development.
      0 Huntco Dr, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Commercial land with high traffic and nearby retailers.
      Golf Club Ln, Clarksville, TN 37043
      View Details
    • $2,000,000
      2 SF

      Commercial Tract For Sale

      2.38 acre commercial tract with great visibility.
      Clarksville, TN 37043
      View Details
    • $6,765,000
      14 SF

      Prime Land in Sango Community

      14.24 acres in rapidly developing area with utilities available.
      Madison St And Old Farmer Rd, Clarksville, TN 37043
      View Details

    Similar Nearby for Lease

    • $8,865 /Mo

      Medical Office Space Available

      One-level suite with exam rooms, offices, and bathrooms.
      311 Landrum Pl, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Office Space in Rudolphtown

      Office space for lease in premier location, customizable to needs.
      2281 Rudolphtown Rd, Clarksville, TN 37043
      View Details
    • $26 SF/Yr
      7,200 SF

      Clarksville Office Space - New Construction

      7,200 SF Office, Prime Clarksville Location
      2281 Rudolphtown Rd, Clarksville, TN 37043
      View Details
    • $17 SF/Yr
      2,400 SF

      Renovated Office Space Available

      Completely renovated office space with six offices for rent.
      127 S Richview Rd, Clarksville, TN 37043
      View Details
    • $26 SF/Yr
      873 SF

      Clarksville Office Space For Rent

      Office spaces available in a convenient Clarksville location.
      235 Dunbar Cave Rd, Clarksville, TN 37043
      View Details
    • $25 SF/Yr
      36,000 SF

      The Shoppes at Warfield: Prime Retail Space

      Clarksville, TN retail & office opportunity. Two buildings, fully vacant.
      447 Warfield Boulevard Ct, Clarksville, TN 37043
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    235 Med Park Dr
    Clarksville, TN 37043-6310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.