Back to Search
Property profile & analytics
FOR SALE
Office buildings
2503 Wilma Rudolph Blvd Clarksville, TN 37040
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-1193434
For Sale
1 / 27
$2,850,000
2503 Wilma Rudolph Blvd, Clarksville, TN 37040
View Listing →
Property summary
AI-generated overview
This exceptional three-story, 15,000-square-foot Class B office building is situated on a 0.91-acre lot at 2503 Wilma Rudolph Boulevard in Clarksville, Tennessee, zip code 37040. The property boasts a highly visible location in a coveted commercial and retail submarket, benefiting from easy access at a lighted interchange. The building features numerous private offices of varying sizes, restrooms on each floor, multiple conference rooms, a break room, an administrative desk and lobby area, and a large meeting space in a daylight basement. Ample storage is also available. The building's prominent location offers unmatched signage and visibility opportunities. Currently tenant-occupied, lease details are available upon request. The asking price is $2,950,000, translating to $196.67 per square foot. The property is zoned C-5 and presents an incredibly rare opportunity to acquire a landmark building along the Wilma Rudolph corridor. This is a single building, three-story structure.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
10,000 SF
Lot
0.93 ac (40,511 SF)
Zoning code
C-5
APN
041 06901 000
UPID
US80-1193434
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
-
Chris Trawinski, Real Estate Real Estate Agency
-
Amber Proctor, Realtor®, MRP, AHWD, e-PRO Real Estate Agency
-
Lisa McDaniel, REALTOR® Real Estate Agency
-
Berkshire Hathaway HomeServices PenFed Realty Real Estate Agency
-
Susan Austin with Berkshire Hathaway PenFed Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.33M
Owner & transaction history
F & F Ptshp · 8 yrs held
F & F Ptshp
since 2018
6 recorded transactions
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+116.6%
Neighborhood: shopping center
$2.5M
+59.5%
Warehouse, storage
$2.3M
+44.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
RESTAURANT
$3,440,000
Change: +117% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,535,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,295,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,735,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,585,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10%
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
$233 / 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
$29,869
Tax year 2023
Assessed value
$707,800
Assessed 2023
Previous assessed
$707,800
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$838,500
Improvement market value
$931,000
Total market value
$1,769,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2000
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
5
Total area
10,000 SF
Lot
0.93 ac (40,511 SF)
Zoning code
C-5
APN
041 06901 000
UPID
US80-1193434
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-5 · Clarksville, TN
Zoning C-5 · permitted uses
C-5 · 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
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL 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
2000
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
5
Lot
0.93 ac
Current owner
From public records · entity-resolved
F & F Ptshp
Individual
Free & Clear · 8 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
May 21, 2019
—
Villa De Narre LLC
—
Grant Deed
related
$1,253,845 · Planters Bk
Jul 10, 2018
$532,000
F & F Ptshp
Rl Executive Plaza LLC
Warranty Deed
—
Mar 28, 2011
—
Villa De Narre LLC
—
Deed Of Trust
related
$4,165,500 · Zions First National Bank
Jul 8, 2005
$700,100
Villa Denarre LLC
Powers & Atkins LLC
Grant Deed
—
Jul 8, 2005
$1,600,000
Villa Denarre LLC
Powers & Atkins LLC
Grant Deed
—
—
—
Hearthstone Partners
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
