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    2622 Madison St Clarksville, TN 37043-6548
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    Property profile & analytics

    2622 Madison St, Clarksville, TN 37043-6548

    View on Map
    • Strip malls
    • 4,020 SF
    • 1.37 lot acres
    Off-Market
    Last Sale May 31, 2023
    $3,600,000
    Property ID
    US80-2325559
    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
    $2,605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sango Pharmacy / Pharmacy
    • Golly G's Ice Cream / Bakery / Specialty Food Shop
    • Sango Smiles Pediatric Dentistry / Dental Office
    • Catherine Meeks / Pharmacy
    • Dr. Crystal Rucker / Dental Office

    Property Details for 2622 Madison St

    Year built
    2017
    Lot size
    1.37 lot acres
    Zone code
    C-5
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    081 12000 000
    APU
    8112000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2023 $3,600,000 Dj Development LLC Connie J Wilson Warranty Deed $1.6M · Planters Bank
    Dec 30, 2021 — Connie J Wilson Fulton Wilson Intrafamily Transfer · related —
    Dec 28, 2021 — Fulton Wilson Connie Wilson Intrafamily Transfer · related —
    Mar 5, 2018 — D J Dev LLC D J Dev LLC Quit Claim Deed · related —
    Jan 24, 2018 $207,000 D J Dev LLC D J Dev 2 LLC Warranty Deed · related —
    Apr 18, 2016 $195,000 D J Dev 2 LLC Wilson,fulton L & Connie R Warranty Deed —
    Nov 10, 2015 — Industrial Dev Board Of Cnty & Mont Wilson,fulton L & Connie R Grant Deed · related $1.6M · J Jireh & Associates
    Mar 5, 2008 — Abercrombie,betty W Abercrombie,edward L Quit Claim Deed · related —
    Mar 5, 2008 $556,000 Wilson,fulton L & Connie R Abercrombie,betty W Warranty Deed $556k · Traditions First Bk
    Dec 14, 2007 $22,250 State Of Tennessee Abercrombie,betty W Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,916,000
      Market price range: $465k - $1.92M
      AI Estimate
      $1,916,000
      Market price range: $465k - $1.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.2569
    Latitude
    36.5043
    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
    $33,409
    $0.00
    $0.00
    $791,680
    -
    $441,800
    $1,537,400
    $1,979,200

    Comparable in this City

    • Value Estimation
      $850,000
      4,920 SF

      2484 Madison St

      SHOPPING CENTER, STRIP CENTER
      2484 Madison St, Clarksville, TN 37043
      View Details
    • Value Estimation
      $1,800,000
      3,960 SF

      1810 Madison St

      SHOPPING CENTER, STRIP CENTER
      1810 Madison St, Clarksville, TN 37043-4904
      View Details
    • Value Estimation
      $935,000
      1,960 SF

      1839 Madison St

      SHOPPING CENTER, STRIP CENTER
      1839 Madison St, Clarksville, TN 37043-4903
      View Details
    • Value Estimation
      $975,000
      2,091 SF

      2212 Madison St

      SHOPPING CENTER, STRIP CENTER
      2212 Madison St, Clarksville, TN 37043-5238
      View Details
    • Value Estimation
      $1,060,000
      4,532 SF

      1788 Madison St

      SHOPPING CENTER, STRIP CENTER
      1788 Madison St, Clarksville, TN 37043-4964
      View Details
    • Value Estimation
      $1,080,000
      3,000 SF

      120 Dunbar Cave Rd

      SHOPPING CENTER, STRIP CENTER
      120 Dunbar Cave Rd, Clarksville, TN 37043-8862
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      NNN leased retail property in a growing Tennessee city.
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      Warfield Boulevard Commercial Land

      1.90 acres with existing structure near Wilma Rudolph Blvd.
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      Commercial Land on Madison Street

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

      14.24 +/- acres of land for sale.
      Madison St And Old Farmer Rd, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Pad Ready Commercial Land

      Vacant commercial land with shared access to Highway 41A.
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    Similar Nearby for Lease

    • Contact for pricing
      1,549 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a high-traffic, Publix-anchored shopping center.
      1769 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing
      2,925 SF

      Retail Center Space For Lease

      Retail spaces available in well-located Clarksville shopping center.
      1960 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
    • $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
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    Clarksville, TN 37043-6548
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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.

    More about this property
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