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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2831 Wilma Rudolph Blvd Clarksville, TN 37040-5002

    • Retail space
    • 26,880 SF
    • 7.52 lot acres
    OFF-MARKET
    Value Estimations
    $6,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0685955
    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

    • Viking Sewing Gallery / (Bike/Boat/Book/etc) Store
    • Wade Jeffrey T MD / Physician
    • Premier Medical Group Occptnl: Manning Gretta C MD / Physician
    • Dr. Peter A. Silkowski, DO / Pediatrician / Physician
    • King Shawn M MD / Pediatrician / Physician

    Property Details for 2831 Wilma Rudolph Blvd

    Year built
    1989
    Lot size
    7.52 lot acres
    Property size
    26,880 SF
    Zone code
    C-3
    Property type
    Retail space
    APN
    032 11402 000
    APU
    3211402000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,004,000
      Market price range: $1.97M - $6.00M
      AI Estimate
      $6,004,000
      Market price range: $1.97M - $6.00M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,255,000
      Current use
      RESTAURANT
      $9,245,000
      Change: +117% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,810,000
      Change: +60% Conversion: Moderate
      WAREHOUSE, STORAGE
      $6,175,000
      Change: +45% Conversion: Difficult
      MEDICAL BUILDING
      $4,670,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $4,270,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.2913
    Latitude
    36.5888
    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
    $114,609
    $0.00
    $0.00
    $2,704,360
    -
    $1,409,100
    $5,351,800
    $6,760,900

    Comparable in this City

    • Value Estimation
      $9,740,000
      47,416 SF

      111 Merchants Blvd

      RETAIL STORES (PERSONAL SERVICES) • 47,416 SF
      111 Merchants Blvd, Clarksville, TN 37040-1411
      View Details
    • Value Estimation
      $910,000
      7,960 SF

      786 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 7,960 SF
      786 2nd St, Clarksville, TN 37040-1906
      View Details
    • Value Estimation
      $1,335,000
      18,231 SF

      161 Kraft St

      RETAIL STORES (PERSONAL SERVICES) • 18,231 SF
      161 Kraft St, Clarksville, TN 37040-3001
      View Details
    • Value Estimation by Request
      5,046 SF

      1009 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 5,046 SF
      1009 Madison St, Clarksville, TN 37040-3546
      View Details
    • Value Estimation by Request
      1,076 SF

      428 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 1,076 SF
      428 Madison St, Clarksville, TN 37040-3618
      View Details
    • Value Estimation
      $845,000
      4,800 SF

      260 Needmore Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      260 Needmore Rd, Clarksville, TN 37040-6618
      View Details

    Similar Nearby for Sale

    • $5,500,000
      10,031 SF

      Retail Shops Near Governor's Square

      Retail property near a large mall in a growing area.
      3031 Wilma Rudolph Blvd, Clarksville, TN 37040
      View Details
    • Contact for pricing
      1,100,000 SF

      Clarksville Mixed-Use Redevelopment

      1.1M SF, 9.77 acres, CBD zoning
      820 Commerce St, Clarksville, TN 37040
      View Details
    • $2,813,000
      950 SF

      New Dutch Bros Coffee ForSale

      Newly built Dutch Bros in Clarksville, TN for sale.
      2310 Trenton Rd, Clarksville, TN 37040
      View Details
    • Contact for pricing
      19,810 SF

      Brenner Building: Clarksville Retail

      Downtown Clarksville retail building, 19,810 SF
      110 Franklin St, Clarksville, TN 37040
      View Details
    • Contact for pricing
      9,009 SF

      Downtown Clarksville Retail Space

      9,009 SF Retail, Residential, Basement
      126 Franklin St, Clarksville, TN 37040
      View Details
    • Contact for pricing
      1.00 Acre

      Clarksville Commercial Land Opportunity

      Prime TN location, divisible lots, I-24 access.
      0 Wilma Rudolph Blvd, Clarksville, TN 37040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,094 SF

      Downtown Retail/Office Space Available

      Centrally located retail/office space in downtown Clarksville, TN.
      312 Franklin St, Clarksville, TN 37040
      View Details
    • $12 SF/Yr
      12,632 SF

      Retail Space in Kroger-Anchored Center

      Retail suites available in Kroger-anchored center with loading dock.
      1483 Madison St, Clarksville, TN 37040
      View Details
    • Contact for pricing
      1,748 SF

      Retail Space on Riverside Drive

      Retail space with high visibility and traffic counts.
      668 N Riverside Dr, Clarksville, TN 37040
      View Details
    • $14 SF/Yr
      6,550 SF

      Clarksville Mixed-Use Building For Rent

      Mixed-use building with showroom, offices, and warehouse space.
      131 Corporate Dr, Clarksville, TN 37040
      View Details
    • $18 SF/Yr
      6,000 SF

      Clarksville Mixed-Use Property

      Modern Office & Warehouse Space Available
      1030 Smokestack Dr, Clarksville, TN 37040
      View Details
    • $8 SF/Yr
      18,500 SF

      College Street Warehouse - Clarksville, TN

      18,500 SF Warehouse, High Visibility
      1214 College St, Clarksville, TN 37040
      View Details

    Property Visit Statistics

    • Visits by month
      16.5k
    • Visitors by month
      21.2k
    • Avg Time on site
      30 min
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    Clarksville, TN 37040-5002
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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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