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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
305 Dover Rd Clarksville, TN 37042-4157
Entity Owned
~
Est. High Equity
Property ID
US80-1814395
Property summary
AI-generated overview
This exceptional mixed-use property, located at 305 Dover Road in Clarksville, Tennessee, presents a compelling investment opportunity. Boasting a substantial 4,456 square feet of space situated on a 1.05-acre corner lot, this property benefits from its prime location within the thriving Dover Road corridor. This area is experiencing significant growth, characterized by increasing residential density and a continuous influx of new homes. The high volume of traffic passing this location is readily verifiable through traffic count maps obtainable from the Tennessee Department of Transportation (TDOT). The property's size and strategic placement make it ideal for a variety of commercial ventures, offering significant potential for both immediate returns and long-term appreciation. The asking price of $750,000 reflects the property's exceptional value and potential within this rapidly developing commercial area. Serious inquiries are encouraged to explore the possibilities this unique Clarksville property offers. Further details regarding zoning and permitted uses are available upon request.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2008
Total area
4,456 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C-2
APN
054E F 00803 000
UPID
US80-1814395
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
-
Lassiter Pam Employment Agency
-
Leah Daniels Physician
-
Kelly Foley Physician
-
Sara Best Medical Clinic
-
Kristen R. Dortch-Farmer, Physician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$700k
Owner & transaction history
Hwy 41a Realty LLC
Hwy 41a Realty LLC
since 2025
Last sale
$551,000
7 recorded transactions
Zoning & alternative use
C-2 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+32.3%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$775,000
Current use
WAREHOUSE, STORAGE
$1,025,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: -6% · Conversion: Easy
RETAIL STORES
$705,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $551k (Jul 7 2025)
Last sale anchor
$551k
Jul 7 2025
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
$157 / 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
$10,331
Tax year 2023
Assessed value
$244,800
Assessed 2023
Previous assessed
$244,800
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$143,400
Improvement market value
$468,600
Total market value
$612,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2008
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
4,456 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C-2
APN
054E F 00803 000
UPID
US80-1814395
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-2 · Clarksville, TN
Zoning C-2 · permitted uses
C-2 · 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
MEDICAL BUILDING Current
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE 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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Hwy 41a Realty LLC
Entity
Mailing address
300 SW BROAD ST, SOUTHERN PINES, NC 28387-5407
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$551,000
Hwy 41a Realty LLC
First Troy Spe LLC
Special Warranty Deed
$660,000 · F & M Bank
Aug 19, 2024
—
First Troy Spe LLC
First Bank
Quit Claim Deed
related
—
Apr 15, 2024
$701,250
First Bank
Gw Cole Holding LLC
Deed
—
May 24, 2016
—
Gw Cole Holding LLC
Cole,gary W
Quit Claim Deed
related
—
Jul 3, 2008
$180,000
Cole,gary W
Mace,billy J
Warranty Deed
$400,000 · Heritage Bk NA-09
Apr 13, 2007
$110,000
Mace,billy J
Vaughn,m Ray
Warranty Deed
$93,500 · M Ray Vaughn
Oct 17, 2006
—
Vaughn,vincent R & Mary F Tr
Vaughn,m Ray
Quit Claim Deed
related
—
May 16, 2002
—
M Ray Vaughn
Vaughn,mary F
Quit Claim Deed
related
—
Feb 16, 1995
$15,000
M Ray Vaughn
—
Grant Deed
related
—
—
—
Cole,gary W
—
Loan Modification
related
$575,000 · Heritage Bk NA-09
—
—
Cole,gary W
—
Loan Modification
related
$400,000 · Heritage Bk NA-09
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.
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