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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
High-rise multifamily apartments
311 Hawkins Rd Clarksville, TN 37040-8520
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0029034
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1974
Total area
8,520 SF
Lot
9.8 ac (426,888 SF)
Zoning code
R-4
APN
079 03900 000
UPID
US80-0029034
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
-
Autumn Ridge Apartments Apartment Building Apartment Complex
-
Mysite: Home Marketing & Advertising Advertising Agency
-
Seth Guillen Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Millan Holdings LLC · 5 yrs held
Millan Holdings LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
R-4 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,930,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,160,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,955,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.40M (Feb 4 2021)
Last sale anchor
$2.40M
Feb 4 2021
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
$295 / 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
$82,129
Tax year 2023
Assessed value
$1,946,200
Assessed 2023
Previous assessed
$1,946,200
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$339,500
Improvement market value
$4,526,000
Total market value
$4,865,500
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1974
Heating
YES
Cooling
AC.PACKAGE
Buildings
8
Stories
3
Bathrooms
3
Total area
8,520 SF
Lot
9.8 ac (426,888 SF)
Zoning code
R-4
APN
079 03900 000
UPID
US80-0029034
Jurisdiction
MONTGOMERY
Zoning & alternative use
R-4 · Clarksville, TN
Zoning R-4 · permitted uses
R-4 · 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
RESTAURANT
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1974
Heating
YES
Cooling
Yes
Stories
3
Buildings
8
Bathrooms
3
Lot
9.8 ac
Current owner
From public records · entity-resolved
Millan Holdings LLC
Entity
Free & Clear · 5 yrs held
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
—
Millan Holdings LLC
Leo Millan
Intrafamily Transfer
related
—
May 8, 2015
—
Leo Millan
—
Grant Deed
related
$3,600,000 · Planters Bk
Jan 3, 2013
$2,400,000
Leo Millan
Edmondson,glenn M
Grant Deed
$2,400,000 · Glenn M Edmondson
Sep 11, 2012
—
Chastain Howard D JR 2004 Trust
Ruzicka,gregory V
Quit Claim Deed
related
—
Jun 1, 2009
—
Ruzicka,gregory V
Ruzicka,donna L
Quit Claim Deed
related
—
Nov 2, 2006
—
Ruzicka,gregory V & Donna L
Park Center Exchange I LLC
Quit Claim Deed
related
—
Nov 2, 2006
$4,200,000
Park Center Exchange I LLC
Edmondson,glenn M
Warranty Deed
$2,350,000 · Glenn M Edmondson
Jun 15, 1993
$943,748
Glenn M Edmondson
Unknown
Grant Deed
—
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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