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    Property profile & analytics

    3269 Tower Dr Clarksville, TN 37042-1559

    • Retail residential properties
    • 4,758 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2024
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0323083
    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

    • Retail residential properties

    Property Details for 3269 Tower Dr

    Year built
    2000
    Lot size
    0.39 lot acres
    Property size
    4,758 SF
    Zone code
    R-4
    Property type
    Retail residential properties
    APN
    007N H 00300 000
    APU
    007NH00300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $730,000
      Market price range: $360k - $885k
      AI Estimate
      $730,000
      Market price range: $360k - $885k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $540,000
      Current use
      WAREHOUSE, STORAGE
      $1,095,000
      Change: +102% Conversion: Difficult
      MEDICAL BUILDING
      $825,000
      Change: +53% Conversion: Easy
      OFFICE BUILDING
      $775,000
      Change: +43% Conversion: Easy
      RETAIL STORES
      $755,000
      Change: +39% Conversion: Easy
      AUTO REPAIR, GARAGE
      $590,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.3508
    Latitude
    36.6278
    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
    $5,935
    $0.00
    $0.00
    $140,640
    -
    $58,500
    $293,100
    $351,600

    Comparable in this City

    • Value Estimation
      $835,000
      6,624 SF

      1235 Verkler Dr

      STORES & APARTMENTS • 6,624 SF
      1235 Verkler Dr, Clarksville, TN 37042-9002
      View Details
    • Value Estimation by Request
      972 SF

      398 Jack Miller Blvd, Unit D

      STORES & APARTMENTS • 972 SF
      398 Jack Miller Blvd, Clarksville, TN 37042-8775
      View Details
    • Value Estimation by Request
      972 SF

      370 Jack Miller Blvd, Unit D

      STORES & APARTMENTS • 972 SF
      370 Jack Miller Blvd, Clarksville, TN 37042-8753
      View Details
    • Value Estimation by Request
      972 SF

      378 Jack Miller Blvd, Unit E

      STORES & APARTMENTS • 972 SF
      378 Jack Miller Blvd, Clarksville, TN 37042-8755
      View Details
    • Value Estimation by Request
      972 SF

      410 Jack Miller Blvd, Unit E

      STORES & APARTMENTS • 972 SF
      410 Jack Miller Blvd, Clarksville, TN 37042-8778
      View Details
    • Value Estimation by Request
      972 SF

      382 Jack Miller Blvd, Unit H

      STORES & APARTMENTS • 972 SF
      382 Jack Miller Blvd, Clarksville, TN 37042-8768
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Mixed-Use Property | 3,500 SqFt

      Mixed-use property with 3,500 SqFt of space available for sale.
      820 Providence Blvd, Clarksville, TN 37042
      View Details
    • $199,000
      2,236 SF

      Mixed-Use Property For Sale

      Mixed-use property with high traffic and income-producing billboard.
      918 Providence Blvd, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Clarksville Land Parcel For Sale

      12 acres of commercial land zoned C-4, I-24 Exit 1.
      Trenton Rd & Tylertown Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Clarksville, Tennessee.
      Tiny Town Rd, Clarksville, TN 37042
      View Details
    • $700,000

      Commercial Land with High Potential

      Level lot with high traffic, utilities, and commercial potential.
      534 Dover Rd, Clarksville, TN 37042
      View Details
    • $39,000

      Residential Land with Development Potential

      Over one acre, potential for division or rezoning.
      657 Peachers Mill Rd, Clarksville, TN 37042
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      7,880 SF

      Office and Warehouse Space Available

      Office and warehouse space for lease with utilities included.
      2721 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    • $2,000 /Mo
      7,320 SF

      Retail Space Near Kroger

      1,200 SF retail space available for lease.
      230 Dover Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Retail Building on 1.27 Acres

      3,600 SF retail building with excellent visibility for lease.
      261 Stone Xing Dr, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Modern Building on High-Traffic Road

      Modern building with signage opportunities on high-traffic Tiny Town Rd.
      2029 Tiny Town Rd, Clarksville, TN 37042
      View Details
    • Contact for pricing

      Commercial Lot Near Tiny Town

      0.95 acre commercial lot for sale, lease, or build-to-suit.
      Tobacco Rd, Clarksville, TN 37042
      View Details
    • $700 /Mo
      142 SF

      Modern Office Space For Rent

      New commercial building with modern design and luxurious touches.
      3400 Sandpiper Dr, Clarksville, TN 37042
      View Details
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    3269 Tower Dr
    Clarksville, TN 37042-1559
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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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