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    3400 Sandpiper Dr Clarksville, TN 37042
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    Property profile & analytics

    3400 Sandpiper Dr, Clarksville, TN 37042

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    • Office buildings
    • 2,700 SF
    • 0.38 lot acres
    For Lease
    $630,000
    View Listing →
    Modern Commercial Building For Rent For Lease
    $630,000

    Modern Commercial Building For Rent

    Brand new commercial building with modern design and luxurious touches.

    3400 Sandpiper Drive, Clarksville, TN 37042
    View Listing
    Property ID
    US80-1532703
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Suit Case Sister Salon / Hair Salon
    • Passionate Handss / Hair Salon / Nail Salon
    • K's Aesthetic Haven / Spa & Massage Center
    • SalonP3 / Hair Salon
    • Inked Behavior / Tattoo & Piercing Shop

    Property Details for 3400 Sandpiper Dr

    Year built
    2021
    Lot size
    0.38 lot acres
    Zone code
    C-5
    Property type
    Office buildings
    APN
    008P A 00200 000
    APU
    008PA00200000

    Description

    This stunning, newly constructed (2024) commercial building at 3400 Sandpiper Dr, Clarksville, TN 37042, offers multiple executive office suites for lease in a prime Montgomery County location. The 2,463 square foot building features a modern design with luxurious finishes, perfect for a range of professional businesses. Individual suites are available, with a minimum divisible space of 132 square feet and a maximum contiguous space of 800 square feet. Currently, 1,632 square feet is vacant and ready for immediate occupancy. The property sits on a 0.38-acre lot and is zoned for commercial use. Its convenient location off Exit 1 provides easy access to I-24, ensuring excellent client accessibility. The rental price includes all utilities. Optional salon bowls ($50/month extra) or vanities ($25/month extra) are available for select tenants. This property is perfect for businesses such as massage therapy, insurance, esthetics, mental health practices, hair salons, nail salons, and lash studios. The building is designed to accommodate businesses of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $627,000
      Market price range: $245k - $628k
      AI Estimate
      $627,000
      Market price range: $245k - $628k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $440,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $890,000
      Change: +103% Conversion: Difficult
      WAREHOUSE, STORAGE
      $620,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $470,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $425,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.331
    Latitude
    36.6272
    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
    $11,181
    $0.00
    $0.00
    $265,240
    -
    $277,400
    $385,700
    $663,100

    Comparable in this City

    • Value Estimation by Request
      1,058 SF

      7 Providence Blvd

      OFFICE BUILDING
      7 Providence Blvd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request
      1,320 SF

      720 Barge Loading Rd

      OFFICE BUILDING
      720 Barge Loading Rd, Clarksville, TN 37042
      View Details
    • Value Estimation by Request
      1,416 SF

      2695 Robert Ave

      OFFICE BUILDING
      2695 Robert Ave, Clarksville, TN 37042-3044
      View Details
    • Value Estimation
      $560,000
      2,400 SF

      915 Mcclardy Rd

      OFFICE BUILDING
      915 Mcclardy Rd, Clarksville, TN 37042-6734
      View Details
    • Value Estimation
      $1,270,000
      14,000 SF

      2050 Ft Campbell Blvd

      OFFICE BUILDING
      2050 Ft Campbell Blvd, Clarksville, TN 37042-4924
      View Details
    • Value Estimation by Request
      3,136 SF

      1300 Ft Campbell Blvd

      OFFICE BUILDING
      1300 Ft Campbell Blvd, Clarksville, TN 37042-4077
      View Details

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      C-5 zoned office/retail space with high traffic volume.
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      Popular karaoke bar with pool tables and entertainment spaces.
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      Prime Commercial Land Opportunity

      5.5-acre commercial land with high visibility and C-5 zoning.
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      Land available on Locust Street in Clarksville, Tennessee.
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    Similar Nearby for Lease

    • Contact for pricing

      Modern Commercial Building For Rent

      Brand new commercial building with modern design and luxurious touches.
      3400 Sandpiper Dr, Clarksville, TN 37042
      View Details
    • Contact for pricing
      1,284 SF

      Spacious Office with Unique Features

      Office space featuring open layout, basement, and multiple rooms.
      1313 Fort Campbell Blvd, Clarksville, TN 37042
      View Details
    View Listing
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    Clarksville, TN 37042
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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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