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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
400 Franklin St Clarksville, TN 37040-3424
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3487537
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
5,182 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CBD
APN
066F G 00100 000
UPID
US80-3487537
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
-
Covenant Family Practice Medical Clinic
-
Planters Bank Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$985k
Owner & transaction history
Planters Bank INC · 1 yrs held
Planters Bank INC
since 2025
7 recorded transactions
Zoning & alternative use
CBD · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+59.5%
Warehouse, storage
$1.2M
+44.6%
Medical building
$900,000
+9.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,315,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,190,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +9% · Conversion: Easy
RETAIL STORES
$820,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
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
$190 / 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
$11,939
Tax year 2023
Assessed value
$282,920
Assessed 2023
Previous assessed
$282,920
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$181,900
Improvement market value
$525,400
Total market value
$707,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
5,182 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CBD
APN
066F G 00100 000
UPID
US80-3487537
Jurisdiction
MONTGOMERY
Zoning & alternative use
CBD · Clarksville, TN
Zoning CBD · permitted uses
CBD · 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
OFFICE BUILDING Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$820,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL 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
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Planters Bank INC
Entity
Free & Clear · 1 yrs held
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
Jun 20, 2025
—
Planters Bank INC
Excell Properties LLC
Deed
—
Sep 15, 2020
—
William Sandors
—
Deed
related
$1,000 · Company Steward Title
May 2, 2017
$585,000
Planters Bk INC
Boles,david L & Cathy J
Warranty Deed
—
Nov 22, 2016
—
Bella Medical Spa LLC
—
Trustees Deed
related
$43,000 · F&m Bk
Dec 2, 2008
—
Boles,david L & Cathy J
Boles Brothers LLP
Quit Claim Deed
related
$622,600 · F&m Bk/wv
Aug 11, 2005
$650,000
Boles Brothers LLP
Massey,mary J
Warranty Deed
$650,000 · Farmers & Merchants Nat'l Bk
Sep 24, 1998
$175,000
Mary Jan Massey
—
Grant Deed
related
—
Nov 15, 1996
$59,500
D & S Investments LLC
—
Grant Deed
related
—
Jul 19, 1996
$60,000
Natures Art INC
—
Grant Deed
related
—
Aug 26, 1994
$50,000
Michael Ferrell
Unknown,
Grant Deed
—
—
—
William Sandors
—
Deed Of Trust
related
$1,000 · Company Steward Title
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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