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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Strip malls
420 Palmyra Rd Clarksville, TN 37040
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0333030
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE
Total area
4,141 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C-2
APN
100 09800 000
UPID
US80-0333030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$650k
Owner & transaction history
Elizabeth Balthrop · 1 yrs held
Elizabeth Balthrop
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
C-2 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-2 - GENERAL COMMERCIAL DISTRICT The C-2 General Commercial District is for personal and business services, general and professional offices, multiple family dwellings (including apartments and townhouses) and general retail business. Districts in this category are intended to include areas where commercial development has displaced or is displacing residen…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,565.10 ac
Source
zoning ordinance
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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Current use
WAREHOUSE, STORAGE
$950,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Aug 2 2024)
Last sale anchor
$650k
Aug 2 2024
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
$2,414
Tax year 2023
Assessed value
$80,720
Assessed 2023
Previous assessed
$80,720
+0.0% YoY
Effective rate
2.99%
On assessed value
Land market value
$117,700
Improvement market value
$84,100
Total market value
$201,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
4
Total area
4,141 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C-2
APN
100 09800 000
UPID
US80-0333030
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-2 · Clarksville, TNZoning 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
Zoning description
C-2 - GENERAL COMMERCIAL DISTRICT The C-2 General Commercial District is for personal and business services, general and professional offices, multiple family dwellings (including apartments and townhouses) and general retail business. Districts in this category are intended to include areas where commercial development has displaced or is displacing residential development, or is moving in on vacant lands. This section is designed to guide future change so as to preserve the carrying capacity of the streets and to provide for off-street parking and loading. It is not the intent of this district to encourage the extension of existing strip commercial areas, but rather to provide concentrations of general commercial activities. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.22
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,565.10 ac
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1959
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
2.35 ac
Current owner
From public records · entity-resolved
Elizabeth Balthrop
Individual
Mailing address
420 PALMYRA RD CLARKSVILLE
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
$650,000
Elizabeth Balthrop
Entersource Properties LLC
Warranty Deed
$487,500 · First Federal Bank
Apr 26, 2022
$280,000
Entersource Properties LLC
Joe C Rouse
Warranty Deed
$276,250 · Nicolet National Bank
Apr 26, 2022
—
Joe C Rouse
Roxann L Mann
Quit Claim Deed
related
—
Jul 11, 2011
$270,000
Joe C Rouse
Rouse,joe C & Bridget K
Warranty Deed
$260,000 · Herbert L Stephenson
Jul 1, 2010
$162,000
Herbert L Stephenson
Mann,roxann L
Warranty Deed
—
Nov 12, 2008
—
Mann,roxann L
Montgomery County
Quit Claim Deed
related
—
Sep 27, 2006
$162,360
State Of Tennessee
Mann,roxann L
Warranty Deed
—
Aug 27, 2003
$280,000
Roxann L Mann
Stephenson,herbe
Grant Deed
—
Jan 5, 2001
—
Howard Stephenson
Stephenson,herbe
Quit Claim Deed
related
—
Apr 26, 1999
$88,000
Roxanne Mann
Baggett,sterling
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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