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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Strip malls
588 Fire Sta Rd 594 Clarksville, TN 37043-4085
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-3033544
Property summary
AI-generated overview
This exceptional 3,600 square foot retail space at 588 Fire Station Rd in Sango, Tennessee presents a unique investment opportunity. Strategically located off I-24 and on M.L.K. Jr Parkway, this property benefits from high visibility and easy access. The building boasts a desirable end-unit location with attractive features including automatic sliding glass doors, abundant natural light, and a convenient drive-through window. The interior layout is well-designed for optimal functionality, featuring three private offices, a comfortable break room, and two restrooms. Flexible common areas allow for adaptable use to suit various business needs. This thriving Clarksville area, once farmland, now enjoys a strong reputation for business and family life. With a current population of 50,000 within a 5-mile radius, projected to increase by 10% in the next five years, this location offers significant growth potential. This property is an ideal choice for businesses seeking a prominent presence in a rapidly expanding community. The space is currently available for lease.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
3,960 SF
Lot
2.69 ac (117,176 SF)
Zoning code
C-4
APN
063 07707 000
UPID
US80-3033544
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
-
Zoren Pharmacy & Gifts Grocery & Convenience Store
-
McKenzie & Smiley Jewelers (Bike/Boat/Book/etc) Store
-
Pearl Aesthetics Spa & Massage Center Alternative Medicine Practice
-
Sango Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.89M
Owner & transaction history
Millan Holdings LLC · 5 yrs held
Millan Holdings LLC
since 2021
3 recorded transactions
Zoning & alternative use
C-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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±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
$476 / 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
$56,257
Tax year 2023
Assessed value
$1,333,120
Assessed 2023
Previous assessed
$1,333,120
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$641,600
Improvement market value
$2,691,200
Total market value
$3,332,800
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
2020
Heating
YES
Cooling
AC.PACKAGE
Buildings
11
Stories
1
Total area
3,960 SF
Lot
2.69 ac (117,176 SF)
Zoning code
C-4
APN
063 07707 000
UPID
US80-3033544
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-4 · Clarksville, TN
Zoning C-4 · permitted uses
C-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.
Building & site characteristics
From public records
Year built
2020
Heating
YES
Cooling
Yes
Stories
1
Buildings
11
Lot
2.69 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
—
Millan Holdings LLC
Leo Millan
Quit Claim Deed
related
—
May 15, 2019
—
Leo Millan
—
Grant Deed
related
$1,680,000 · Heritage Bk USA
—
—
Leo Millan
—
Loan Modification
related
$2,239,750 · Heritage Bk USA
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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