Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    588 Fire Sta Rd, Unit 594 Clarksville, TN 37043-4085

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    588 Fire Sta Rd, Unit 594 Clarksville, TN 37043-4085

    View on Map
    • Strip malls
    • 3,960 SF
    • 2.69 lot acres
    Off-Market
    Last Sale Feb 11, 2021
    Property ID
    US80-3033544
    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
    $1,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 588 Fire Sta Rd

    Year built
    2020
    Lot size
    2.69 lot acres
    Property size
    3,960 SF
    Zone code
    C-4
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    063 07707 000
    APU
    6307707000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,887,000
      Market price range: $458k - $1.89M
      AI Estimate
      $1,887,000
      Market price range: $458k - $1.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.4525
    Latitude
    36.5075
    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
    $56,257
    $0.00
    $0.00
    $1,333,120
    -
    $641,600
    $2,691,200
    $3,332,800

    Comparable in this City

    • Value Estimation
      $850,000
      4,920 SF

      2484 Madison St

      SHOPPING CENTER, STRIP CENTER • 4,920 SF
      2484 Madison St, Clarksville, TN 37043
      View Details
    • Value Estimation
      $1,800,000
      3,960 SF

      1810 Madison St

      SHOPPING CENTER, STRIP CENTER • 3,960 SF
      1810 Madison St, Clarksville, TN 37043-4904
      View Details
    • Value Estimation
      $935,000
      1,960 SF

      1839 Madison St

      SHOPPING CENTER, STRIP CENTER • 1,960 SF
      1839 Madison St, Clarksville, TN 37043-4903
      View Details
    • Value Estimation
      $975,000
      2,091 SF

      2212 Madison St

      SHOPPING CENTER, STRIP CENTER • 2,091 SF
      2212 Madison St, Clarksville, TN 37043-5238
      View Details
    • Value Estimation
      $1,060,000
      4,532 SF

      1788 Madison St

      SHOPPING CENTER, STRIP CENTER • 4,532 SF
      1788 Madison St, Clarksville, TN 37043-4964
      View Details
    • Value Estimation
      $1,080,000
      3,000 SF

      120 Dunbar Cave Rd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      120 Dunbar Cave Rd, Clarksville, TN 37043-8862
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Volume Retail Center For Sale

      Retail center anchored by high-volume Walmart in Clarksville, Tennessee.
      2323 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Commercial Land on Madison Street

      Prime commercial opportunity in high-traffic Clarksville location.
      2440 Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      7.4 Acres Development Opportunity

      7.4 acres of land for development at signalized intersection.
      Highway 41A, Clarksville, TN 37043
      View Details
    • $475,000

      Pad Ready Commercial Land

      Vacant commercial land with shared access to Highway 41A.
      3067 Highway 41A South, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Land For Sale Clarksville

      14.24 +/- acres of land for sale.
      Madison St And Old Farmer Rd, Clarksville, TN 37043
      View Details
    • $3,999,950

      Commercial Land on Madison Street

      High-traffic commercial land with road frontage and I-24 access.
      2630 Madison St, Clarksville, TN 37043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,800 SF

      Retail Center at Clover Glenn

      13,800 SF retail center with 2,640 SF available.
      549 Neptune Dr, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Retail and office spaces available for lease.
      447 Warfield Boulevard Ct, Clarksville, TN 37043
      View Details
    • $25 SF/Yr

      Retail Space For Rent

      36,000 SF retail space available for lease.
      447 Warfield Boulevard Ct, Clarksville, TN 37043
      View Details
    • $2,900 /Mo

      Retail Space in Trade Winds

      Retail space available in the Trade Winds South Shopping Center.
      1955C Madison St, Clarksville, TN 37043
      View Details
    • Contact for pricing

      Rudolphtown Office Space For Lease

      Office space for lease in Rudolphtown, Clarksville.
      2281 Rudolphtown Rd, Clarksville, TN 37043
      View Details
    • $19 SF/Yr

      Office Space with Private Offices

      Office space featuring 14 private offices available for rent.
      2279 Raleigh Ct, Clarksville, TN 37043
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    588 Fire Sta Rd, Unit 594
    Clarksville, TN 37043-4085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!