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Property profile & analytics
OFF-MARKET
Medical Office Space
625 Riverside Dr Clarksville, TN 37040-3127
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-3418598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1964
Construction
FRAME
Total area
1,387 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
066B A 01701 000
UPID
US80-3418598
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
-
Mr. Joseph Kowal Physician
-
Clarksville Accident & Injury Medical Clinic
-
Dr. Tyler Jennings Alternative Medicine Practice
-
Jens Palmer Physician
-
Nicholas Basham Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nicholson & Millan · 2 yrs held
Nicholson & Millan
since 2023
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,409
Tax year 2023
Assessed value
$57,080
Assessed 2023
Previous assessed
$57,080
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$24,800
Improvement market value
$117,900
Total market value
$142,700
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
1,387 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
066B A 01701 000
UPID
US80-3418598
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
Building & site characteristics
From public records
Year built
1964
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.15 ac
Current owner
From public records · entity-resolved
Nicholson & Millan
Individual
Free & Clear · 2 yrs held
Mailing address
126 MAIN ST, CLARKSVILLE, TN 37040-3243
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Nicholson & Millan
Millan Holdings LLC
Correction Deed
related
—
Oct 13, 2023
—
Nicholson & Millan Gp
Millan Holdings LLC
Quit Claim Deed
related
—
Apr 7, 2014
—
Allen,david M & Phonepraseuth
—
Trustees Deed
related
$100,000 · Cumberland Bk&tr/clarksville
—
—
David M Allen
—
Deed Of Trust
related
$182,000 · Cumberland Bk
—
—
David M Allen
—
Deed Of Trust
related
$150,000 · Cumberland Bank & Trust
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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