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For Lease
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647 Dunlop Ln, Clarksville, TN 37040
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Property summary
AI-generated overview
The property is a medical office building located next to Gateway Regional Medical Center in Clarksville, Tennessee, positioned immediately off Interstate 24. The building contains 5,337 square feet and offers suite spaces that are delivered in shell condition for tenant customization. Systems and utilities include separately metered electricity and tenant-controlled HVAC. Parking is provided via a surface lot at an indicated ratio of 6 spaces per 1,000 square feet, supporting on-site customer and staff access.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2008
Construction
STEEL FRAME
Total area
91,300 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C-2
APN
040 00419 000
UPID
US80-3478993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic Hospital
-
Nursing Home
-
Physician
-
Medical Clinic
-
Physician Hospital
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.54M
Blend (final)
Blend
$19.54M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
C-2 · Clarksville, TN
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 r…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$31.4M
+98.0%
Neighborhood: shopping center
$23.1M
+45.8%
Warehouse, storage
$21.0M
+32.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$19.54M
Value range
$17.59M – $21.49M
±10% around blend
Estimated value / SF
$214 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$17.59M
blend $19.54M
$21.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
91,300 SF
Lot area
1.05 ac
Year built
2008
Stories
3
APN
040 00419 000
Zoning
C-2
Assessed value
$6,855,040
Annual tax
$289,283
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$19.54M
Range $10.96M – $22.99M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$19.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 36 sales
$174
+23%
County 36 sales
$174
+23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $214/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+98%
vs current-use indication
Neighborhood: Shopping Center
Warehouse, Storage
Medical Building · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.86M
Move the market yield to see immediate price impact.
Value / SF
$75
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$432k
$8.64M
$6.17M
$4.80M
$480k
$9.60M
$6.86M
$5.33M
$528k
$10.56M
$7.54M
$5.86M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$289,283
Tax year 2023
Assessed value
$6,855,040
Assessed 2023
Previous assessed
$6,855,040
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$366,500
Improvement market value
$16,771,100
Total market value
$17,137,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Bathrooms
53
Total area
91,300 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C-2
APN
040 00419 000
UPID
US80-3478993
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
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 r…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Bathrooms
53
Lot
1.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-2
COMMERCIAL
Jurisdiction
Clarksville, TN
Recorded code
C-2
Official district
C-2
Official district profile
What the municipal code says about C-2
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 r…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Clarksville, TN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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