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Property profile & analytics
FOR LEASE
Medical Office Space
647 Dunlop Ln Clarksville, TN 37040
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3478993
For Lease
1 / 2
$19,540,000
647 Dunlop Ln, Clarksville, TN 37040
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clarksville Surgical Associates Medical Clinic Hospital
-
Tennova Hospice Nursing Home
-
Tennova Wound Care Clinic Physician
-
Clarksville Cardiology Medical Clinic
-
Dr Stephen Daugherty MD, FACS, FACPh, RVT, RPhS Physician Hospital
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
Ag Af Gateway Owner LP · 1 yrs held
Ag Af Gateway Owner LP
since 2025
4 recorded transactions
Zoning & alternative use
C-2 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$31.4M
+98.0%
Neighborhood: shopping center
$23.1M
+45.8%
Warehouse, storage
$21.0M
+32.3%
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,860,000
Current use
RESTAURANT
$31,405,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,130,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,975,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$14,500,000
Change: -9% · Conversion: Easy
RETAIL STORES
$14,455,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$19.54M
Range $17.59M – $21.49M · ±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
$214 / 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
$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
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
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, TN
Zoning 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
Clarksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$15.9M
RESTAURANT
Est. value
$31.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.1M
WAREHOUSE, STORAGE
Est. value
$21.0M
OFFICE BUILDING
Est. value
$14.5M
RETAIL STORES
Est. value
$14.5M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2008
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Bathrooms
53
Lot
1.05 ac
Current owner
From public records · entity-resolved
Ag Af Gateway Owner LP
Entity
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
Ag Af Gateway Owner LP
—
Deed
related
$218,347,010 · Capital One NA
Jan 27, 2020
—
Arhc Gmclktno1 LLC
—
Deed
related
$378,500,000 · Capital One NA
Jul 6, 2017
—
Arhc Gmclktn01 LLC
—
Grant Deed
related
$250,000,000 · Capital One NA
—
—
Arhc Gmclktno1 LLC
—
Loan Modification
related
$378,500,000 · Capital One NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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