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Property profile & analytics
OFF-MARKET
Estimated value
$7,165,000
Super regional malls
668 Riverside Dr 700 Clarksville, TN 37040-3131
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-0826524
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Total area
61,963 SF
Lot
16.5 ac (718,740 SF)
Zoning code
C-2
APN
055O B 00100 000
UPID
US80-0826524
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
-
U.S. Bank ATM Atm
-
USAA ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.16M
Blend (final)
Blend
$7.17M
Owner & transaction history
Two Rivers Center LLC · 8 yrs held
Two Rivers Center LLC
since 2017
7 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
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
$7.17M
Range $6.45M – $7.88M · ±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
$116 / 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
$64,844
Tax year 2023
Assessed value
$1,536,594
Assessed 2023
Previous assessed
$1,536,594
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$1,587,300
Improvement market value
$2,254,186
Total market value
$3,841,486
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
4
Bathrooms
2
Total area
61,963 SF
Lot
16.5 ac (718,740 SF)
Zoning code
C-2
APN
055O B 00100 000
UPID
US80-0826524
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Bathrooms
2
Lot
16.5 ac
Current owner
From public records · entity-resolved
Two Rivers Center LLC
Entity
Free & Clear · 8 yrs held
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
—
Two Rivers Center LLC
Ir-two Rivers Center LLC
Quit Claim Deed
related
—
Oct 23, 2017
$4,250,000
Two Rivers Center LLC
Ir-two Rivers Center LLC
Trustees Deed
related
$3,000,000 · Metropolitan Com'l Bk
Dec 12, 2014
—
Ir-two Rivers Center LLC
Two Rivers Center LLC
Quit Claim Deed
related
$129,450,000 · Jp Morgan Chase Bk
Dec 12, 2014
$7,006,908
Ir-two Rivers Center LLC
Two Rivers Center LLC
Grant Deed
related
—
Jun 24, 2004
—
Two Rivers Center LLC
Two Rivers Venture LLC
Quit Claim Deed
related
—
Jun 18, 2004
$7,000,000
Two Rivers Center LLC
Pressler,emma B
Grant Deed
—
Jun 18, 2004
—
Two Rivers Center LLC
Pressler,emma B
Trustees Deed
$6,500,000 · Gmac Comm'l Mtg Bk
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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