Property profile

808 Kraft St Clarksville, TN 37040

OFF-MARKET
Office buildings
Property ID
US80-1094418
7,240 SF 0.65 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,240 square foot office building, situated on a one-acre lot at 808 Kraft Street in Clarksville, Tennessee, presents a compelling investment opportunity. The property boasts high visibility and is located in a high-traffic area, ensuring excellent accessibility for tenants. The building's layout comprises approximately 4,840 square feet of upper-level space, divided into six suites, each measuring roughly 800 square feet. This provides flexibility for various business needs and potential for multiple income streams. In addition, a substantial 2,400 square feet of basement space is available, featuring a convenient roll-up door, ideal for storage or additional workspace. The building's prime location and the current scarcity of reasonably priced office suites in the area make this property well-positioned for strong rental income and potential market repositioning. The asking price for this income-producing asset is $1,155,000. This presents a rare chance to acquire a well-located, established office building in a thriving Clarksville submarket. The property's size, layout, and location combine to offer significant potential for both immediate income generation and long-term appreciation. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 7,240 SF
Lot 0.65 ac (28,314 SF)
Zoning code M-1
APN 055O A 00500 000
UPID US80-1094418

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
  • Church
  • Crisis Center Medical Clinic
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Location

808 Kraft St Clarksville, TN 37040-4935
Clarksville metro Census 100800 CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$495k

Owner & transaction history

since 2021
4 recorded transactions
2021
$100,000
2007
Price N/A
1989
$60,000
1969
Price N/A

Zoning & alternative use

M-1 · Clarksville, TN
Zoning description

M-1 - LIGHT INDUSTRIAL DISTRICT The M-1 Light Industrial District is established to provide areas in which the principal use of land is for light manufacturing and assembly plants, processing, storage, warehousing, whole…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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