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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Strip malls
933 Tracy Ln Clarksville, TN 37040-6893
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1853151
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
2,541 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-5
APN
042D D 00200 000
UPID
US80-1853151
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
-
Transamerica Agency Network Insurance Agency
-
First Federal Mortgage Bank Loan Service
-
GC Companies Real Estate Agency
-
Kristin Gwaltney Team: Keller Williams Realty Real Estate Agency
-
Winked Salon & Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$955k
Owner & transaction history
Millan Holdings LLC · 5 yrs held
Millan Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-5 - HIGHWAY AND ARTERIAL COMMERCIAL DISTRICT The C-5 Highway and Arterial Commercial District is intended to provide areas in which the principal use of land is devoted to commercial establishments which cater specifically to motor-vehicle-oriented trade. It is further intended to provide appropriate space and sufficient depth from the street to provide fo…
Zone name
Highway And Arterial Commercial District
General category
COMMERCIAL
Zone area
2,637.23 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Current use
WAREHOUSE, STORAGE
$585,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$376 / 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
$18,097
Tax year 2023
Assessed value
$391,760
Assessed 2023
Previous assessed
$391,760
+0.0% YoY
Effective rate
4.62%
On assessed value
Land market value
$281,500
Improvement market value
$697,900
Total market value
$979,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Bathrooms
3
Total area
2,541 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-5
APN
042D D 00200 000
UPID
US80-1853151
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-5 · Clarksville, TNZoning C-5 · permitted uses
C-5 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-5 - HIGHWAY AND ARTERIAL COMMERCIAL DISTRICT The C-5 Highway and Arterial Commercial District is intended to provide areas in which the principal use of land is devoted to commercial establishments which cater specifically to motor-vehicle-oriented trade. It is further intended to provide appropriate space and sufficient depth from the street to provide for the orderly development and concentration of appropriate highway and arterial commercial uses at suitable locations, and to encourage the clustered development of such uses to minimize traffic hazards and interference with other uses in the vicinity, rather than to encourage the spread of strip commercial development. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.25
Zone name
Highway And Arterial Commercial District
General category
COMMERCIAL
Zone area
2,637.23 ac
Source
zoning ordinance
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
2010
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Millan Holdings LLC
Entity
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
—
Millan Holdings LLC
Leo Millan
Intrafamily Transfer
related
—
Apr 16, 2020
—
Leo Millan
—
Deed
related
$1,720,000 · F&m Bk
May 31, 2019
$1,840,000
Leo Millan
Gwaltney Properties Commercial
Warranty Deed
$1,472,000 · First Advantage Bank
Sep 8, 2016
—
Gwaltney Properties Commercial
—
Deed
related
—
Aug 24, 2015
—
Gwaltney Properties Commercial
—
Trustees Deed
related
$152,000 · First Advantage Bk
Dec 18, 2013
—
Properties Commercial Gwaltney
Gwaltney Properties
Quit Claim Deed
related
—
Jun 3, 2009
$625,000
Gwaltney Properties
Wildwood Partners
Warranty Deed
$285,600 · First Fsb/elizabethown Ky
—
—
Properties Commercial Gwaltney
—
Deed Of Trust
related
$1,582,400 · F & M Bank
—
—
Properties Gwaltney
—
Deed Of Trust
related
$485,250 · Heritage Bank
—
—
Leo Millan
—
Deed Of Trust
related
$1,720,000 · F&m Bk
—
—
Gwaltney Properties Commercial
—
Loan Modification
related
—
—
—
Properties Gwaltney
—
Deed Of Trust
related
$751,960 · First Federal Savings Bank
—
—
Properties Gwaltney
—
Deed Of Trust
related
$742,092 · First Advantage Bank
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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