2933 State Highway 37 N
About This Property
frontage and high visibility for business, retail, service, or mixed-use development. Located just minutes
from downtown Clarksville, the property provides easy access for customers, commercial traffic, and
future expansion. With close proximity to town amenities and major routes, this site offers convenience for
customers and efficient access for equipment or deliveries. The land features all on-site utilities, flat
usable terrain, and flexible layout options-ideal for a storefront, warehouse, small business operation, or
investment hold. Buyer to verify zoning and permitted uses
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Listed by Keller Williams Rockwall | $80,000 | |
| Listed by Keller Williams Rockwall | |||
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About Red River
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Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21118568
Details provided by NTREIS and may not match the public record
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