Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 N Hickory Ave, Unit 10 Cookeville, TN 38501

    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - Cookeville, TN

    Days on Market:
    1
    Last Refresh:
    Mar 3 at 2:06 pm

    Property Features for 117 N Hickory Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    010.00

    We can help!

    Listing Contact
    Hinal Tanwar

    The Real Estate Collective (931) 559-9500

    Listing agent Hinal Tanwar (931) 881-6971

    Listing date Mar 3, 2026

    MLS# 242511

    Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Space in Cookeville, TN

    This commercial space is located in Cookeville, Tennessee. Discounted rates are available with longer lease terms. Multiple units can be rented individually or together. A premium applies to 6-month leases, while a discounted rate is offered for 12-month leases. The lessee will not be responsible for paying the taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reliable Insurance Services ... Insurance Agency Dr. Anju Mendiratta, ... Physician Diabetes & Geriatrics Specialist: ... Pediatrician Cumberland Kidney & Diabetes ... Physician HiROC Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.50977
    Latitude
    36.1661046

    Nearby Similar for Sale

    • $499,998
      4,380 SF

      High-Visibility Commercial Building on Fisk Rd

      4380 sqft commercial building with high visibility and accessibility.
      2355 Fisk Rd, Cookeville, TN 38506
      View Details
    • $350,000
      700 SF

      Office/Retail Building in Cookeville

      700+/- SF office/retail space near CRMC.
      220 W 3Rd St, Cookeville, TN 38501
      View Details
    • $995,000
      3,600 SF

      Commercial Property on Highway 111

      Highly visible commercial property with a 3,600 sq ft building.
      105 Rickman Monterey Hwy, Cookeville, TN 38506
      View Details
    • $1,499,000
      8,946 SF

      Prime Commercial Property, Cookeville, TN

      Excellent investment opportunity in Cookeville with high traffic and visibility.
      1470 S Jefferson Ave, Cookeville, TN 38501
      View Details
    • $795,000
      2,400 SF

      Turnkey Tire Shop Opportunity

      Established tire shop on Hwy 70 near Cookeville.
      2330 W Broad St, Cookeville, TN 38501
      View Details
    • $450,000
      2,400 SF

      Turnkey Tire Shop Opportunity

      Established tire shop on Hwy 70 near Cookeville.
      2330 W Broad St, Cookeville, TN 38501
      View Details
    • $1,600,000
      6,550 SF

      Industrial Property with Office Space

      Versatile 6,550 sq ft property on 11 acres near Cookeville.
      1301 Shipley Rd, Cookeville, TN 38501
      View Details
    • $659,000
      3,408 SF

      Renovated Office Building Near Square

      Completely renovated office building near Justice Center in Cookeville.
      107 S Washington St, Cookeville, TN 38501
      View Details
    • $429,000
      1.24 Acres

      Operating Restaurant on 1.24 Acres

      Operating restaurant with modern amenities on 1.24 acres.
      210 Tommy Dodson Hwy, Cookeville, TN 38506
      View Details
    • $850,000
      5,920 SF

      Retail Building on Jefferson Avenue

      Retail property with high traffic and flexible commercial zoning.
      1710 S Jefferson Ave, Cookeville, TN 38506
      View Details
    • $128,900
      0.84 Acres

      Garage/Workshop on .84 Acres

      Insulated garage/workshop on .84 acres ready for immediate use.
      15112 Dodson Branch Hwy, Cookeville, TN 38501
      View Details
    • $2,500,000
      7,740 SF

      Cookeville Commercial Real Estate Opportunity

      Commercial property near Cookeville Regional Hospital with renovation and high visibility.
      404 N Willow Ave, Cookeville, TN 38501
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial space available for lease in Cookeville, Tennessee.
    Where is this office space located?
    The property is located at 117 N Hickory Ave, Unit 10 Cookeville, TN.
    What is the asking price?
    The asking price for this property is $1,100.
    What are key features of this property?
    This property features: - Discounted rate available with a 12-month lease.; - Lessee is not responsible for paying property taxes.; - Multiple units can be rented, offering flexibility for your business needs.
    (931) 881-6971
    Request Owner's contact information
    117 N Hickory Ave, Unit 10 Cookeville, TN 38501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 N Hickory Ave, Unit 10
    Cookeville, TN 38501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 N Hickory Ave, Unit 10 Cookeville, TN 38501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hinal Tanwar
    Real Estate License ID: 374225
    (931) 881-6971 (931) 559-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!