Insulated Automotive
For Sale
$98,500
15112 Dodson Branch Hwy, Cookeville, TN 38501
Land, Cookeville, TN
Property Size1,224 SF
Lot Size0.84 Acres
Price / SF$80.47
Days on Market48
Property Features for 15112 Dodson Branch Hwy
General Information
Property type
Land
Property subtype
Other
Directions
From PCCH: go N on Washington Ave, Left on 12th St, Right onto Willow Ave becomes Dodson Branch Hwy, continue past Dodson Branch School, stay left, property on left w/sign.
Subdivision
Jackson Co SE, TN
Standard status
Active
APN
062 025.04
Lot size
0.84 Acres
Taxes and HOA fees
Tax Annual Amount
314
Utilities
Utilities
Electricity Available
Water front features
Pond
Amenities
two oversized 18' x 12' roll-up doors
10-inch poured concrete floors
commercial-grade wiring
overhead lighting
wired internet
utility sink
car lifts
fully insulated building
Building Details
Additional Structures
Outbuilding
Listing Agency:
The Realty Firm
(931) 520-7750
Listed By:
Ashley Martin
(931) 260-0807
Added: Jul 9
Changed: Aug 21
Last Checked: Aug 25 at 4:06PM
MLS# 245732
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.
Investment Insights
Based on property information with market context.
This standalone automotive shop occupies 0.84 wooded acres and measures 36' x 34'. The insulated building includes two 18' x 12' roll-up doors, 10-inch poured concrete floors, commercial-grade wiring, overhead lighting, wired internet, and a utility sink. Its configuration supports automotive repair, restoration work, equipment storage, and other workshop-oriented uses identified for the property. Electricity is available, and the site includes a pond feature.
Located at 15112 Dodson Branch Hwy, Cookeville, TN 38501, the property combines a freestanding structure with outdoor acreage and functional shop improvements. The building’s access points and concrete floor system accommodate vehicle- and equipment-focused activity, while the insulated interior provides an enclosed workspace for business or personal projects.
Located at 15112 Dodson Branch Hwy, Cookeville, TN 38501, the property combines a freestanding structure with outdoor acreage and functional shop improvements. The building’s access points and concrete floor system accommodate vehicle- and equipment-focused activity, while the insulated interior provides an enclosed workspace for business or personal projects.
Key Highlights
- 0.84 wooded acres with a standalone 36' x 34' insulated shop
- Two 18' x 12' roll‑up doors provide vehicle and equipment access
- 10‑inch poured concrete floors and commercial‑grade wiring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$160,700
$160.7K
Cap Rate 7%
$114,786
$114.8K
Cap Rate 9%
$89,278
$89.3K
Market Conditions
NOI Build-Up for 1,224 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.0K $9.81/SF
− Vacancy
−$528 −$0.43/SF
EGI
$11.5K $9.38/SF
− OpEx
−$3.4K −$2.81/SF
NOI
$8.0K $6.56/SF
Area
Putnam County, TN
Vacancy
4.40%
Lease Rate
$9.81 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$160,700
Cap Rate 7%
$114,786
Cap Rate 9%
$89,278
Alternative Uses
Best Use
Retail
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 19.44%
Second Best
Industrial
$114.8K
$100.4K – $133.9K
NOI $8,035 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$505.2K
$442.0K – $589.4K
NOI $35,362 @ 7.0% cap · market cap 35.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Standalone workshop with durable improvements, utility service, and flexible space for automotive or equipment-related operations.
Where is this auto shop located?
The property is located at 15112 Dodson Branch Hwy Cookeville, TN.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: 0.84 wooded acres with a standalone 36' x 34' insulated shop; Two 18' x 12' roll‑up doors provide vehicle and equipment access; 10‑inch poured concrete floors and commercial‑grade wiring
