Flex Space with Office and Overhead
For Sale
$559,000
340 Old Gainesboro Hwy, Cookeville, TN 38501
COMMERCIAL - Cookeville, TN
Property Size3,840 SF
Lot Size0.79 Acres
Price / SF$145.57
Days on Market27
Property Features for 340 Old Gainesboro Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNRES
Parking features
Paved or Surfaced
Directions
From Jackson County Courthouse: S Grundy Quarles Hwy for 8.8 miles onto Old Gainesboro Hwy (aka Gainesboro Grade). Turn left and property is 0.5 miles on the right. If coming from I-40 Baxter exit, go N on Hwy 56 (Grundy Quarles Hwy ) about 7 miles to Old Gainesboro Hwy. turn R and go 0.5 miles to property on the right.
Subdivision
Jackson Co SE, TN
Standard status
Active
APN
045.01
Size
3,840 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
1483
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Building materials
Frame, Stone, Metal Siding
Roof type
Metal
Listing Agency:
Horseman Real Estate, Llc
(931) 644-6590
Listed By:
Hannah Horseman · License #297619
(931) 644-6590
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 243811
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.
A 3,840 SF metal flex building built in 2020 offers office, showroom, and warehouse space under one roof. The property includes approximately 760 SF of office space that is heated and cooled with natural gas HVAC, with the remainder configured as showroom and warehouse area. A large overhead garage door provides truck access, supporting flexible delivery and receiving operations. Covered front porch area adds a defined entry feature, and paved/surfaced parking provides on-site spaces for customers and employees.
The property sits on a 0.788-acre lot with a recent survey. The property is unrestricted (UNRES). Water source is public, and natural gas is available. An additional 1 acre is available. The current use is a family-owned flooring and carpet business.
Construction materials include frame and stone with metal siding, with a metal roof. Heating is natural gas, central, and electric, and cooling is central air.
The property sits on a 0.788-acre lot with a recent survey. The property is unrestricted (UNRES). Water source is public, and natural gas is available. An additional 1 acre is available. The current use is a family-owned flooring and carpet business.
Construction materials include frame and stone with metal siding, with a metal roof. Heating is natural gas, central, and electric, and cooling is central air.
Key Highlights
- 3,840 SF metal flex building built in 2020
- About 760 SF heated and cooled office space with natural gas HVAC
- Showroom/warehouse configuration with large overhead garage door for truck access
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $9.81 |
| − Vacancy | −$1.7k | −$0.43 |
| EGI | $36.0k | $9.38 |
| − OpEx | −$5.4k | −$1.41 |
| NOI | $30.6k | $7.97 |
3,840 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$858.2K
$750.9K – $1.00M
NOI $60,074 @ 7.0% cap · market cap 10.75%
Second Best
Warehouse
$437.3K
$382.6K – $510.2K
NOI $30,611 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,939 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
33
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
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Frequently Asked Questions
What type of property is this?
Flex space - 2020 metal flex building with heated and cooled office space, showroom/warehouse space, and paved parking on 0.788 acres.
Where is this flex space located?
The property is located at 340 Old Gainesboro Hwy Cookeville, TN.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 3,840 SF metal flex building built in 2020; About 760 SF heated and cooled office space with natural gas HVAC; Showroom/warehouse configuration with large overhead garage door for truck access
