Sign Up Successful!
You now have access to more from Realmo!
    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

    39 W Jackson St Cookeville, TN 38501

    Sponsored
    For Sale
    $564,929

    LAND - Cookeville, TN

    Lot size:
    0.61 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 1 at 12:06 pm

    Property Features for 39 W Jackson St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CG (C3)
    APN
    053J K 014.00
    Lot size
    0.61 Acres

    Utilities

    Water source
    Public

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Heather Skender-Newton

    Skender-Newton Realty (931) 261-9001

    Listing agent Heather Skender-Newton (931) 261-9001

    Listing date Jan 7, 2026

    MLS# 239303

    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 Land in Cookeville, TN

    This corner paved lot is zoned CG (General Commercial- C3) and features high traffic volume and visibility. Located off W Jackson and S Cedar, the property includes city utilities, ample parking, signage, and sidewalks. The site is set up for multiple use types and includes three slabs where buildings used to be. The lot size is 0.61 acres. Building information for a business or office requires 1 parking space per 250 square feet, retail requires 1 parking spot per 200 square feet, apartments require 1.25 parking spots per bedroom, townhomes require 3 parking spaces per unit, and barbershops or salons require 2 parking spaces per chair. The property is located in Cookeville, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tri Star Motor ... Railroad Equipment Supplier Tri Star Truck ... Used Truck Dealer Cookeville Dent Repair Auto Dent Removal Service Stalnaker Auto Detailing Car Detailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5091014
    Latitude
    36.1545238

    Nearby Similar for Sale

    • $2,500,000
      8,407 SF

      Grand Colonial Revival Estate

      Spacious estate on 40 unrestricted acres with expansion potential.
      6211 Rocky Point Rd, Cookeville, TN 38506
      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
    • $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
    • $739,000
      Pending

      Cookeville Commercial Building For Sale

      2,778 sqft commercial building on 0.49 acres in Cookeville.
      520 E 10Th St, Cookeville, TN 38501
      View Details
    • $544,900
      3,249 SF

      Cookeville Triplex Near TTU

      Income-producing triplex near TTU, shopping, and downtown Cookeville.
      641 N Dixie Ave, Cookeville, TN 38501
      View Details
    • $1,500,000
      17,110 SF

      Prime Commercial Property in Cookeville

      17,000+ sq ft commercial property in a desirable location.
      215 S Jefferson Ave, 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
    • $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
    • $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
    • $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
    • $110,500
      0.20 Acres

      7-Unit Storage Building Investment

      Income-producing 7-unit storage building near major highways.
      1933 W Broad St, Cookeville, TN 38501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with high visibility and city utilities in Cookeville.
    Where is this commercial land located?
    The property is located at 39 W Jackson St Cookeville, TN.
    What is the asking price?
    The asking price for this property is $564,929.
    What are key features of this property?
    This property features: - High traffic volume and visibility due to prime corner location.; - Zoned CG (General Commercial- C3) allowing for multiple use types.; - City utilities available.
    (931) 261-9001
    Request Owner's contact information
    39 W Jackson St 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.
    39 W Jackson St
    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
    39 W Jackson St 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
    Heather Skender-Newton
    Real Estate License ID: 00272220
    (931) 261-9001
    Learn more
    Google sign-in failed. Please try again or use another login method.