Building Details

Year Built 1951

Listing Agency: Jamison Durham Real Estate

Listed By: Keith Boykin · License #306941 Show Phone

Source: Shearonsellsteam

Added: Aug 17 Changed: Oct 2 Last Checked: Oct 7 at 5:29PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jamison Durham Real Estate

Investment Insights

Based on property information with market context.

This commercial flex property at 105 Hunter Ave includes a spacious lot with on-site parking and is zoned Commercial. The 1951-built asset can accommodate office, retail, warehouse, or service-based business functions, as stated in the property information.

The property is positioned just off Cookeville Hwy in Carthage, providing access to the surrounding road network and nearby businesses. Its existing commercial configuration offers a basis for an owner-user, relocation, or expansion plan.

Key Highlights

• Commercial zoning
• Built in 1951
• On‑site parking for customers and employees

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,874

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,437,480 $1.4M

Cap Rate 7%

$1,026,771 $1.0M

Cap Rate 9%

$798,600 $798.6K

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$106.8K $10.68/SF

− Vacancy

−$4.1K −$0.41/SF

EGI

$102.7K $10.27/SF

− OpEx

−$30.8K −$3.08/SF

NOI

$71.9K $7.19/SF

Area

Smith County, TN

Vacancy

3.86%

Lease Rate

$10.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,437,480

Cap Rate 7%

$1,026,771

Cap Rate 9%

$798,600

Alternative Uses

Best Use

Flex RnD

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,150 @ 7.0% cap · market cap 12.35%

Second Best

Warehouse

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,102 @ 7.0% cap · market cap 10.68%

Theoretical Best

Office A

$2.93M

$2.57M – $3.42M (±1% cap)

NOI $205,200 @ 7.0% cap · market cap 22.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Rackley Roofing Roofing Company

Suggested Use

Top Pick Dental Office Building Supply (Bike/Boat/Book/etc) Store Locksmith Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 37030, TN

7,258

Population

3,364

Households

2.2

Avg Household Size

41

Median Age

20%

College-Educated

85%

High-School Grad

65.0 sq mi

ZIP Area

112

Density / Sq Mi

$57,510

Median Household Income

$39,926

Median Earnings

$918

Median Rent

$226,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Commercial zoning, on-site parking, and access from Cookeville Hwy support office, retail, warehouse, or service uses.

Where is this flex space located?

The property is located at 105 Hunter Ave Carthage, TN.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Commercial zoning; Built in 1951; On‑site parking for customers and employees