105 Rickman Monterey Hwy Cookeville, TN 38506
3,600 sq ft heated and cooled flex building with office, bathroom, two shop spaces, and three bay doors on a prominent corner.
- Added:
- Jan 10, 2026
- Days on Market:
- 182
- Last Refresh:
- Jul 11 at 2:54 am
Property Features for 105 Rickman Monterey Hwy
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 2.02 Acres
Listing office The Realty Firm - Smithville (615) 464-7673
Listing date Jan 10, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The building features two 12x14 bay doors and one 8x10 bay door on concrete floors. Over half of the structure was rebuilt new in spring 2025, providing updated space for ongoing operations. Ample paved parking is available in front, with an additional gravel parking lot behind, along with stonework for eye appeal.
The property is currently operating as a lawn and garden sales and maintenance business. A detached mobile home was previously located on the back of the property, indicating utilities are likely present for further development or expansion.
Key Highlights
- Prominent corner commercial property on Hwy 111 and Rickman Monterey Hwy with appx 17,800 vehicles/day exposure
- 2.02‑acre site with a 3,600 SF heated and cooled building plus office, bathroom, and two large shop spaces
- Shop setup includes two 12x14 bay doors and one 8x10 bay door, all on concrete floors
Local Financial Insights For Retail
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 | $82.9k | $23.04 |
| − Vacancy | −$2.5k | −$0.69 |
| EGI | $80.5k | $22.35 |
| − OpEx | −$24.1k | −$6.70 |
| NOI | $56.3k | $15.64 |
