Mixed-Use Office/Retail
For Sale
$649,900
107 S Washington, Cookeville, TN 38501
Commercial Sale, Cookeville, TN
Property Size3,408 SF
Price / SF$190.70
Days on Market98
Property Features for 107 S Washington
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CBD
Parking features
Offsite, On Street
Accessibility
Accessible Approach with Ramp
Directions
From PCCH: South on S Washington to property on right
Subdivision
Cookeville NE, TN
Standard status
Active
APN
002.00
Size
3,408 SF
Taxes and HOA fees
Tax Annual Amount
3411
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Building materials
Block, Brick, Metal Siding
Roof type
Composition, Flat
Listing Agency:
Highlands Elite Real Estate LLC
(931) 400-8820
Listed By:
Wayne Russell · License #333678
(931) 260-3743
Added: Jul 1
Changed: Sep 15
Last Checked: Oct 6 at 10:06PM
MLS# 245525
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 well-maintained mixed-use building provides approximately 3,408 square feet across a main level and finished basement. The first floor includes multiple private offices, separate men's and women's restrooms, a kitchenette, and open bullpen space. The lower level adds flexible open area and additional restrooms for storage, support functions, or workspace.
Located at 107 S Washington in Cookeville, the property fronts S. Washington Avenue within the Central Business District (CBD) zoning designation. Central heating and air conditioning serve the building, while block, brick, and metal siding form the exterior. Access includes an accessible approach with ramp, and parking is available offsite and on street.
Located at 107 S Washington in Cookeville, the property fronts S. Washington Avenue within the Central Business District (CBD) zoning designation. Central heating and air conditioning serve the building, while block, brick, and metal siding form the exterior. Access includes an accessible approach with ramp, and parking is available offsite and on street.
Key Highlights
- Approximately 3,408 square feet across two levels
- Central Business District (CBD) zoning
- First‑floor offices, kitchenette, restrooms, and open bullpen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,315
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,300
$1.1M
Cap Rate 7%
$761,643
$761.6K
Cap Rate 9%
$592,389
$592.4K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$78.5K $23.04/SF
− Vacancy
−$2.4K −$0.69/SF
EGI
$76.2K $22.35/SF
− OpEx
−$22.8K −$6.70/SF
NOI
$53.3K $15.64/SF
Area
Putnam County, TN
Vacancy
3.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,300
Cap Rate 7%
$761,643
Cap Rate 9%
$592,389
Alternative Uses
Best Use
Retail
$761.6K
$666.4K – $888.6K
NOI $53,315 @ 7.0% cap · market cap 8.20%
Second Best
Office B
$673.0K
$588.9K – $785.2K
NOI $47,112 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,458 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building with private offices, open workspace, restrooms, and a finished basement.
Where is this mixed-use property located?
The property is located at 107 S Washington Cookeville, TN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Approximately 3,408 square feet across two levels; Central Business District (CBD) zoning; First‑floor offices, kitchenette, restrooms, and open bullpen area
