Cookeville Industrial Building For
For Sale
$1,500,000
1075 Willow Industrial Court, Cookeville, TN 38501
20,000 SF industrial building suitable for distribution and manufacturing.
Property Size19,200 SF
Price / SF$75
Days on Market97
Property Features for 1075 Willow Industrial Court
General Information
Standard status
Active
Size
19,200 SF
Property subtype
Warehouse
Building Details
Building Size
19,200 SF
Year Built
2001
Listing Agency:
Upper Cumberland Commercial Real Estate Services
(931) 284-9098
Listed By:
Craig Hughes · License #339942
(931) 284-9098
Source:
Thebrokerlist
Added: May 21
Changed: Aug 21
Last Checked: Aug 25 at 4:46AM
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 Upper Cumberland Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property at 1075 Willow Industrial Court in Cookeville, TN, is a 20,000 SF industrial building constructed in 2001. It is suitable for distribution and light manufacturing. The building features durable construction, spacious clear-height areas, a generous truck court, and wide drive aisles. It also includes modern electrical and utility infrastructure, ample parking, and a secure perimeter. The property has 3-Phase Power, sprinklers, and air lines installed. The location is less than a mile from I-40 and approximately 78 miles from Nashville, TN, providing access to regional and national markets. The surrounding area offers a skilled workforce, strong infrastructure, and a pro-business environment.
Key Highlights
- Prime industrial location less than a mile from I‑40, providing easy access to regional and national markets.
- 20,000 SF building tailored for distribution and light manufacturing.**
- Durable construction, spacious clear‑height areas, and a generous truck court.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$131,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,625,940
$2.6M
Cap Rate 7%
$1,875,671
$1.9M
Cap Rate 9%
$1,458,856
$1.5M
Market Conditions
NOI Build-Up for 20,000 SF
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.
Gross rent
$196.2K $9.81/SF
− Vacancy
−$8.6K −$0.43/SF
EGI
$187.6K $9.38/SF
− OpEx
−$56.3K −$2.81/SF
NOI
$131.3K $6.56/SF
Area
Putnam County, TN
Vacancy
4.40%
Lease Rate
$9.81 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,625,940
Cap Rate 7%
$1,875,671
Cap Rate 9%
$1,458,856
Alternative Uses
Best Use
Warehouse
$2.28M
$1.99M – $2.66M
NOI $159,432 @ 7.0% cap · market cap 10.63%
Second Best
Industrial
$1.88M
$1.64M – $2.19M
NOI $131,297 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$8.25M
$7.22M – $9.63M
NOI $577,805 @ 7.0% cap · market cap 38.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - 20,000 SF industrial building suitable for distribution and manufacturing.
Where is this distribution center located?
The property is located at 1075 Willow Industrial Court Cookeville, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime industrial location less than a mile from I‑40, providing easy access to regional and national markets.; 20,000 SF building tailored for distribution and light manufacturing.**; Durable construction, spacious clear‑height areas, and a generous truck court.
