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Office Building with Receiving Bay
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1150 Perimeter Park Drive, Cookeville, TN 38501

Commercial Sale, Cookeville, TN

Space Size3,000 SF - 13,499 SF
Lot Size1.60 Acres
Days on Market3

Property Features for 1150 Perimeter Park Drive

General Information

Property type Commercial Lease
Property subtype Other
Zoning CR
Security features Security System
Accessibility Accessible Approach with Ramp
Lot features Landscaped
Directions From PCCH: East on Spring Street to right on Neal to right on Perimeter Park Drive to cul de sac, property on left.
Subdivision Cookeville NE, TN
Standard status Active
APN 018.12 000
Size 13,499 SF
Lot size 1.60 Acres

Taxes and HOA fees

Tax Annual Amount 21131

Utilities

Utilities Electricity Available
Heating system Natural Gas
Cooling system Central Air
Water source Public

Amenities

dual kitchens
break areas
receiving bay

Building Details

Year built 2005
Floors in Building 1
Number of units 2
Building materials Frame, Brick, Stone
Roof type Metal
Listing Agency: Highlands Elite Real Estate LLC
Listed By: Wayne Russell · License #333678
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 7 at 4:06PM
MLS# 247640

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.

At 1150 Perimeter Park Drive, this 13,499-square-foot office building offers spaces from 3,000 to 13,499 square feet. Its layout includes private offices, open bullpen areas, conference rooms, training centers, two kitchens and break areas, along with a receiving bay. Built in 2005, the property underwent a renovation in 2019 and received further updates in 2025. The building has central air, natural gas heating and a metal roof.

The property occupies 1.6 acres and provides 60 parking spaces around the front, side and rear of the building. It is near the intersection of Neal Street and Perimeter Park Drive, where the stated average annual daily traffic is 11,596 vehicles. Zoning is CR, and the lease structure is NNN.

Key Highlights

  • 13,499 SF office building on 1.6 acres
  • Divisible space ranges from 3,000 SF to 13,499 SF
  • 60 parking spaces distributed around the building

Property Analytics

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Current Use

Averitt Training & Media ... Logistics Company Segar Siva MD Physician Buckeye Home Medical ... Production Facility Julie A. Thomas, APN Physician Lab Corporation Medical Laboratory

Suggested Use

Top Pick Restaurant Auto Parts Store Building Supply Law Firm Parking Lot & Garage Auto Repair Shop

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

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

267
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Cookeville, TN

$21.46 /SF/Yr
Avg Asking Price
$17.7–$25 /SF/Yr
Price Range
5,400 SF
Avg Space Size

This space is priced 5% above the average of $21.46 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - The office property offers divisible suites under an NNN lease, with private offices, shared work areas and conference rooms.
Where is this office units located?
The property is located at 1150 Perimeter Park Drive Cookeville, TN.
What are key features of this property?
This property features: 13,499 SF office building on 1.6 acres; Divisible space ranges from 3,000 SF to 13,499 SF; 60 parking spaces distributed around the building
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