Insulated Automotive
For Sale
$98,500
15112 Dodson Branch Ed, Cookeville, TN 38501
Standalone insulated shop with two oversized roll-up doors, dual car lifts, poured concrete floors, and commercial wiring.
Property Size1,224 SF
Lot Size0.84 Acres
Price / SF$80.47
Days on Market33
Property Features for 15112 Dodson Branch Ed
General Information
Standard status
Active
Size
1,224 SF
Lot size
0.84 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$314
Amenities
insulated building
oversized roll-up doors
poured concrete floors
commercial-grade wiring
overhead lighting
wired internet
utility sink
car lifts
Building Details
Year Built
2020
Listing Agency:
The Realty Firm
(931) 260-0807
Listed By:
Ashley Martin
(931) 260-0807
Source:
Firstrealty
Added: Jul 24
Changed: Aug 17
Last Checked: Aug 25 at 9:23AM
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 The Realty Firm
Investment Insights
Based on property information with market context.
The property is a standalone, fully insulated shop measuring 36' x 34'. The interior is built for automotive and equipment work, with two oversized 18' x 12' roll-up doors, 10-inch poured concrete floors, bright overhead lighting, and commercial-grade wiring. The shop is also equipped with wired internet and a utility sink.
A dual-ton car lift setup supports automotive repair and restoration projects, along with machinery and heavy equipment work. For year-round usability, the insulation helps maintain a more comfortable operating environment.
Situated on a wooded 0.84-acre lot, the building is presented as a ready-to-use workspace for an owner-operator or small business needing dedicated storage and shop functionality.
A dual-ton car lift setup supports automotive repair and restoration projects, along with machinery and heavy equipment work. For year-round usability, the insulation helps maintain a more comfortable operating environment.
Situated on a wooded 0.84-acre lot, the building is presented as a ready-to-use workspace for an owner-operator or small business needing dedicated storage and shop functionality.
Key Highlights
- 2020 standalone 36' x 34' insulated shop on 0.84 wooded acres
- Two oversized 18' x 12' roll‑up doors for easy vehicle and equipment access
- Dual‑ton car lifts for automotive repair, restoration, or heavy‑duty equipment projects
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
$8,035
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
8.16%
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%
$160,700
$160.7K
Cap Rate 7%
$114,786
$114.8K
Cap Rate 9%
$89,278
$89.3K
Market Conditions
NOI Build-Up for 1,224 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
$12.0K $9.81/SF
− Vacancy
−$528 −$0.43/SF
EGI
$11.5K $9.38/SF
− OpEx
−$3.4K −$2.81/SF
NOI
$8.0K $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%
$160,700
Cap Rate 7%
$114,786
Cap Rate 9%
$89,278
Alternative Uses
Best Use
Retail
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 19.44%
Second Best
Industrial
$114.8K
$100.4K – $133.9K
NOI $8,035 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$505.2K
$442.0K – $589.4K
NOI $35,362 @ 7.0% cap · market cap 35.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Standalone insulated shop with two oversized roll-up doors, dual car lifts, poured concrete floors, and commercial wiring.
Where is this auto shop located?
The property is located at 15112 Dodson Branch Ed Cookeville, TN.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: 2020 standalone 36' x 34' insulated shop on 0.84 wooded acres; Two oversized 18' x 12' roll‑up doors for easy vehicle and equipment access; Dual‑ton car lifts for automotive repair, restoration, or heavy‑duty equipment projects
