Warehouse with Office
New
For Sale
Contact for pricing
140 E BORDEN ST, Cookeville, TN 38501
Industrial property combining conditioned office space with open warehouse area, multiple overhead doors, and Local Commercial zoning.
Property Size3,640 SF
Lot Size0.33 Acres
Price / SF$137.34
Days on Market4
Property Features for 140 E BORDEN ST
General Information
Standard status
Active
Size
3,640 SF
Class
C
Total Parking Spaces
6
Lot size
0.33 Acres
Property subtype
Industrial
Zoning
Local Commercial
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
13 ft
Warehouse Space
2,840 SF
Office Build-Out
800 SF
Drive-In Doors
4
Building Details
Year Built
1972
Buildings
1
Stories
1
Units
1
Building Size
3,640 SF
Listing Agency:
Highlands Elite Real Estate Commercial
(931) 260-3743
Listed By:
Wayne Russell · License #TN 333678
Source:
Crexi
Added: Aug 2
Changed: Aug 5
Last Checked: Aug 5 at 3:19PM
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 Highlands Elite Real Estate Commercial
Investment Insights
Based on property information with market context.
This 3,640-square-foot warehouse property includes approximately 800 square feet of heated and cooled office space alongside 2,840+ square feet of open warehouse area. Four 10’ X 12’ GLOH doors serve the building, which offers a 15’ peak height and 13’+ clear height. A new roof was installed in 2024, and utilities are available to the site.
The 0.33+/- acre property has approximately 115' of frontage along E Borden Road in Cookeville, positioned west of and behind the S. Jefferson Avenue Kroger shopping center. Local Commercial zoning supports the property’s combined office and warehouse configuration.
The 0.33+/- acre property has approximately 115' of frontage along E Borden Road in Cookeville, positioned west of and behind the S. Jefferson Avenue Kroger shopping center. Local Commercial zoning supports the property’s combined office and warehouse configuration.
Key Highlights
- 3,640sf building with approximately 800sf of office and 2,840+/-sf of warehouse space
- Four 10’ X 12’ GLOH doors
- 15’ peak height and 13’+ clear height
Financial Insights For Warehouse
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 | $35.7k | $9.81 |
| − Vacancy | −$1.6k | −$0.43 |
| EGI | $34.1k | $9.38 |
| − OpEx | −$5.1k | −$1.41 |
| NOI | $29.0k | $7.97 |
3,640 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$718.8K
$629.0K – $838.7K
NOI $50,319 @ 7.0% cap · market cap 10.07%
Second Best
Warehouse
$414.5K
$362.7K – $483.6K
NOI $29,017 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,160 @ 7.0% cap · market cap 21.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
4
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AAA Mini Warehouses — 575 S Willow Ave, Cookeville, TN 38501
- Store Smart Self Storage — 610 S Jefferson Ave, Cookeville, TN 38501
- Two Men and a Truck Moving and Storage — 350 W Broad St, Cookeville, TN 38501
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property combining conditioned office space with open warehouse area, multiple overhead doors, and Local Commercial zoning.
Where is this warehouse located?
The property is located at 140 E BORDEN ST Cookeville, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,640sf building with approximately 800sf of office and 2,840+/-sf of warehouse space; Four 10’ X 12’ GLOH doors; 15’ peak height and 13’+ clear height
