Warehouse with Three Bay
1470 S Jefferson Ave Cookeville, TN 38501
For Sale
$1,700,000
COMMERCIAL - Cookeville, TN
Property Size8,946 SF
Lot Size2.79 Acres
Price / SF$190.03
Days on Market47
Property Features for 1470 S Jefferson Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
083B A 002.00 083B A 001.00
Size
8,946 SF
Lot size
2.79 Acres
Taxes and HOA fees
Tax Annual Amount
3528
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Block
Roof type
Rubber
Listing Agency:
The Real Estate Collective
(931) 559-9500
Listed By:
Marlen Weaver · License #356095
(931) 510-5106
Added: Jun 13
Changed: Jul 25
Last Checked: Jul 29 at 7:06AM
MLS# 245098
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 warehouse property sits on 2.79 acres and is zoned General Commercial, supporting a range of business uses. Improvements include a metal “mule hide” roof, three bay doors, and the presence of electric, water, and gas, with these systems and related equipment inspected in October 2024 and reported in appropriate working condition with necessary repairs completed. The property is being sold AS IS/WHERE IS.
The site has entrances on the north side of the property via a private drive that has been used for over 40 years. The property is approximately 2 miles from Interstate 40 and about 1.5 miles from Hwy. 111.
S Jefferson Ave. is described as a major artery into Cookeville and is currently being widened to a 5-lane road, with approximately 20,000 cars per day passing by, according to the seller’s remarks. The warehouse configuration and site setup are intended to support ongoing or new operations where General Commercial zoning is applicable.
The site has entrances on the north side of the property via a private drive that has been used for over 40 years. The property is approximately 2 miles from Interstate 40 and about 1.5 miles from Hwy. 111.
S Jefferson Ave. is described as a major artery into Cookeville and is currently being widened to a 5-lane road, with approximately 20,000 cars per day passing by, according to the seller’s remarks. The warehouse configuration and site setup are intended to support ongoing or new operations where General Commercial zoning is applicable.
Key Highlights
- 2.79‑acre General Commercial zoned property with block construction
- Approx. 2 miles to Interstate 40 and 1.5 miles to Hwy. 111; S Jefferson Ave. is a major artery into Cookeville
- Road update: S Jefferson Ave. is being widened to a 5‑lane road (about 20,000 cars/day pass by per remarks)
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 | $87.8k | $9.81 |
| − Vacancy | −$3.9k | −$0.43 |
| EGI | $83.9k | $9.38 |
| − OpEx | −$12.6k | −$1.41 |
| NOI | $71.3k | $7.97 |
8,946 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.02M
$891.4K – $1.19M
NOI $71,314 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,452 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Maple Mini Storage — 1588 S Maple Ave, Cookeville, TN 38501
- Outback Storage — 1711 S Jefferson Ave, Cookeville, TN 38506
- Storage Sense — 81 Wesley Dr, Cookeville, TN 38506
- Storage Sense - Cookeville — 1385 S Jefferson Ave, Cookeville, TN 38506
- Storage Sense - Cookeville — 131 Pigeon Rd, Cookeville, TN 38506
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse on 2.79 acres zoned General Commercial, with three bay doors and utilities inspected in October 2024.
Where is this warehouse located?
The property is located at 1470 S Jefferson Ave Cookeville, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 2.79‑acre General Commercial zoned property with block construction; Approx. 2 miles to Interstate 40 and 1.5 miles to Hwy. 111; S Jefferson Ave. is a major artery into Cookeville; Road update: S Jefferson Ave. is being widened to a 5‑lane road (about 20,000 cars/day pass by per remarks)
