Insulated Automotive
For Sale
$98,500
15112 Dodson Branch Hwy, Cookeville, TN 38501
Standalone workshop with vehicle lifts, oversized doors, durable floors, and commercial-grade electrical service.
Property Size1,224 SF
Lot Size0.84 Acres
Price / SF$80.47
Days on Market34
Property Features for 15112 Dodson Branch Hwy
General Information
Standard status
Active
Size
1,224 SF
Lot size
0.84 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Service Bays
2
Amenities
roll-up doors
poured concrete floors
commercial-grade wiring
overhead lighting
wired internet
utility sink
insulated building
Building Details
Building Size
1,224 SF
Year Built
2020
Buildings
1
Listing Agency:
The Realty Firm
(931) 520-7750
Listed By:
Ashley Martin
Source:
Spotlightproperties
Added: Jul 9
Changed: Aug 11
Last Checked: Aug 11 at 8:04AM
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.
Built in 2020, this standalone automotive shop occupies .84 wooded acres and provides a 36' x 34' insulated workspace. The building includes two 18' x 12' roll-up doors, 10-inch poured concrete floors, commercial-grade wiring, overhead lighting, wired internet, and a utility sink. Dual ¾-ton car lifts support automotive repair, restoration, machinery work, and equipment storage.
The property is located at 15112 Dodson Branch Hwy in Cookeville, Tennessee. Its combination of insulated construction, substantial floor design, vehicle-accessible doors, and installed shop equipment creates a functional setting for automotive operations, storage, or personal projects.
The property is located at 15112 Dodson Branch Hwy in Cookeville, Tennessee. Its combination of insulated construction, substantial floor design, vehicle-accessible doors, and installed shop equipment creates a functional setting for automotive operations, storage, or personal projects.
Key Highlights
- .84 wooded acres with a standalone automotive shop
- 36' x 34' insulated building constructed in 2020
- Two 18' x 12' roll‑up doors for vehicle access
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
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
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 workshop with vehicle lifts, oversized doors, durable floors, and commercial-grade electrical service.
Where is this auto shop located?
The property is located at 15112 Dodson Branch Hwy 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: .84 wooded acres with a standalone automotive shop; 36' x 34' insulated building constructed in 2020; Two 18' x 12' roll‑up doors for vehicle access
