Insulated Automotive
For Sale
$98,500
15112 Dodson Branch Hwy, Cookeville, TN 38501
Standalone workshop with roll-up access, vehicle lifts, and functional infrastructure for automotive work or equipment storage.
Property Size1,224 SF
Lot Size0.84 Acres
Price / SF$80.47
Days on Market14
Property Features for 15112 Dodson Branch Hwy
General Information
Standard status
Active
Size
1,224 SF
Lot size
0.84 Acres
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 Details
Year Built
2020
Buildings
1
Listing Agency:
The Realty Firm
(931) 260-0807
Listed By:
Ashley Martin
Source:
Fykesrealtygroup
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 30 at 7:43PM
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 contains 1,224 square feet within a 36-by-34-foot insulated building on .84 wooded acres. The interior includes two oversized 18-by-12-foot roll-up doors, 10-inch poured concrete floors, commercial-grade wiring, overhead lighting, wired internet, and a utility sink. Two ¾-ton car lifts are installed for automotive repair, restoration, machinery, or equipment-related work.
Located at 15112 Dodson Branch Hwy in Cookeville, TN, the property combines a dedicated shop building with wooded acreage and practical on-site improvements. Its configuration supports automotive workspace, equipment storage, or a small business location, as described for the property.
Located at 15112 Dodson Branch Hwy in Cookeville, TN, the property combines a dedicated shop building with wooded acreage and practical on-site improvements. Its configuration supports automotive workspace, equipment storage, or a small business location, as described for the property.
Key Highlights
- 1,224‑square‑foot standalone shop on .84 wooded acres
- Built in 2020 with a fully insulated 36' x 34' building
- Two oversized 18' x 12' roll‑up doors
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 Industrial 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 roll-up access, vehicle lifts, and functional infrastructure for automotive work or equipment storage.
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: 1,224‑square‑foot standalone shop on .84 wooded acres; Built in 2020 with a fully insulated 36' x 34' building; Two oversized 18' x 12' roll‑up doors
