Two-Story Brick Retail and
18 N Cedar Ave Cookeville, TN 38501
New
For Sale
$518,000
SINGLE_FAMILY - Cookeville, TN
Property Size1,806 SF
Lot Size0.02 Acres
Price / SF$286.82
Days on Market2
Property Features for 18 N Cedar Ave
General Information
Property type
Residential
Property subtype
Retail
Parking features
On Street
Standard status
Active
APN
053G A 007.00
Size
1,806 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2399
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Building materials
Frame, Brick
Roof type
Rolled Hot Mop, Composition
Listing Agency:
Elevate Real Estate
(931) 520-6450
Listed By:
Donnita Hill · License #018217
(931) 261-1500
Added: Jul 29
Last Checked: Jul 30 at 2:06AM
MLS# 246179
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 two-story brick building offers a combined retail and residential setup, featuring a main-level retail storefront with high-visibility presence and an upstairs residential apartment. Public remarks indicate the building contains approximately 1,806 finished square feet, split between the main level and the upper unit.
The property is located at 18 N Cedar Ave in Cookeville, Tennessee, with the upstairs apartment described as 16. Lot size is listed at 0.0236 acres.
For buyers seeking income-generating space, the current configuration provides separate usage for the ground-floor retail and the upper-level apartment within the same building envelope.
The property is located at 18 N Cedar Ave in Cookeville, Tennessee, with the upstairs apartment described as 16. Lot size is listed at 0.0236 acres.
For buyers seeking income-generating space, the current configuration provides separate usage for the ground-floor retail and the upper-level apartment within the same building envelope.
Key Highlights
- 2‑story brick building at 18 N Cedar Ave (and 16 upstairs) in downtown Cookeville
- Approximately 1,806 finished SF with a main‑level retail storefront and an upstairs residential apartment
- Built in 1930 with frame and brick construction materials
Financial Insights For Retail
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 | $41.6k | $23.04 |
| − Vacancy | −$1.2k | −$0.69 |
| EGI | $40.4k | $22.35 |
| − OpEx | −$12.1k | −$6.70 |
| NOI | $28.3k | $15.64 |
1,806 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$403.6K
$353.2K – $470.9K
NOI $28,253 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$253.9K
$222.2K – $296.3K
NOI $17,775 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$745.4K
$652.2K – $869.6K
NOI $52,176 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- City Flowers — 103 N Willow Ave ste b, Cookeville, TN 38501
- The Power of Flowers — 410 E Spring St suite r, Cookeville, TN 38501
- Gunnels Florist — 104 N Washington Ave, Cookeville, TN 38501
- Kroger Floral — 445 S Jefferson Ave, Cookeville, TN 38501
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story brick building with a main-level retail storefront and an upstairs residential apartment totaling about 1,806 finished SF.
Where is this storefront property located?
The property is located at 18 N Cedar Ave Cookeville, TN.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: 2‑story brick building at 18 N Cedar Ave (and 16 upstairs) in downtown Cookeville; Approximately 1,806 finished SF with a main‑level retail storefront and an upstairs residential apartment; Built in 1930 with frame and brick construction materials
