Single-Tenant Industrial
1975 BROWNS MILL RD, Cookeville, TN 38506
For Sale
Contact for pricing
A sale-leaseback arrangement with one tenant provides an established occupancy structure.
Property Size12,400 SF
Lot Size2.00 Acres
Price / SF$161.29
Days on Market26
Property Features for 1975 BROWNS MILL RD
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Highway Access
Tenant in Place
Property Use
Building Details
Building Size
Tenancy
Listing Agency:
Upper Cumberland Commercial
Listed By:
Craig Hughes · License TN #339942
(931) 284-9098
Source:
Crexi
Added: Oct 20
Changed: Nov 11
Last Checked: Nov 12 at 8:12AM
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 Upper Cumberland Commercial
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Investment Insights
Based on property information with market context.
The 12,400-square-foot industrial property combines warehouse and manufacturing space on a 2-acre site. It is occupied by a single tenant under a sale-leaseback arrangement.
The property is located just off Highway 111 and Interstate 40, with access to both transportation routes.
The property is located just off Highway 111 and Interstate 40, with access to both transportation routes.
Key Highlights
- 12,400 SF warehouse and manufacturing facility
- 2‑acre site
- Single‑tenant occupancy through a sale‑leaseback arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,848
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,960
$2.0M
Cap Rate 7%
$1,412,114
$1.4M
Cap Rate 9%
$1,098,311
$1.1M
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$121.6K $9.81/SF
− Vacancy
−$5.4K −$0.43/SF
EGI
$116.3K $9.38/SF
− OpEx
−$17.4K −$1.41/SF
NOI
$98.8K $7.97/SF
Area
Putnam County, TN
Vacancy
4.40%
Lease Rate
$9.81 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,960
Cap Rate 7%
$1,412,114
Cap Rate 9%
$1,098,311
Alternative Uses
Best Use
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,848 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$1.16M
$1.02M – $1.36M
NOI $81,404 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$5.12M
$4.48M – $5.97M
NOI $358,239 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38506, TN
29,976
Population
13,018
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
90%
High-School Grad
164.3 sq mi
ZIP Area
182
Density / Sq Mi
$63,051
Median Household Income
$37,589
Median Earnings
$1,032
Median Rent
$256,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Putnam County, TN
Properties on Market for Warehouses in Putnam County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Maple Mini Storage — 1588 S Maple Ave, Cookeville, TN 38501
- Saf T Storage — 1803 Brown's Mill Rd, Cookeville, TN 38506
Frequently Asked Questions
What type of property is this?
Warehouse - A sale-leaseback arrangement with one tenant provides an established occupancy structure.
Where is this warehouse located?
The property is located at 1975 BROWNS MILL RD Cookeville, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,400 SF warehouse and manufacturing facility; 2‑acre site; Single‑tenant occupancy through a sale‑leaseback arrangement
