206 Elm St, Cookeville, TN 38506
For Sale
$329,900
Commercial Sale, Cookeville, TN
Property Size1,030 SF
Lot Size0.43 Acres
Price / SF$320.29
Days on Market52
Property Features for 206 Elm St
General Information
Property type
Property subtype
Zoning
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Floors in Building
Building materials
Roof type
Listing Agency:
United Country Real Estate Tennessee Home and Land
(931) 653-7653
Listed By:
Pam Looper
(931) 260-9989
Added: Sep 24
Changed: Oct 30
Last Checked: Nov 14 at 12:06AM
MLS# 247397
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.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,137
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,740
$202.7K
Cap Rate 7%
$144,814
$144.8K
Cap Rate 9%
$112,633
$112.6K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$19.8K $19.20/SF
− Vacancy
−$1.3K −$1.31/SF
EGI
$18.4K $17.89/SF
− OpEx
−$8.3K −$8.05/SF
NOI
$10.1K $9.84/SF
Area
Putnam County, TN
Vacancy
6.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,740
Cap Rate 7%
$144,814
Cap Rate 9%
$112,633
Alternative Uses
Best Use
Apartment 5plus
$144.8K
$126.7K – $169.0K
NOI $10,137 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.1K
$372.0K – $496.0K
NOI $29,757 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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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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Market
Properties on Market for Commercial land in Cookeville
Frequently Asked Questions
Where is this commercial land located?
The property is located at 206 Elm St Cookeville, TN.
What is the asking price?
The asking price for this property is $329,900.
