220 W 3rd Street Cookeville, TN 38501
SINGLE_FAMILY - Cookeville, TN
Property Features for 220 W 3rd Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- MS
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 005.00
- Size
- 700 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1612
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Frame, Vinyl Siding
- Roof type
- Metal
Listing agent Wayne Russell License #333678 (931) 260-3743
Listing office Highlands Elite Real Estate LLC 1519 E Spring Street A, Cookeville, TN (931) 400-8820
Listing date Jul 14, 2026
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.
The site offers 50' of frontage along W 3rd and is within walking distance to CRMC. The property is designated MS zoning.
This is a compact, well-suited standalone building for an owner-operator or tenant seeking a combination of open and private space within a single improved facility.
Key Highlights
- Nicely appointed office/retail building with 700+/- SF of improved space
- Open retail space plus separate office, kitchen, full restroom with shower, and storage room
- Newer HVAC installed in 2021, plus newer water heater
Local 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 | $16.1k | $23.04 |
| − Vacancy | −$484 | −$0.69 |
| EGI | $15.6k | $22.35 |
| − OpEx | −$4.7k | −$6.70 |
| NOI | $11.0k | $15.64 |
