Automotive Service
For Sale
Contact for pricing
225 W Jackson Street, Cookeville, TN 38501
Built in 1998 with five service bays, customer waiting area, fenced storage yard, and overhead doors on site.
Property Size4,500 SF
Price / SF$355.56
Days on Market144
Property Features for 225 W Jackson Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail, Office, Special Purpose
Zoning
CG
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Service Bays
5
Building Details
Year Built
1998
Listing Agency:
Charles Hawkins Co.
Listed By:
R. Stephen Prather · License #307427
(615) 818-8429
Source:
Crexi
Added: Apr 15
Changed: Aug 25
Last Checked: Sep 4 at 4:07PM
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 Charles Hawkins Co.
Investment Insights
Based on property information with market context.
This automotive service facility was built in 1998 and includes a customer waiting area, five service bays, parts/storage areas, restrooms, and a private office. The building also features a 150 SF canopy, overhead doors totaling 1,344 SF, and additional garage space. Outside, the site offers a chain-link fenced storage yard measuring 4,200 SF, along with 2,800 SF of combined asphalt/concrete paving.
The property is served by public electric, natural gas, water, and sewer, supporting day-to-day operational needs for an automotive service use.
The property is served by public electric, natural gas, water, and sewer, supporting day-to-day operational needs for an automotive service use.
Key Highlights
- 4,500 SF structure built in 1998 with customer waiting area and five service bays
- Includes parts/storage, restrooms, and a private office
- On‑site canopy totals 150 SF and overhead doors total 1,344 SF
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
$70,399
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
4.40%
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%
$1,407,980
$1.4M
Cap Rate 7%
$1,005,700
$1.0M
Cap Rate 9%
$782,211
$782.2K
Market Conditions
NOI Build-Up for 4,500 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
$103.7K $23.04/SF
− Vacancy
−$3.1K −$0.69/SF
EGI
$100.6K $22.35/SF
− OpEx
−$30.2K −$6.70/SF
NOI
$70.4K $15.64/SF
Area
Putnam County, TN
Vacancy
3.00%
Lease Rate
$23.04 /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%
$1,407,980
Cap Rate 7%
$1,005,700
Cap Rate 9%
$782,211
Alternative Uses
Best Use
Retail
$1.01M
$880.0K – $1.17M
NOI $70,399 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,006 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,403
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Built in 1998 with five service bays, customer waiting area, fenced storage yard, and overhead doors on site.
Where is this auto shop located?
The property is located at 225 W Jackson Street Cookeville, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,500 SF structure built in 1998 with customer waiting area and five service bays; Includes parts/storage, restrooms, and a private office; On‑site canopy totals 150 SF and overhead doors total 1,344 SF
