Restaurant
For Sale
$799,998
2331 W Broad St, Cookeville, TN 38501
The restaurant property is located on W Broad St in Cookeville.
Property Size4,263 SF
Days on Market15
Property Features for 2331 W Broad St
General Information
Standard status
Active
Size
4,263 SF
Building Details
Building Size
4,263 SF
Year Built
1975
Listing Agency:
Elevate Real Estate
Listed By:
Elijah Castelli · License #302586
(931) 283-2312
Source:
Evrealestate
Added: Sep 23
Changed: Sep 28
Last Checked: Oct 7 at 12:55PM
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 Elevate Real Estate
Investment Insights
Based on property information with market context.
This restaurant property is located at 2331 W Broad St in Cookeville, Tennessee. The building dates to 1975.
Key Highlights
- 2331 W Broad St address in Cookeville, TN 38501
- Building constructed in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,571
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,420
$1.4M
Cap Rate 7%
$1,008,157
$1.0M
Cap Rate 9%
$784,122
$784.1K
Market Conditions
NOI Build-Up for 4,263 SF
Gross rent
$98.2K $23.04/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$94.1K $22.07/SF
− OpEx
−$23.5K −$5.52/SF
NOI
$70.6K $16.55/SF
Area
Putnam County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,420
Cap Rate 7%
$1,008,157
Cap Rate 9%
$784,122
Alternative Uses
Best Use
Specialty Retail
$1.01M
$882.1K – $1.18M
NOI $70,571 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,159 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
8,675 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant property is located on W Broad St in Cookeville.
Where is this conventional restaurant located?
The property is located at 2331 W Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $799,998.
What are key features of this property?
This property features: 2331 W Broad St address in Cookeville, TN 38501; Building constructed in 1975
