Versatile Flex and Warehouse
250 North Jefferson Avenue Cookeville, TN 38501
250 North Jefferson Avenue, Cookeville, TN, 38501
$2,389,999
For Sale
$2,389,999
Multi-use commercial building with flexible zoning, ample on-site parking, and space for expansion on 2.06 acres.
Property Size27,000 SF
Lot Size2.06 Acres
Price / SF$88.52
Days on Market369
Property Features for 250 North Jefferson Avenue
General Information
- Standard status
- Active
- Size
- 27,000 SF
- Lot size
- 2.06 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1962
Listing agency
The Realty Firm
(931) 267-6827
Listed by
Mitch W. Copeland · License #335971
(931) 267-6827
Source
Compass
Added: Jul 20, 2025 Updated: Jul 22 at 2:20PM Checked: Jul 22 at 2:20PM
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 The Realty Firm
Investment Insights
Based on property information with market context.
This property is a versatile commercial building with approximately 27,000 square feet of space on 2.06 acres of land. The layout is described as suitable for a broad range of uses, supported by flexible zoning, including retail, office, warehouse, light industrial, or a mixed-use facility. The site also offers ample on-site parking and room for expansion.
The property is located just off South Jefferson Avenue in Cookeville, Tennessee, positioned near a busy commercial corridor for visibility and accessibility.
For buyers seeking a flexible, multi-use facility with parking and expansion room, this offering combines a substantial building area with a larger land footprint.
The property is located just off South Jefferson Avenue in Cookeville, Tennessee, positioned near a busy commercial corridor for visibility and accessibility.
For buyers seeking a flexible, multi-use facility with parking and expansion room, this offering combines a substantial building area with a larger land footprint.
Key Highlights
- Approximately 27,000 SF multi‑use commercial building on 2.06 acres
- Year built: 1962
- Flexible zoning supports a wide range of uses, including retail, office, warehouse, light industrial, and mixed‑use
Local Financial Insights For Warehouse
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 | $264.9k | $9.81 |
| − Vacancy | −$11.7k | −$0.43 |
| EGI | $253.2k | $9.38 |
| − OpEx | −$38.0k | −$1.41 |
| NOI | $215.2k | $7.97 |
27,000 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$6.03M
$5.28M – $7.04M
NOI $422,392 @ 7.0% cap · market cap 17.67%
Second Best
Warehouse
$3.07M
$2.69M – $3.59M
NOI $215,233 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$11.14M
$9.75M – $13.00M
NOI $780,036 @ 7.0% cap · market cap 32.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Williams Wholesale Supply ...
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- Firehouse Subs Cookeville — 670 S Jefferson Ave, Cookeville, TN 38501
- Grace's Lumpia — 633 S Jefferson Ave P, Cookeville, TN 38501
FAQs
What type of property is this?
Flex space - Multi-use commercial building with flexible zoning, ample on-site parking, and space for expansion on 2.06 acres.
Where is this flex space located?
The property is located at 250 North Jefferson Avenue Cookeville, TN.
What is the asking price?
The asking price for this property is $2,389,999.
What are key features of this property?
This property features: Approximately 27,000 SF multi‑use commercial building on 2.06 acres; Year built: 1962; Flexible zoning supports a wide range of uses, including retail, office, warehouse, light industrial, and mixed‑use
