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    Ready Industrial Building For Lease Title is generated by Realmo AI

    3311 Highlands Park Blvd, Cookeville, TN

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    152,250 SF industrial building with expansion potential.

    Type:INDUSTRIAL
    Property size:
    152,250 SF
    Lot size:
    15.59 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    188
    Last Refresh:
    May 19 at 10:32 pm

    Property Features for 3311 Highlands Park Blvd

    General Information

    Standard status
    Active
    Size
    152,250 SF
    Lot size
    15.59 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 3311 Highlands Park Blvd Contact us

    We can help!

    Listing Contact
    John Bainer
    John Bainer

    Listing agent John Bainer

    Listing office The Hollingsworth Companies

    Listing date Nov 25, 2025

    Source Moodyscre

    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 Hollingsworth Companies

    HighLights

    • Upfit‑ready industrial building with 152,250 SF on 15.59 acres.
    • Expandable up to 202,650 total SF with preplanned expansion.
    • Benefit from 32’ minimum clear height and 60’ x 60’ column spacing.
    • Includes ten (10) 9’ x 10’ loading docks and one (1) drive‑thru (14’ x 14’) door.
    • Features ESFR sprinkler system and 1200 Amp 277/480 volt 3‑Phase power (expandable).
    • Durable construction with a 24‑gauge standing seam Galvalume roof (30‑year service life) maintained by the landlord.

    Overview

    This 152,250 square foot industrial building is available for lease on 15.59 acres. It features pre-engineered steel column and beam design and a minimum clear height of 32 feet. The column spacing is 60 feet by 60 feet. Walls are split face masonry three sides to 7 feet 4 inches, with metal to eaves, and a metal rear expansion wall. The floor is 6-inch 4,000 psi concrete with Helix micro rebar and a 10 mil vapor barrier. The roof is 24-gauge standing seam Galvalume with a 30-year service life. The building is equipped with ESFR specification sprinklers and 100% wet sprinkler system. Power is supplied by a 1200 Amp 277/480 volt 3-Phase service, expandable, and LED lighting. HVAC is provided by efficient suspended gas forced-air heaters. There are ten 9-foot by 10-foot loading doors and one 14-foot by 14-foot drive-thru door. Sixteen 11-foot by 50-foot trailer drops are available, along with 71 car parking spaces with additional spaces possible. Utilities include electric, water, and sewer provided by the City of Cookeville Utilities. T1 communication is available in addition to standard telecommunication services. The building has preplanned expansion up to 202,650 total square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5016
    Latitude
    36.1628

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    FAQs

    What type of property is this?
    Warehouse - 152,250 SF industrial building with expansion potential.
    Where is this warehouse located?
    The property is located at 3311 Highlands Park Blvd Cookeville, TN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Upfit‑ready industrial building with **152,250 SF on 15.59 acres**.; Expandable up to 202,650 total SF with preplanned expansion.; Benefit from **32’ minimum clear height** and 60’ x 60’ column spacing.
    (865) 719-3902 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Bainer
    John Bainer
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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