High Visibility Showroom/Warehouse in
340 Old Gainesboro Hwy Cookeville, TN 38501
340 Old Gainesboro Hwy, Cookeville, TN, 38501
$559,000
For Sale
$559,000
3840 sq ft showroom/warehouse on 0.788 acres in Cookeville.
Property Size3,840 SF
Lot Size0.79 Acres
Price / SF$145.57
Days on Market86
Property Features for 340 Old Gainesboro Hwy
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Lot size
- 0.79 Acres
Listing Agency
Horseman Real Estate, Llc
(931) 644-6590
Listed by
Hannah Horseman · License #297619
(931) 644-6590
Source
Exprealty
Added: Apr 22 Checked: Jul 16 at 12:31 pm
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 Horseman Real Estate, Llc
Investment Insights
Based on property information with market context.
Located in a rapidly growing area of SE Jackson County, close to the Putnam County line, this property features a 3840 sq ft metal building constructed in 2020. The building includes 760 sq ft of office space and showroom/warehouse space. The office area is heated and cooled with natural gas HVAC. An overhead garage door provides access for large delivery trucks. The property also features a covered front porch area. Currently used as a family-owned flooring and carpet business, the property is unrestricted and offers potential for various business uses. Improved parking provides multiple spaces for customers and employees. The lot size is 0.788 acres, according to a recent survey. Additional 1 acre is available.
Key Highlights
- High Traffic and High Visibility location in rapidly growing area
- Unrestricted property use
- Attractive 3840 sq. ft. Metal Building built in 2020
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 | $37.7k | $9.81 |
| − Vacancy | −$1.7k | −$0.43 |
| EGI | $36.0k | $9.38 |
| − OpEx | −$5.4k | −$1.41 |
| NOI | $30.6k | $7.97 |
3,840 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$858.2K
$750.9K – $1.00M
NOI $60,074 @ 7.0% cap · market cap 10.75%
Second Best
Office B
$758.3K
$663.6K – $884.7K
NOI $53,084 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,939 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sam’s Flooring
Carpet & Flooring Store
Similar For Sale Nearby
Similar Off Market Nearby
- Sam’s Flooring — 340 Old Gainesboro Hwy, Cookeville, TN 38501
- Jones Flooring Inc — 4987 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
FAQs
What type of property is this?
Showroom - 3840 sq ft showroom/warehouse on 0.788 acres in Cookeville.
Where is this showroom located?
The property is located at 340 Old Gainesboro Hwy Cookeville, TN.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: High Traffic and High Visibility location in rapidly growing area; Unrestricted property use; Attractive 3840 sq. ft. Metal Building built in 2020
