Three-Property Mixed-Use
39 Cookeville Hwy, Carthage, TN 37030
For Sale
$700,000
The offering combines three commercial parcels in Carthage, Tennessee.
Property Size1,925 SF
Price / SF$363.64
Days on Market38
Property Features for 39 Cookeville Hwy
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Jamison Durham Real Estate
Listed By:
Keith Boykin · License #306941
(615) 788-9356
Source:
Thewingategroupllc
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 7 at 12:42PM
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 Jamison Durham Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property portfolio brings together three commercial parcels in Carthage, Tennessee. The offering includes 39 Cookeville Hwy, 121 Hunter Ave, and a parcel on Bluff Road. The Cookeville Hwy property is identified by Tax ID 054P A 001.00; 121 Hunter Ave is Tax ID 054P A 002.00; and the Bluff Road parcel is Tax ID 054 019.00.
Key Highlights
- Three‑property commercial package in Carthage, Tennessee
- Includes 39 Cookeville Hwy, 121 Hunter Ave, and a Bluff Road parcel
- Tax IDs: 054P A 001.00, 054P A 002.00, and 054 019.00
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,988
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,760
$519.8K
Cap Rate 7%
$371,257
$371.3K
Cap Rate 9%
$288,756
$288.8K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$46.2K $24.00/SF
− Vacancy
−$4.6K −$2.40/SF
EGI
$41.6K $21.60/SF
− OpEx
−$15.6K −$8.10/SF
NOI
$26.0K $13.50/SF
Area
Smith County, TN
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,760
Cap Rate 7%
$371,257
Cap Rate 9%
$288,756
Alternative Uses
Best Use
Mixed Use
$371.3K
$324.9K – $433.1K
NOI $25,988 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.3K
$493.8K – $658.4K
NOI $39,501 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 37030, TN
7,258
Population
3,364
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
85%
High-School Grad
65.0 sq mi
ZIP Area
112
Density / Sq Mi
$57,510
Median Household Income
$39,926
Median Earnings
$918
Median Rent
$226,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines three commercial parcels in Carthage, Tennessee.
Where is this mixed-use property located?
The property is located at 39 Cookeville Hwy Carthage, TN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑property commercial package in Carthage, Tennessee; Includes 39 Cookeville Hwy, 121 Hunter Ave, and a Bluff Road parcel; Tax IDs: 054P A 001.00, 054P A 002.00, and 054 019.00
