Storefront With Flexible
For Sale
Contact for pricing
54 Cookeville Hwy, Carthage, TN 37030
An open customer-facing area connects to substantial rear storage and a restroom.
Property Size850 SF
Price / SF$1.18
Days on Market25
Property Features for 54 Cookeville Hwy
General Information
Standard status
Active
Size
850 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Building Details
Year Built
1963
Listing Agency:
Mid Ten Realty
(615) 489-0048
Listed By:
Michael (Woody) Woodard · License #343160
(615) 489-2134
Source:
Movehomenashville
Added: Oct 8
Changed: Oct 29
Last Checked: Oct 29 at 2:39PM
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 Mid Ten Realty
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Investment Insights
Based on property information with market context.
This 850-square-foot storefront, built in 1963, has an open front section that can be reconfigured, along with a large rear storage area and one restroom. Its layout combines customer-facing space with dedicated storage within a compact commercial building.
The property is located on Cookeville Hwy in Carthage, Tennessee, with frontage directly on Hwy 70.
The property is located on Cookeville Hwy in Carthage, Tennessee, with frontage directly on Hwy 70.
Key Highlights
- 850‑square‑foot storefront
- Open front area suited to reconfiguration
- Large rear storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,000
$196.0K
Cap Rate 7%
$140,000
$140.0K
Cap Rate 9%
$108,889
$108.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$15.3K $18.00/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$14.0K $16.47/SF
− OpEx
−$4.2K −$4.94/SF
NOI
$9.8K $11.53/SF
Area
Smith County, TN
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,000
Cap Rate 7%
$140,000
Cap Rate 9%
$108,889
Alternative Uses
Best Use
Retail
$140.0K
$122.5K – $163.3K
NOI $9,800 @ 7.0% cap · market cap 980.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 1,744.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - An open customer-facing area connects to substantial rear storage and a restroom.
Where is this storefront property located?
The property is located at 54 Cookeville Hwy Carthage, TN.
What are key features of this property?
This property features: 850‑square‑foot storefront; Open front area suited to reconfiguration; Large rear storage area
