Commercial Land with Existing
669 W Broad St, Cookeville, TN 38501
For Sale
$3,600,000
Commercial Sale, Cookeville, TN
Property Size14,312 SF
Lot Size11.89 Acres
Price / SF$251.54
Days on Market97
Property Features for 669 W Broad St
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
American Way Real Estate
(931) 526-9581
Listed By:
Patricia Huddleston · License TN #290697
(931) 261-7853
Added: Aug 10
Changed: Oct 16
Last Checked: Nov 14 at 12:06AM
MLS# 238525
Copyright © 2026 Upper Cumberland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 11.89-acre commercial land parcel at 669 W Broad St in Cookeville includes a 14,312-square-foot structure built in 1958. The existing improvements feature block and metal siding, a metal roof, electric heat, and central air. The property is zoned CL and lies within the Cookeville city limits.
Public water serves the site, and natural gas is available. The parcel provides a substantial land component alongside an existing commercial building, with the address and physical improvements offering a clear starting point for evaluating future use or redevelopment within the applicable zoning framework.
Public water serves the site, and natural gas is available. The parcel provides a substantial land component alongside an existing commercial building, with the address and physical improvements offering a clear starting point for evaluating future use or redevelopment within the applicable zoning framework.
Key Highlights
- 11.89 acres of commercial land within Cookeville city limits
- CL zoning
- 14,312‑square‑foot existing structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,899
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,477,980
$4.5M
Cap Rate 7%
$3,198,557
$3.2M
Cap Rate 9%
$2,487,767
$2.5M
Market Conditions
NOI Build-Up for 14,312 SF
Gross rent
$329.7K $23.04/SF
− Vacancy
−$9.9K −$0.69/SF
EGI
$319.9K $22.35/SF
− OpEx
−$96.0K −$6.70/SF
NOI
$223.9K $15.64/SF
Area
Putnam County, TN
Vacancy
3.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,477,980
Cap Rate 7%
$3,198,557
Cap Rate 9%
$2,487,767
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $223,899 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,956 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$5.91M
$5.17M – $6.89M
NOI $413,477 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
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Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
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Market
Properties on Market for Commercial land in Cookeville
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - CL-zoned site includes a substantial on-site structure with public water and natural gas availability.
Where is this commercial land located?
The property is located at 669 W Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 11.89 acres of commercial land within Cookeville city limits; CL zoning; 14,312‑square‑foot existing structure
