Renovated Storefront
New
For Sale
$1,500,000
820 S Jefferson Avenue, Cookeville, TN 38501
SINGLE_FAMILY - Cookeville, TN
Property Size3,657 SF
Lot Size0.41 Acres
Price / SF$410.17
Days on Market2
Property Features for 820 S Jefferson Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Directions
From Nashville , I 40 East to Exit # 287, L onto S Jefferson, Property on Right. Located approximately 1/2 mile from I-40 Exit.
Subdivision
Putnam Co SE, TN
Standard status
Active
APN
023.00
Size
3,657 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
7773
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Building materials
Block
Roof type
Flat
Listing Agency:
Crye-Leike Lebanon
(615) 444-9777
Listed By:
Wes Stone · License #210475,279833
(615) 289-9551
Added: Aug 3
Last Checked: Aug 4 at 11:06PM
MLS# 234560
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.
Investment Insights
Based on property information with market context.
This 3,657-square-foot storefront property at 820 S Jefferson Avenue combines a small retail area with offices occupying the balance of the building. Originally constructed in 1935 with block construction, the building was completely renovated in 2000. It has a flat roof, central heating, central air, and public water service. The site is level and includes 4,680 square feet of asphalt paving with 15 open parking spaces.
The property is located within Cookeville city limits and carries CG zoning. Interstate 40 is within 1/2 mile at Exit 287, while major chain stores and restaurants are located within sight of the building. The 0.41-acre parcel provides a compact commercial setting with established paving and on-site parking.
The property is located within Cookeville city limits and carries CG zoning. Interstate 40 is within 1/2 mile at Exit 287, while major chain stores and restaurants are located within sight of the building. The 0.41-acre parcel provides a compact commercial setting with established paving and on-site parking.
Key Highlights
- 3,657‑square‑foot building on a 0.41‑acre parcel
- Small storefront/retail area with offices in the remaining space
- Completely renovated in 2000; block construction originally built in 1935
Financial Insights For Retail
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 | $84.3k | $23.04 |
| − Vacancy | −$2.5k | −$0.69 |
| EGI | $81.7k | $22.35 |
| − OpEx | −$24.5k | −$6.70 |
| NOI | $57.2k | $15.64 |
3,657 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$817.3K
$715.1K – $953.5K
NOI $57,211 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$722.2K
$631.9K – $842.6K
NOI $50,554 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,652 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with retail frontage, office areas, central systems, and CG zoning within Cookeville city limits.
Where is this storefront property located?
The property is located at 820 S Jefferson Avenue Cookeville, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,657‑square‑foot building on a 0.41‑acre parcel; Small storefront/retail area with offices in the remaining space; Completely renovated in 2000; block construction originally built in 1935
