Renovated Retail Office
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 Market24
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: Jul 9
Changed: Jul 25
Last Checked: Aug 1 at 8:06AM
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.
Renovated commercial building originally constructed in 1935 with block construction. The property includes a small storefront/retail area and offices for the remainder of the building, with a complete renovation completed in 2000.
The site is within Cookeville city limits and zoned CG. The property sits on a level parcel and features paved asphalt parking with 15 spaces for open parking. Public remarks indicate it is located in a high-traffic area within about one-half mile of I-40 at exit 287, with major chain stores and restaurants located within sight.
The offering includes the building and the paved parking area on a 0.41-acre lot.
The site is within Cookeville city limits and zoned CG. The property sits on a level parcel and features paved asphalt parking with 15 spaces for open parking. Public remarks indicate it is located in a high-traffic area within about one-half mile of I-40 at exit 287, with major chain stores and restaurants located within sight.
The offering includes the building and the paved parking area on a 0.41-acre lot.
Key Highlights
- Prime commercial location in a high‑traffic area.
- Located within 1/2 mile of I‑40 (Exit 287).
- Zoned CG within Cookeville city limits.
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 - Renovated 1935 block building offers storefront retail space and office areas with on-site paved parking.
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: Prime commercial location in a high‑traffic area.; Located within 1/2 mile of I‑40 (Exit 287).; Zoned CG within Cookeville city limits.
