Live-Work Flex
8515 Cookeville Boatdock Rd Baxter, TN 38506
New
8515 Cookeville Boatdock Rd, Baxter, TN, 38506
$774,900
For Sale
$774,900
COMMERCIAL - Baxter, TN
Property Size3,000 SF
Price / SF$258.30
Days on Market2
Property Features for 8515 Cookeville Boatdock Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- No Zoning
- Parking features
- Paved or Surfaced
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 066.02+TBD
Taxes and HOA fees
- Tax Annual Amount
- 323
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 2000
- Building materials
- Frame, Metal Siding, Vinyl Siding
- Roof type
- Metal
Listing agency
The Realty Firm
(931) 520-7750
Listed by
Christy Ehlert-Wagner
(931) 979-1977
Added: Jul 21 Updated: Jul 22 at 1:04AM Checked: Jul 22 at 10:06AM
MLS# 245994
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 renovated metal flex building has been rebuilt down to basically bare bones and outfitted with new cement block piers, new joists and studs, new plumbing and electrical wiring, and new insulation in the living-quarters walls and ceilings. Interior improvements include living quarters, one full bathroom, and a loft that overlooks the open garage/shop area. The property also features new 6-inch concrete and an RV garage door.
Located at 8515 Cookeville Boatdock Rd in Baxter, Tennessee, the property is described as about 8 minutes from Cookeville Boat Dock on Center Hill Lake, with additional drive times to I-40 and the new Home Depot and Target.
The listing notes finish-to-suit flexibility and a range of possible configurations, with “no zoning” indicated for the property. Owner terms are described as possibly available.
Located at 8515 Cookeville Boatdock Rd in Baxter, Tennessee, the property is described as about 8 minutes from Cookeville Boat Dock on Center Hill Lake, with additional drive times to I-40 and the new Home Depot and Target.
The listing notes finish-to-suit flexibility and a range of possible configurations, with “no zoning” indicated for the property. Owner terms are described as possibly available.
Key Highlights
- 3,000+ SF new metal building rebuilt with new cement block piers, joists, studs, plumbing, electrical, insulation, and roof
- Includes living quarters with 1 full bathroom plus a loft open to the garage/shop area
- Garage/shop area features new 6‑inch concrete and an RV garage door
Local 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 | $69.1k | $23.04 |
| − Vacancy | −$2.1k | −$0.69 |
| EGI | $67.0k | $22.35 |
| − OpEx | −$20.1k | −$6.70 |
| NOI | $46.9k | $15.64 |
3,000 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$670.5K
$586.7K – $782.2K
NOI $46,932 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,671 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Renovated new metal building with living quarters, bathroom, loft, and an RV garage door on Cookeville Boatdock Rd.
Where is this live-work space located?
The property is located at 8515 Cookeville Boatdock Rd Baxter, TN.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: 3,000+ SF new metal building rebuilt with new cement block piers, joists, studs, plumbing, electrical, insulation, and roof; Includes living quarters with 1 full bathroom plus a loft open to the garage/shop area; Garage/shop area features new 6‑inch concrete and an RV garage door
