Renovated Flex Building with Living
New
For Sale
$469,000
8515 Cookeville Boatdock Rd, Baxter, TN 38544
COMMERCIAL - Baxter, TN
Property Size3,000 SF
Lot Size0.21 Acres
Price / SF$156.33
Days on Market1
Property Features for 8515 Cookeville Boatdock Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced
Directions
From Putnam Co Courthouse: take S Lowe Ave. In 0.5 mi turn R onto E Jackson. In 0.8 mi turn L onto S Willow. In 11 mi turn R onto Baxter Rd. Property is on L in 150 ft.
Subdivision
Putnam Co SW, TN
Standard status
Active
APN
112 066.02
Size
3,000 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
323
Utilities
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Building materials
Frame, Metal Siding
Roof type
Metal
Listing Agency:
The Realty Firm
(931) 520-7750
Listed By:
Christy Ehlert-Wagner
(931) 979-1977
Added: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 245897
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 flex property in Baxter includes approximately 3,000 square feet within a rebuilt metal building. The improvements include new cement block piers, joists, studs, plumbing, electrical wiring, and insulation in the walls and ceilings serving the living quarters. The interior provides residential space, a full bathroom, and a loft that overlooks the garage and shop area. A six-inch concrete floor and RV garage door support the shop configuration.
The property covers 0.207 acres at 8515 Cookeville Boatdock Rd and includes paved or surfaced parking, public water, metal siding, and a metal roof. Cookeville Boat Dock on Center Hill Lake is approximately 8 minutes away, while I-40, Home Depot, and Target are stated to be 10–12 minutes from the property. The layout is identified as suitable for a quick-stop market, lake store, bait shop, live-work arrangement, or full-time residence, subject to applicable requirements.
The property covers 0.207 acres at 8515 Cookeville Boatdock Rd and includes paved or surfaced parking, public water, metal siding, and a metal roof. Cookeville Boat Dock on Center Hill Lake is approximately 8 minutes away, while I-40, Home Depot, and Target are stated to be 10–12 minutes from the property. The layout is identified as suitable for a quick-stop market, lake store, bait shop, live-work arrangement, or full-time residence, subject to applicable requirements.
Key Highlights
- Approximately 3,000 SF rebuilt flex building with living quarters
- New plumbing and fully rewired electrical system
- Loft overlooks the garage and shop area
Financial Insights For Office B
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 | −$13.8k | −$4.61 |
| EGI | $55.3k | $18.43 |
| − OpEx | −$13.8k | −$4.61 |
| NOI | $41.5k | $13.82 |
3,000 SF · lease $23.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$670.5K
$586.7K – $782.2K
NOI $46,932 @ 7.0% cap · market cap 10.01%
Second Best
Office B
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,671 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38544, TN
7,435
Population
3,327
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
79.2 sq mi
ZIP Area
94
Density / Sq Mi
$66,801
Median Household Income
$42,188
Median Earnings
$904
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Reworked interior combines residential space with an open shop area and finish-to-suit flexibility.
Where is this flex 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 $469,000.
What are key features of this property?
This property features: Approximately 3,000 SF rebuilt flex building with living quarters; New plumbing and fully rewired electrical system; Loft overlooks the garage and shop area
