Gated Self-Storage
950 Humble Drive Cookeville, TN 38501
950 Humble Drive, Cookeville, TN, 38501
Contact for pricing
For Sale
Contact for pricing
Turnkey self-storage with climate-controlled units, RV/boat parking, and secure gated access near I-40.
Property Size11,700 SF
Lot Size1.50 Acres
Price / SF$115.38
Days on Market56
Property Features for 950 Humble Drive
General Information
- Standard status
- Active
- Size
- 11,700 SF
- Lot size
- 1.50 Acres
- Property subtype
- Self Storage, Business for Sale
Building Details
- Year Built
- 2018
Listing agency
Rep Real Estate professionals of Tennessee
(931) 510-3628
Listed by
Sherri Smith · License #TN 316611
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rep Real Estate professionals of Tennessee
Investment Insights
Based on property information with market context.
This turnkey self-storage facility offers a total of 85 units, including a mix of climate-controlled and outdoor storage options, along with dedicated RV/boat parking spaces. The property includes a modern on-site office with a restroom and ample parking, designed for day-to-day operations. The site is fully gated with secure cameras and access control, supported by bright exterior security lighting and asphalt drives for straightforward vehicle access. Overall condition is described as clean, well-maintained, and professionally managed.
The facility is located within about 1/2 mile of I-40 in Cookeville, Tennessee, and is approximately one hour from Nashville. The property is also described as being close to a new Target and Home Depot. Public remarks note heavy daily traffic from the I-40 corridor. The property is identified as operating under Commercial General zoning that allows industrial and business uses.
For buyers seeking an established self-storage business, the offering is positioned around turnkey operations and strong historical occupancy, with remarks citing 97% occupancy since the owner purchased the property in 2018. Income is stated as $84,000 in annual revenue, and the self-lease system is described as highly automated to limit owner involvement to less than two hours per week. This combination of secure operations, unit mix, and location-driven demand may appeal to investors looking for a managed, income-producing storage platform.
The facility is located within about 1/2 mile of I-40 in Cookeville, Tennessee, and is approximately one hour from Nashville. The property is also described as being close to a new Target and Home Depot. Public remarks note heavy daily traffic from the I-40 corridor. The property is identified as operating under Commercial General zoning that allows industrial and business uses.
For buyers seeking an established self-storage business, the offering is positioned around turnkey operations and strong historical occupancy, with remarks citing 97% occupancy since the owner purchased the property in 2018. Income is stated as $84,000 in annual revenue, and the self-lease system is described as highly automated to limit owner involvement to less than two hours per week. This combination of secure operations, unit mix, and location-driven demand may appeal to investors looking for a managed, income-producing storage platform.
Key Highlights
- 72‑unit self‑storage facility on 1.5 acres in Cookeville, TN, with $84,000 in annual income
- Unit mix includes climate‑controlled and outdoor storage, plus dedicated RV/boat parking spaces
- Completely gated facility with secure cameras and access control, with bright security lighting
Local Financial Insights For Self Storage
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 | $154.4k | $13.20 |
| − Vacancy | −$10.8k | −$0.92 |
| EGI | $143.6k | $12.28 |
| − OpEx | −$43.1k | −$3.68 |
| NOI | $100.5k | $8.59 |
11,700 SF · lease $13.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.44M
$1.26M – $1.68M
NOI $100,540 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$1.10M
$960.1K – $1.28M
NOI $76,809 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$4.83M
$4.23M – $5.63M
NOI $338,016 @ 7.0% cap · market cap 25.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Choice Storage
Storage Facility
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FAQs
What type of property is this?
Self storage facility - Turnkey self-storage with climate-controlled units, RV/boat parking, and secure gated access near I-40.
Where is this self storage facility located?
The property is located at 950 Humble Drive Cookeville, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 72‑unit self‑storage facility on 1.5 acres in Cookeville, TN, with $84,000 in annual income; Unit mix includes climate‑controlled and outdoor storage, plus dedicated RV/boat parking spaces; Completely gated facility with secure cameras and access control, with bright security lighting
