950 Humble Drive, Cookeville, TN 38501
Turnkey self-storage with climate-controlled units, RV/boat parking, and secure gated access near I-40.
- Added:
- May 28, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 2:23 am
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 agent Sherri Smith License #TN 316611
Listing office Rep Real Estate professionals of Tennessee (931) 510-3628
Listing date May 28, 2026
Source Crexi
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
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
- Modern business office with restroom and ample parking on‑site
- Commercial General zoning supports industrial and business uses
- 97% occupied consistently since purchase in 2018, with a highly automated self‑lease system for under 2 hours of weekly owner involvement
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cookeville
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.5239136
- Latitude
- 36.1426582
