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Building Details

Year Built 2026

Listing Agency: The Realty Firm

Listed By: Mitch W. Copeland 9312676827 · License #335971 Show Phone

Source: Searchtnhomesforsale

Added: Aug 4 Changed: Oct 1 Last Checked: Oct 14 at 11:12PM

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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 The Realty Firm

Investment Insights

Based on property information with market context.

This individually owned storage unit measures 1,000 square feet and is designed for flexible personal and commercial use. The space can accommodate boat storage, RV storage, personal belongings, tools, equipment, or workshop activities, allowing an owner to use the unit according to changing needs.

A shared commons area adds practical amenities, including a bathroom, kitchenette, and Wi-Fi. The property is located minutes from the lake, with convenient access to Cookeville and surrounding areas. Its configuration is suited to owners seeking dedicated storage or a private work area without relying on traditional rented storage.

Key Highlights

• 1,000‑square‑foot individually owned storage unit
• Suitable for boat, RV, personal storage, or workshop use
• Commons area includes a bathroom, kitchenette, and Wi‑Fi

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,875

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$137,500 $137.5K

Cap Rate 7%

$98,214 $98.2K

Cap Rate 9%

$76,389 $76.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$10.6K $13.20/SF

− Vacancy

−$739 −$0.92/SF

EGI

$9.8K $12.28/SF

− OpEx

−$2.9K −$3.68/SF

NOI

$6.9K $8.59/SF

Area

Putnam County, TN

Vacancy

7.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$137,500

Cap Rate 7%

$98,214

Cap Rate 9%

$76,389

Alternative Uses

Best Use

Self Storage

$98.2K

$85.9K – $114.6K (±1% cap)

NOI $6,875 @ 7.0% cap · market cap 4.61%

Second Best

Warehouse

$91.1K

$79.7K – $106.3K (±1% cap)

NOI $6,377 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$330.2K

$288.9K – $385.2K (±1% cap)

NOI $23,112 @ 7.0% cap · market cap 15.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Auto Repair Shop Restaurant Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 38582, TN

1,438

Population

834

Households

1.7

Avg Household Size

52

Median Age

28%

College-Educated

87%

High-School Grad

46.1 sq mi

ZIP Area

31

Density / Sq Mi

$68,889

Median Household Income

$37,985

Median Earnings

$612

Median Rent

$242,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Individually owned space supports boat, RV, personal storage, and workshop needs near the lake.

Where is this self storage facility located?

The property is located at 9888 Roberts Rd Silver Point, TN.

What is the asking price?

The asking price for this property is $149,000.

What are key features of this property?

This property features: 1,000‑square‑foot individually owned storage unit; Suitable for boat, RV, personal storage, or workshop use; Commons area includes a bathroom, kitchenette, and Wi‑Fi