Private Storage Unit with Workshop
For Sale
$169,000
9888 Roberts Road, Silver Point, TN 38582
Individually owned space supports boat, RV, personal storage, and workshop needs near the lake.
Property Size1,000 SF
Price / SF$169
Days on Market13
Property Features for 9888 Roberts Road
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$790
Amenities
bathroom
kitchenette
Wi-Fi
Listing Agency:
The Realty Firm
(931) 267-6827
Listed By:
Mitch Copeland · License #335971
(931) 267-6827
Source:
Exprealty
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 8:54PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$171,860
$171.9K
Cap Rate 7%
$122,757
$122.8K
Cap Rate 9%
$95,478
$95.5K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$13.2K $13.20/SF
− Vacancy
−$924 −$0.92/SF
EGI
$12.3K $12.28/SF
− OpEx
−$3.7K −$3.68/SF
NOI
$8.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$171,860
Cap Rate 7%
$122,757
Cap Rate 9%
$95,478
Alternative Uses
Best Use
Self Storage
$122.8K
$107.4K – $143.2K
NOI $8,593 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$113.9K
$99.7K – $132.9K
NOI $7,972 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$412.7K
$361.1K – $481.5K
NOI $28,890 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 Road Silver Point, TN.
What is the asking price?
The asking price for this property is $169,000.
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
