Private Storage Unit with Workshop
New
For Sale
$169,000
9888 Roberts Road, Silver Point, TN 38582
Commercial Sale, Silver Point, TN
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$169
Days on Market4
Property Features for 9888 Roberts Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking features
Assigned
Security features
Security System
Directions
Leave the courthouse heading east on E. Spring Street. Take TN-111 / Interstate 40-area routes toward Baxter. Continue toward Baxter and follow local roads to Roberts Road. Follow Roberts Road to 9888 Roberts Road.
Subdivision
Putnam Co SW, TN
Standard status
Active
APN
104.00
Size
1,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
791
Amenities
commons area
bathroom
kitchenette
Wi-Fi
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Building materials
Steel Siding, Metal Siding
Roof type
Metal
Listing Agency:
The Realty Firm
(931) 520-7750
Listed By:
Mitch Copeland · License #335971
(931) 267-6827
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 7:06AM
MLS# 246576
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 individual self-storage unit offers 1,000 square feet for boat storage, RV storage, personal belongings, or workshop use. The property is under construction, with steel or metal siding and a metal roof planned for the building. Assigned parking is included.
Ownership also provides access to a shared commons area equipped with a bathroom, kitchenette, and Wi-Fi. The property at 9888 Roberts Road in Silver Point, Tennessee, is located minutes from the lake and offers access to Cookeville and surrounding areas. Construction is scheduled for 2026.
Ownership also provides access to a shared commons area equipped with a bathroom, kitchenette, and Wi-Fi. The property at 9888 Roberts Road in Silver Point, Tennessee, is located minutes from the lake and offers access to Cookeville and surrounding areas. Construction is scheduled for 2026.
Key Highlights
- 1,000‑square‑foot individual storage unit
- Suitable for boat, RV, personal storage, or workshop use
- Shared commons area with 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 - Under-construction ownership unit includes shared amenities and assigned parking.
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 individual storage unit; Suitable for boat, RV, personal storage, or workshop use; Shared commons area with bathroom, kitchenette, and Wi‑Fi
