Commercial Real Estate Market in Algood, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
262 active listings and 1,977 off-market properties in Algood, TN. Commercial property asks $265/SF to buy and $16.11/SF/Yr to lease.
Market Trends
Algood, TN spans 87.1 square miles in Putnam County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Algood, TN asks $228/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Algood, TN asks $208/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Algood, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Algood, TN asks $215/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 59.4%
- Industrial 21.2%
- Commercial 9.7%
- Residential 9.7%
Largest Zones share of zoned land by district
Low Density Residential
Heavy Industrial
Light Industrial
General Commercial
Medium Density Residential
Low Density Residential (R-1)
SECTION 1 R-1 -- LOW DENSITY RESIDENTIAL A. GENERAL DESCRIPTION The purpose of the R-1 district is to provide a low density residential environment having good access to schools, public water, sewerage, and other community services, but well separated from heavy traffic and other incompatible activities. B. USES AND STRUCTURES 1. Permitted Uses and Structure…
Market overview
Demographics & Economy
Algood, TN has 41,141 residents in 19,158 households. Density runs 472 people per square mile. Median household income here is $50,923 and median gross rent $856 a month.
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cookeville | — | $16.11 |
| Baxter | — | — |
Commercial property in Algood, TN asks $265/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Algood?
Commercial property in Algood, TN asks an average of $265 per square foot. The 5 most recent recorded sales traded at a median of $217/SF, so asking sits 22% above the achieved median. Office carries the highest asking price at $228/SF.
How much does it cost to lease commercial space in Algood?
Asking lease rates in Algood, TN average $16.11 per square foot per year.
Where does Realmo's Algood market data come from?
Realmo compiles Algood, TN figures from 6 recent recorded sales, 252 active sale listings, 10 active lease listings, 1,977 tracked off-market properties, the current Algood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 252 active for-sale and 10 active for-lease listings in Algood, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,663 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
