Commercial Real Estate Market in Baxter, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
55 active listings and 146 off-market properties in Baxter, TN. Commercial property asks $1,223/SF to buy and $8.78/SF/Yr to lease.
Market Trends
Baxter, TN spans 79.2 square miles in Putnam County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Baxter, TN asks $264/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 Baxter, TN asks $162/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 Baxter, 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 Baxter, TN asks $229/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 72.1%
- Commercial 22.7%
- Industrial 4.8%
- Residential 0.4%
Largest Zones share of zoned land by district
Low Density Residential District
General Commercial District
Light Industrial District
High Density Residential District
Residential Medium Density
Low Density Residential District (R-1)
R-1, LOW DENSITY RESIDENTIAL DISTRICT 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 and sewer, and other community services, but well separated from other incompatible uses and activities. Within the R-1 Low Density Residential District, as shown on the O…
Market overview
Demographics & Economy
Baxter, TN has 7,435 residents in 3,327 households. Density runs 94 people per square mile. Median household income here is $66,801 and median gross rent $904 a month.
7,435
Population
3,327
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
79.2 sq mi
ZIP Area
94
Density / Sq Mi
$66,801
Median Household Income
$42,188
Median Earnings
$904
Median Rent
$222,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bloomington Springs | — | — |
| Silver Point | — | — |
| Cookeville | — | — |
| Buffalo Valley | — | — |
Commercial property in Baxter, TN asks $1,223/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Baxter?
Commercial property in Baxter, TN asks an average of $1,223 per square foot. The 7 most recent recorded sales traded at a median of $115/SF, so asking sits 964% above the achieved median. Office carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Baxter?
Asking lease rates in Baxter, TN average $8.78 per square foot per year.
Where does Realmo's Baxter market data come from?
Realmo compiles Baxter, TN figures from 7 recent recorded sales, 54 active sale listings, 1 active lease listings, 146 tracked off-market properties, the current Baxter zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 1 active for-lease listings in Baxter, 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: 2,070 zoned acres across 6 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 31 August 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 31 August 2026 · report a data issue
