616 Thompson Crk Ln Cookeville, TN 38506
This exceptional 1.13-acre commercial land parcel is situated at 616 Thompson Creek Ln, Cookeville, TN 38506, in Putnam County. Priced at $35,000, this property offers a unique opportunity for new development. Located minutes from Cookeville city limits, Highway 111, and Interstate 40, it enjoys convenient access to major transportation routes. The land boasts a tranquil country setting, ideal for building a new home or commercial structure. While utilities are not currently installed, they are readily available at the roadside. The development has specific architectural guidelines: all dwellings must have at least 75% brick or stone facing. Garage entrances must face the side or rear of the home, unless a variance is granted by the developer. The property's proximity to Tennessee Technological University, Cumming Falls State Park, Burgess Falls State Park, and Chestnut Hill Winery adds to its appeal. Low taxes further enhance the investment potential. This is a remarkable opportunity to build in a desirable location with convenient access to amenities and attractions.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.