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Financial
Distress signals
Property profile

404 N Willow Ave Cookeville, TN 38501

FOR SALE
Medical Office Space
Property ID
US80-0717201
5,160 SF 0.22 ac lot Built 2017
Last sale Feb 2023 · $1,320,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years.
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Property summary

AI-generated overview

Constructed in 2017 and reconfigured in 2023, this 7,740-square-foot mixed-use complex includes retail and office space on the first two levels and a fully furnished apartment on the third floor. Elevator access with security-coded entry serves each level, and the building’s layout is configured to allow selective occupancy of portions while other areas can be leased. The property is located at the intersection of North Willow Avenue and West 4th Street, within about 500 feet of the Cookeville…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value · 2023$411k
Assessed land$54k
Assessed improvement$357k
Effective rate1.63%

Value estimate

· Oct 2026
$1.11M
$999k – $1.22M
AI approach$1.24M
CAP approach$920k
NOI build-up
Gross scheduled income$178k
Vacancy & credit loss−$5k
Operating expenses−$52k
NOI · 6.92% cap applied$121k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.92%
$121k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionPUTNAM

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.2
Storage Facility11.3
HVAC Service10.0

Location

404 N Willow Ave Cookeville, TN 38501
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
233 Peachtree, Cookeville, TN 38501-2548 $165,000 May 2024 4,104 SF
1445 10th, Cookeville, TN 38501-2017 $12,545 Jun 2023 6,936 SF
317 Hickory, Cookeville, TN 38501-2428 $700,000 Dec 2021 8,851 SF
510 Jefferson, Cookeville, TN 38501-4010 $1,250,000 Nov 2021 5,556 SF
135 3rd, Cookeville, TN 38501-2478 $265,000 Nov 2020 2,652 SF
320 Oak, Cookeville, TN 38501-2440 $1,150,000 Dec 2019 6,538 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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