Property profile

1480 Gould Dr Cookeville, TN 38506

FOR LEASE
Manufacturing properties
Property ID
US80-1303716
81,900 SF 21.71 ac lot Built 1974
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 100,000-square-foot industrial/manufacturing space is available for lease in Cookeville, TN. Ideally situated for convenient access to Interstate 40 and Highway 111, this property offers a substantial footprint of 157 feet deep and 160 feet wide. The warehouse boasts impressive ceiling heights, ranging from 28 feet at the south wall to 29.5 feet at the center. The building's electrical infrastructure is robust, featuring a 480-volt 3-phase 250-amp panel, along with additional 220-volt and 480-volt 3-phase 125-amp panels, ensuring ample power for diverse industrial operations. Built in 1974, this multi-tenant property totals 151,000 square feet and is zoned LM (Putnam County). Additional features include six loading docks, a climate-controlled common area with a large breakroom/cafeteria, and proximity (less than one mile) to I-40. This is a rare opportunity to secure a premium industrial space in a highly desirable location. The property offers significant potential for a variety of manufacturing and warehousing uses. A virtual tour is available.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 81,900 SF
Lot 21.71 ac (945,688 SF)
APN 071065 10201
UPID US80-1303716

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Printing Service
  • Industrial Manufacturer Production Facility

Location

1480 Gould Dr Cookeville, TN 38506
Cookeville metro Census 1201 COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$980k

Owner & transaction history

since 2015
5 recorded transactions
2015
$4.5M
2015
Price N/A
2008
Price N/A
2006
Price N/A
1994
$2.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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