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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Manufacturing properties
1480 Gould Dr, Cookeville, TN 38506-4152
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-1303716
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
IDENTITY GROUP (Bike/Boat/Book/etc) Store Printing Service
-
Porelon, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.38M
Owner & transaction history
Store Master Funding Vii LLC · 11 yrs held
Store Master Funding Vii LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,180,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$62,854
Tax year 2022
Assessed value
$1,909,320
Assessed 2023
Previous assessed
$1,909,320
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$378,000
Assessed improvement
$1,531,320
Land market value
$945,000
Improvement market value
$3,828,300
Total market value
$4,773,300
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
4
Total area
81,900 SF
Lot
21.71 ac (945,688 SF)
APN
071065 10201
UPID
US80-1303716
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
4
Lot
21.71 ac
Current owner
From public records · entity-resolved
Store Master Funding Vii LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1480 GOULD DR, COOKEVILLE, TN 38506-4152
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2015
$4,458,776
Store Master Funding Vii LLC
Idg LLC
Grant Deed
related
—
Jan 8, 2015
—
Identity Group Holdings LLC
—
Grant Deed
related
$24,000,000 · Nxt Cap
Jan 18, 2008
—
Idg LLC
—
Deed Of Trust
related
$42,000,000 · Madison Capital Funding LLC
Jan 6, 2006
—
Idg LLC
Identity Group LLC
Quit Claim Deed
related
$23,322 · M & I Marshall & Isley Bank
May 6, 1994
$2,000,000
Porelon INC
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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