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Property profile & analytics
FOR SALE
Office Spaces

1843 Foreman Dr Cookeville, TN 38501

28,346 SF 2.11 ac lot Built 2008
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1012534
Property summary
AI-generated overview

Freedom Plaza offers a remarkable opportunity to lease 5,806 square feet of Class A medical office space in Putnam County. Located at a prominent address with convenient access via S. Willow Ave, this single-tenant space is situated within a larger multi-tenant building totaling 26,000 square feet. The building, constructed in 2008 and boasting a modern design, features two stories with a generous 10-foot ceiling height. This particular space is conveniently located on the first floor and benefits from its own separately metered utilities. Built out in 2016, the space is currently configured as a medical facility and is readily adaptable to various medical practices. Ample parking is provided with 100 spaces available for tenants and visitors. The property is zoned CG, offering flexibility for a variety of uses within the medical field. The space is divisible, offering potential for smaller tenants, and a minimum five-year lease term is preferred. This exceptional location and modern amenities make this an ideal space for medical professionals seeking a high-quality, well-maintained office environment. Don't miss this chance to secure a prime medical office space in a thriving Putnam County location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2008
Construction FRAME
Total area 28,346 SF
Lot 2.11 ac (91,912 SF)
Zoning code C3
APN 071065 05703
UPID US80-1012534
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
  • DaVita Interstate Drive Dialysis Medical Clinic
  • XI Properties Property Management Company
  • Action Marketing Events Advertising Agency Marketing & Advertising
  • Evergreen Homebuilder General Contractor
  • Jackson Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.42M
Comparable Approach Comparable
$6.17M
Blend (final) Blend
$5.12M
Owner & transaction history
South Willow Properties Gp · 2 yrs held
South Willow Properties Gp
since 2024
5 recorded transactions
2024
Price N/A
2022
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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