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Property profile & analytics
OFF-MARKET
Medical Office Space

221 Oak Ave Cookeville, TN 38501-2437

6,351 SF 0.38 ac lot Built 1974
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US80-0902771
Property summary
AI-generated overview

This exceptional medical office building, located at 221 N. Oak Ave in Cookeville, Tennessee, presents a unique investment opportunity. The property, built in 1974 and zoned CM, boasts a total of 6,351 square feet, with 4,900 square feet currently available for lease. The building is configured to suit a variety of medical practices, featuring eight examination rooms, two patient restrooms, a dedicated phlebotomy area, an X-ray room, and four physician's offices. The multiple tenancy structure allows for flexibility and potential for growth. Situated in Cookeville, TN, zip code 38501, this property offers convenient access to a thriving community. The ample square footage and well-designed layout provide an ideal setting for a medical practice seeking expansion or a new establishment looking for a turnkey solution. The existing infrastructure is ready for immediate occupancy, minimizing upfront investment and allowing for a quick start to operations. This is a rare opportunity to acquire a well-positioned medical office building in a desirable location. The property's size and layout offer significant potential for a variety of medical uses, making it an attractive option for both established and emerging medical professionals. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1974
Total area 6,351 SF
Lot 0.38 ac (16,472 SF)
Zoning code CM
APN 071053B K 00600
UPID US80-0902771
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
  • Dr. Richard I. Williams, MD Physician
  • Kristine S. Germann, PA Physician
  • Rajiv Sinanan Physician Medical Clinic
  • Quality Private Duty Care Home Health Care Service
  • Dr. Virin Ramoutar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pardeep Sharma · 13 yrs held
Pardeep Sharma
since 2012
6 recorded transactions
2012
$525,000
1997
$400,000
1992
$101,965
1991
$46,583
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CM · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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