230 Wall St Cookeville, TN 38506-5249
Property profile & analytics
230 Wall St, Cookeville, TN 38506-5249
- Manufacturing properties
- 24,694 SF
- 2.67 lot acres
Property ID
US80-1295244
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Prime Foundations Cookeville / Hardware & Home Improvement / Construction Company
- Wood-Tech Inc / Professional Services
Property Details for 230 Wall St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 2.67 lot acres
- Property type
- Manufacturing properties
- APN
- 071026N J 00500
- APU
- 071026NJ00500
Description
This exceptional 32,500-square-foot manufacturing facility in Cookeville, Tennessee, presents a compelling net lease investment opportunity. Located on a 3.29-acre lot at 230 E Wall St, this property boasts a strong 7.41% cap rate and is currently under a NN+ lease with Transfer Flow, a tenant with a proven track record. The lease has 4.4 years remaining, featuring 2% annual rent increases and two 3-year renewal options. Built in 1950 and extensively renovated in 2022, the building is in excellent condition and features four grade-level doors and one dock door, ensuring efficient operations. The property benefits from a highly desirable location near Highway 111, providing easy access to both Nashville and Knoxville. Putnam County's industrial vacancy rate is exceptionally low, approximately 1.5%, indicating robust demand. The surrounding area shows strong demographics, with projected population growth and over $456.9 million in consumer spending within a 5-mile radius. The landlord is responsible for roof, HVAC, and structural maintenance, minimizing operational responsibilities. The asking price is $2,350,000, translating to $76.46 per square foot. This is a rare opportunity to acquire a high-quality, passively managed industrial asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,315,000
- ML approach
- $1,375,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,400,000
- RETAIL STORES
- $2,220,000
- MEDICAL BUILDING
- $2,180,000
- AUTO REPAIR, GARAGE
- $2,180,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cookeville
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.4428
- Latitude
- 36.1954
- CBSA code
- 18260
- CBSA name
- COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,860
$30,000
$287,920
$317,920
-
$75,000
$719,800
$794,800
