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Property profile & analytics
FOR SALE
Commercial real estate
2330 W Broad St Cookeville, TN 38501
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1155831
For Sale
1 / 28
$549,900
2330 W Broad St, Cookeville, TN 38501
View Listing →
Property summary
AI-generated overview
This 2,400 square foot warehouse, built in 2021, is situated on a 0.69-acre lot in Cookeville, Tennessee, with over 140 feet of highway frontage on Hwy 70. The single-story, all-metal building features 2,300 square feet of workspace and two bathrooms, all on a poured concrete foundation. Designed for efficient inventory storage and customer access, the property offers ample space for expansion. The building is minimally maintained and boasts 220V electrical service
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Total area
1,264 SF
Lot
0.69 ac (30,056 SF)
APN
071039 21800
UPID
US80-1155831
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
-
The Tire Shop (Bike/Boat/Book/etc) Store Auto Parts Store
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
John Greg Thurman · 4 yrs held
John Greg Thurman
since 2021
Last sale
$200,000
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,860
Tax year 2022
Assessed value
$60,320
Assessed 2023
Previous assessed
$75,240
-19.8% YoY
Effective rate
3.08%
On assessed value
Assessed land
$12,040
Assessed improvement
$48,280
Land market value
$30,100
Improvement market value
$120,700
Total market value
$150,800
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
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1963
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
1,264 SF
Lot
0.69 ac (30,056 SF)
APN
071039 21800
UPID
US80-1155831
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
Building & site characteristics
From public records
Year built
1963
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
John Greg Thurman
Individual
Mailing address
4920 NEW WINDOW CLF RD, BAXTER, TN 38544-5355
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
$200,000
John Greg Thurman
Wendy Flanigan
Warranty Deed
$200,000 · Putnam 1st Mercantile Bank
Jan 29, 2021
—
Wendy Flanigan
—
Deed
related
$60,000 · Peoples Bank & Trust Co Of Pickett Co
Aug 28, 2020
$31,900
Wendy Flanigan
Lonnie M Webb
Warranty Deed
—
Aug 28, 2020
—
Wendy Flanigan
Wendy Flanigan
Quit Claim Deed
related
—
Dec 6, 2013
$70,000
Lonnie M Webb
Smith,billy G
Warranty Deed
$68,732 · Regions Mortgage INC
Aug 11, 2010
$70,000
Ronnie L West
Smith,billy G
Quit Claim Deed
related
—
Jun 2, 1999
$57,074
Billy G Smith
Dyer,rita J
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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