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Property profile & analytics
OFF-MARKET Estimated value $1,005,000
Retail space

31 Broad St Cookeville, TN 38501-2573

4,800 SF 0.15 ac lot Built 1920
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-1422389
Property summary
AI-generated overview

This exceptional mixed-use property, located at 31 W Broad St in Cookeville, Tennessee, presents a unique investment opportunity. Boasting 4,500 square feet on a 0.16-acre lot, this building is ideally situated on the vibrant Historic West Side, commanding significant street presence with its prominent storefront. The interior features a captivating blend of exposed brick and hardwood flooring, creating a space rich in character and charm. The layout is versatile and well-suited for a variety of business applications. A spacious basement provides ample storage, complemented by two bathrooms and a fully equipped kitchen/break area. Surrounded by thriving businesses, this property offers immediate access to a bustling commercial environment. The asking price is $1,290,000. This building's combination of size, location, and unique aesthetic appeal makes it an attractive prospect for both business owners seeking a distinctive space and investors looking for a strong return. Its prime location and substantial square footage ensure lasting value and potential for significant growth. The property's character and established presence within the Cookeville community make it a truly exceptional offering.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,800 SF
Lot 0.15 ac (6,660 SF)
Zoning code BD
APN 071053G B 00900
UPID US80-1422389
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
  • Couture By Tess Bridal Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$1.16M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.01M
Owner & transaction history
Martin Franklin · 1 yrs held
Martin Franklin
since 2025
Last sale
$1.1M
4 recorded transactions
2025
$1.1M
2019
$520,000
2018
$300,000
2003
$300,000
Zoning & alternative use
BD · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $635,000 +13.2%
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