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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Retail properties & Spaces
377 Jackson St Cookeville, TN 38501-5930
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-2314173
Property summary
AI-generated overview
This exceptional retail property, located at 377 West Jackson Street in Cookeville, Tennessee, offers a unique opportunity for businesses seeking flexible space options in a thriving market. The property boasts a total of 343,634 square feet of commercial space, with multiple tenancies available. Individual spaces range from a minimum of 6,000 square feet to a maximum contiguous space of 818 square feet, providing versatility for various business needs. Currently, 6,818 square feet of space is vacant and ready for immediate occupancy. The building is situated in Putnam County, offering convenient access to local amenities and a strong customer base. Ample parking is provided with 1859 spaces available for tenants and their customers. This prime location in Cookeville, Tennessee (zip code 38501) presents a compelling opportunity for businesses seeking high visibility and convenient access for their clientele. The property's size and layout make it ideal for a variety of retail uses, offering a chance to establish a strong presence in a growing community. The available space is ready for immediate lease.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,284 SF
Lot
9.17 ac (399,445 SF)
Zoning code
R4
APN
071053I E 03900
UPID
US80-2314173
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
-
T.J. Maxx (Bike/Boat/Book/etc) Store
-
rue21 Clothing Store Fashion Accessories Store
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
20 Degrees Frozen Yogurt Lounge Cafe & Coffee Shop Take-out & Catering
-
Millennium Tanning Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$5.35M
Owner & transaction history
Jackson Plaza LLC · 4 yrs held
Jackson Plaza LLC
since 2021
Last sale
$1,825
3 recorded transactions
Zoning & alternative use
R4 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+13.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,535,000
Current use
COMMERCIAL (GENERAL)
$4,000,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±10% · vs last sale $2k (Dec 3 2024)
Last sale anchor
$2k
Dec 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
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
$77,984
Tax year 2022
Assessed value
$2,368,880
Assessed 2023
Previous assessed
$2,368,880
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$639,120
Assessed improvement
$1,729,760
Land market value
$1,597,800
Improvement market value
$4,324,400
Total market value
$5,922,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
1
Bathrooms
11
Total area
30,284 SF
Lot
9.17 ac (399,445 SF)
Zoning code
R4
APN
071053I E 03900
UPID
US80-2314173
Jurisdiction
PUTNAM
Zoning & alternative use
R4 · Cookeville, TN
Zoning R4 · permitted uses
R4 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
11
Lot
9.17 ac
Current owner
From public records · entity-resolved
Jackson Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1975 HEMPSTEAD TPKE STE #309, EAST MEADOW, NY 11554-1703
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
$39,000,000
Jackson Plaza LLC
Rp Jackson Plaza LLC
Special Warranty Deed
—
Aug 14, 2007
—
Cookeville Retail Holdings LLC
Cooper Realty Investments INC
Quit Claim Deed
related
—
Aug 14, 2007
$29,394,000
Cookeville Retail Holdings LLC
Cooper Realty Investments INC
Trustees Deed
related
$24,380,000 · Wells Fargo Bank
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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