Entity Owned 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
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Clothing Store Fashion Accessories Store
-
(Bike/Boat/Book/etc) Store
-
Cafe & Coffee Shop Take-out & Catering
-
Tanning Salon
Location
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
since 2021
Last sale
$1,825
3 recorded transactions
Zoning & alternative use
R4 · Cookeville, TN
Top alternative use upside
Commercial (general)
$4.0M
+13.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.35M
Value range
$4.81M – $5.88M
±10% around blend
Estimated value / SF
$176 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$4.81M
blend $5.35M
$5.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
30,284 SF
Lot area
9.17 ac
Year built
2004
Stories
1
APN
071053I E 03900
Zoning
R4
Assessed value
$2,368,880
Annual tax
$77,984
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.79M
Range $1.69M – $5.79M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$117
+51%
Submarket 77 sales
$120
+47%
County 102 sales
$115
+54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $176/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+13%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2k
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$115
$2k
$2k
$1k
$128
$3k
$2k
$1k
$141
$3k
$2k
$2k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, TNZoning R4 · permitted uses
R4 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4
Jurisdiction
Cookeville, TN
Recorded code
R4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4 in Cookeville, TN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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