5300 Luke Ln Cookeville, TN 38506
This exceptional 0.39-acre commercial land parcel is situated at 5300 Luke Ln, Cookeville, TN 38506, offering a unique opportunity for development. Located in Putnam County, this property boasts a quiet country setting while enjoying convenient proximity to Cookeville city limits, Highway 111, and Interstate 40. The land is ideal for new construction, presenting beautiful building lots ready for your vision. While utilities are not currently installed, they are readily available at the roadside. The property is part of a planned development with specific architectural guidelines in place. All dwellings must incorporate at least 75% brick or stone, and garage entrances must typically face the side or rear of the home, subject to developer approval on all plans. This location offers easy access to the amenities of Cookeville, including Tennessee Technological University, and the natural beauty of the Cumberland Plateau, with nearby attractions such as Cummings Falls State Park, Burgess Falls State Park, and Chestnut Hill Winery. Low taxes further enhance the appeal of this attractive investment opportunity. The asking price for this exceptional property is $36,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.