553 County Farm Rd Cookeville, TN 38501
For Sale
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This exceptional 22.61-acre farm in Putnam County, Tennessee, presents a unique investment and development opportunity. Located just five minutes from Cookeville and Tennessee Technological University, this property enjoys both seclusion and convenient access to amenities. The asking price is $650,000. The land itself is ready for development, offering significant potential for various uses. Adding to its appeal, the property currently includes two homes, which are partially renovated. While the seller has ceased renovations, substantial progress has already been made, with the majority of plumbing, electrical, and insulation work completed. This provides a solid foundation for a buyer to finish the homes or pursue alternative development plans. The property's address is 553 County Farm Rd, Cookeville, TN 38501. Its proximity to Tennessee Tech University makes it an attractive location for student housing or related ventures. The existing homes could be completed and rented, or repurposed to suit a new development vision. This versatile property offers a compelling combination of land, existing structures, and a highly desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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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.