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Property profile & analytics
FOR SALE
Land

553 County Farm Rd Cookeville, TN 38501

22.61 ac lot
Property ID
US80-0950470
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 22.61 ac (984,892 SF)
UPID US80-0950470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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