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Property profile & analytics
OFF-MARKET Estimated value $585,000
Retail space

721 Dixie Ave Cookeville, TN 38501-2635

4,834 SF 0.22 ac lot Built 1930
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-3469570
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 4,834 SF
Lot 0.22 ac (9,800 SF)
Zoning code UNV
APN 071040N H 01000
UPID US80-3469570
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
  • The Food Spot Restaurant
  • THE VINE'S CAFE Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$465k
Blend (final) Blend
$585k
Owner & transaction history
Pauline E Lewinson · 2 yrs held
Pauline E Lewinson
since 2024
Last sale
$595,000
7 recorded transactions
2024
Price N/A
2023
$578,000
2021
Price N/A
2021
$575,000
2018
$345,000
2013
Price N/A
2007
Price N/A
Zoning & alternative use
UNV · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

226 - (UNV) University 227 - (CI) Commercial Industrial Mixed Use 228 - (LM) Light Manufacturing 229 - (HM) Heavy Manufacturing 230 - (FL) Floodplain 231 - (SRA) Sinkhole Retention Area 232 - (HS) Historic 232A - (RAO) Redevelopment Area Overlay 233 - Administration and Enforcement 234 - Chart of Permitted Land Uses By Zoning District 235 - Zoning Illustrati…

Zone name University
General category CIVIC_INSTITUTIONAL
Zone area 293.24 ac
Source Supplemental Regulations
Top alternative use upside
Commercial (general) $640,000 +13.2%
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