Cookeville, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cookeville, Tennessee Market population: 31K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Cookeville TN Properties: 0.6600%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Cookeville TN
Common questions from investors exploring commercial real estate in Cookeville TN.
What is the overall investment potential of Cookeville, TN, considering its demographic and economic factors?
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Cookeville's median household income of $28,314, combined with a poverty rate of 26.9% and a health insurance coverage of 86.9%, suggests a working-class market with some employment stability, making it a potential location for affordable housing investments. The city's top industries, including Wholesale Trade and Finance & Insurance, also indicate a diverse economy. Additionally, the average commute time of 19.5 minutes and top commute methods, such as driving alone and working from home, suggest a relatively convenient and flexible transportation system.
How does the ethnic diversity and industry mix in Cookeville impact the demand for rental properties?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a culturally rich and potentially vibrant rental market. The top industries, including Wholesale Trade, Finance & Insurance, and Information, also attract a diverse range of workers, from sales and office professionals to food service workers, creating a steady demand for rental properties. Furthermore, the foreign-born rate of 4.2% and the presence of various ancestries, such as American, English, and Irish, add to the city's cultural diversity and potential for a strong rental market.
What are the implications of Cookeville's poverty rate and health insurance coverage for real estate investors?
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The poverty rate of 26.9% in Cookeville, although relatively high, is somewhat mitigated by the health insurance coverage of 86.9%, which suggests that many residents have access to employment and healthcare benefits. This combination of factors may indicate a working-class market with some stability, making it a potential location for affordable housing investments. Additionally, the GINI coefficient of 0.588, which measures income inequality, suggests that there is a range of income levels in the city, potentially supporting a diverse rental market.
How do the commute times and transportation methods in Cookeville affect the quality of life for residents and the attractiveness of the city to investors?
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The average commute time of 19.5 minutes in Cookeville is relatively short, and the top commute methods, such as driving alone and working from home, suggest a convenient and flexible transportation system. This, combined with the city's median property value of $158,600 and median property taxes of $5,263, makes Cookeville an attractive location for residents and investors alike. The relatively low commute time and diverse transportation options also contribute to a higher quality of life, which can support a strong and stable rental market.
What are the potential risks and opportunities for real estate investors in Cookeville, considering the city's economic and demographic factors?
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The potential risks for real estate investors in Cookeville include the relatively high poverty rate and income inequality, which may impact the stability of the rental market. However, the city's diverse economy, cultural richness, and relatively low commute times also present opportunities for investors to capitalize on the demand for affordable housing and rental properties. Additionally, the health insurance coverage and employment rates suggest a working-class market with some stability, making Cookeville a potential location for investors seeking to balance risk and return.
Cookeville TN Real Estate & City Facts
Key facts and real estate information about Cookeville TN.
What are some of the best neighborhoods to live in Cookeville?
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Some of the best neighborhoods to live in Cookeville include White Plains, which is situated on the rolling hills of a golf course and features beautiful homes. Other great neighborhoods in Cookeville include the Upper Cumberland area, which is known for its hospitality and small-town charm. Additionally, neighborhoods like those found in the heart of Cookeville offer a mix of older and newer homes, as well as richer and poorer versions of each.
What are some fun things to do in Cookeville?
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Cookeville has a variety of fun things to do, including visiting the many restaurants and shops in the downtown area. Unfortunately, I was unable to find more information about specific attractions or activities in the city.
What is the food scene like in Cookeville?
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The food scene in Cookeville is diverse and includes over 100 restaurants, ranging from mom-and-pop diners to posh cuisine. Some popular restaurants in the city include Crawdaddy's West Side Grill, Father Tom's Pub, and World Foods International Deli & Pizzeria. There are also plenty of great food trucks and other eateries to try.
What are the pros and cons of living in Cookeville?
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The pros of living in Cookeville include its small-town charm, hospitality, and natural beauty. However, some cons of living in the city include a higher poverty rate and lower median household income compared to other parts of the country. Additionally, traffic and commute times can be a challenge in certain areas of the city.
Is Cookeville a good place to live?
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Overall, Cookeville can be a great place to live for those who value small-town charm, natural beauty, and a strong sense of community. While it may have its challenges, the city has a lot to offer, including a diverse food scene, plenty of outdoor activities, and a mix of older and newer neighborhoods to choose from. Ultimately, whether or not Cookeville is a good place to live depends on your individual preferences and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Cookeville TN Commercial Property: $28,314
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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