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33154727
33154728

950 Humble Drive, Cookeville, TN 38501

SS
TN 316611
Rep Real Estate professionals of Tennessee
Listed by Rep Real Estate professionals of Tennessee
$1,350,000
7 days on market
Updated 7 days ago
Opportunity zone

950 Humble Drive

Details
Property Type Self Storage, Business for Sale
Sub Type Business and Building
Square Footage 11,700
Net Rentable (SqFt) 11,700
Units 85
Cap Rate 4.50%
NOI $20,000
Occupancy 97%
Tenancy Multi
Price per SqFt $115
Class A
Year Built 2018
Buildings 2
Acreage 1.500
Zoning Commercial General
Parking Spaces spaces
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

About This Property

Marketing description

Turnkey Profitable Self-Storage Facility for Sale – Cookeville, TN

Existing Profitable Self-Storage Business located within 1/2 mile of I-40 in Cookeville, Tennessee — just 1 hour from Nashville.

This well-established 72-unit self-storage property sits on 1.5 acres and generates $84,000 in annual income. The facility features a mix of climate-controlled and outdoor storage units, plus dedicated RV/Boat parking spaces.

Property Highlights:

  • 85 total units (climate-controlled + outdoor + parking spaces)
  • Modern business office with restroom and ample parking
  • Completely gated with secure cameras and access control
  • Bright security lighting throughout
  • Asphalt drives and excellent curb appeal
  • Impeccable condition — clean, well-maintained, and professionally managed

Exceptional Operations:

  • Highly automated self-lease system allows the owner to spend less than 2 hours per week on operations
  • Consistently 97% occupied since purchase in 2018
  • Strong, stable cash flow with proven performance

Prime Location & Growth Potential:

  • Located within 1/2 mile of the new Target and Home Depot
  • Heavy daily traffic from I-40 corridor
  • Commercial General zoning — industrial and business uses welcome
  • Strong local demand in a growing market only one hour from Nashville

This is a rare opportunity to acquire a clean, turnkey, cash-flowing self-storage business with strong occupancy, minimal owner involvement, and excellent location-driven upside. Ideal for investors seeking passive income with long-term appreciation potential in a high-traffic growth corridor.

Investment highlights

Turnkey Profitable Self-Storage Facility for Sale – Cookeville, TN

Existing Profitable Self-Storage Business located within 1/2 mile of I-40 in Cookeville, Tennessee — just 1 hour from Nashville.

This well-established 72-unit self-storage property sits on 1.5 acres and generates $84,000 in annual income. The facility features a mix of climate-controlled and outdoor storage units, plus dedicated RV/Boat parking spaces.

Property Highlights:

  • 85 total units (climate-controlled + outdoor+parking spots)
  • Modern business office with restroom and ample parking
  • Completely gated with secure cameras and access control
  • Bright security lighting throughout
  • Asphalt drives and excellent curb appeal
  • Impeccable condition — clean, well-maintained, and professionally managed

Exceptional Operations:

  • Highly automated self-lease system allows the owner to spend less than 2 hours per week on operations
  • Consistently 97% occupied since purchase in 2019
  • Strong, stable cash flow with proven performance

Prime Location & Growth Potential:

  • Located within 1/2 mile of the new Target and Home Depot
  • Heavy daily traffic from I-40 corridor
  • Commercial General zoning — industrial and business uses welcome
  • Strong local demand in a growing market only one hour from Nashville

This is a rare opportunity to acquire a clean, turnkey, cash-flowing self-storage business with strong occupancy, minimal owner involvement, and excellent location-driven upside. Ideal for investors seeking passive income with long-term appreciation potential in a high-traffic growth corridor.

Listing Contacts

SS
TN 316611
Rep Real Estate professionals of Tennessee
Listed by Rep Real Estate professionals of Tennessee

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$20,000.00
$1,666.67/mo

Valuation Metrics

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DSCR
1.48%
Cap Rate
1.48%
ROI

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