Nano-sized cobalt powder was fabricated by wet chemical reduction method at room temperature. The effects of various experimental variables on the overall properties of fabricated nano-sized cobalt powders have been investigated in detail, and amount of NaOH and reducing agent and dropping speed of reducing agent have been properly selected as experimental variables in the present research. Minitab program which could find optimized conditions was adopted as a statistic analysis. 3D Scatter-Plot and DOE (Design of Experiments) conditions for synthesis of nano-sized cobalt powder were well developed using Box-Behnken DOE method. Based on the results of the DOE process, reproducibility test were performed for nano-sized cobalt powder. Spherical nano-sized cobalt powders with an average size of 70-100 nm were successfully developed and crystalline peaks for the HCP and FCC structure were observed without second phase such as $Co(OH)_2$.