Office Unit Near Downtown
For Sale
Contact for pricing
102 E Main St, Lebanon, TN 37087
A 270-square-foot office unit offers a compact workspace in a central commercial setting.
Property Size270 SF
Price / SF$2.78
Days on Market28
Property Features for 102 E Main St
General Information
Standard status
Active
Size
270 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1900
Listing Agency:
Midgett & Fite
(615) 444-3136
Listed By:
Dan Midgett · License #290557
(615) 604-5825
Source:
Movehomenashville
Added: Oct 6
Changed: Oct 29
Last Checked: Oct 29 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midgett & Fite
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Investment Insights
Based on property information with market context.
This 270-square-foot office unit is offered for sublease. The building dates to 1900, and lease options may also be available to qualified applicants.
The property is at 102 E Main St, near the square in Lebanon, Tennessee.
The property is at 102 E Main St, near the square in Lebanon, Tennessee.
Key Highlights
- 270‑square‑foot office unit
- Building dates to 1900
- Sublease offering with lease options available to qualified applicants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,517
Suggested Prices Based on Cap Rates
Cap Rate 5%
$90,340
$90.3K
Cap Rate 7%
$64,529
$64.5K
Cap Rate 9%
$50,189
$50.2K
Market Conditions
NOI Build-Up for 270 SF
Gross rent
$7.1K $26.40/SF
− Vacancy
−$1.1K −$4.09/SF
EGI
$6.0K $22.31/SF
− OpEx
−$1.5K −$5.58/SF
NOI
$4.5K $16.73/SF
Area
Wilson County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$90,340
Cap Rate 7%
$64,529
Cap Rate 9%
$50,189
Alternative Uses
Best Use
Office B
$64.5K
$56.5K – $75.3K
NOI $4,517 @ 7.0% cap · market cap 602.27%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$354.1K
$309.8K – $413.1K
NOI $24,784 @ 7.0% cap · market cap 3,304.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
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Business Placement
Demographics for 37087, TN
51,658
Population
21,800
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
164.9 sq mi
ZIP Area
313
Density / Sq Mi
$80,978
Median Household Income
$43,253
Median Earnings
$1,134
Median Rent
$359,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A 270-square-foot office unit offers a compact workspace in a central commercial setting.
Where is this office unit located?
The property is located at 102 E Main St Lebanon, TN.
What are key features of this property?
This property features: 270‑square‑foot office unit; Building dates to 1900; Sublease offering with lease options available to qualified applicants
