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    4850 Lebanon Rd Hermitage, TN 37076

    Sponsored
    For Sale
    $199,000

    Prime Commercial Lot, High Traffic Area, Reduced Taxes.

    Property size:
    47,916 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.1-acre commercial lot, located at 4850 Lebanon Rd in Hermitage, Tennessee, presents a remarkable investment opportunity. Boasting a sizable 47,916 square feet, this vacant land is ideally situated in a high-traffic area, making it perfect for a variety of commercial ventures. The property's previous high property taxes have been significantly reduced following a recent assessment by the tax assessor, representing substantial savings for the new owner. The site's potential is further enhanced by its proximity to a newly constructed strip center, indicating a thriving and growing commercial environment. This location is particularly well-suited for restaurants, fast-food establishments, or similar businesses seeking high visibility and accessibility. The motivated seller is eager to finalize a sale, making this an exceptional opportunity to acquire a prime commercial property at a reduced price. Don't miss this chance to secure a valuable piece of Hermitage real estate in a dynamic commercial corridor. The property is ready for immediate development, offering significant potential for return on investment. Serious inquiries are encouraged.

    Property Features for 4850 Lebanon Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    47,916 SF
    Lot Size
    47,916 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hermitage
    County
    Davidson County, TN
    State
    Tennessee
    Longitude
    -86.5866
    Latitude
    36.21563

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Lot, High Traffic Area, Reduced Taxes.
    Where is this commercial real estate located?
    The property is located at 4850 Lebanon Rd Hermitage, TN.
    What is the asking price?
    The asking price for this property is $199,000.
    (615) 391-9080
    Request Owner's contact information
    4850 Lebanon Rd Hermitage, TN 37076
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    Hermitage, TN 37076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4850 Lebanon Rd Hermitage, TN 37076
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