Mixed-Use Space with Front
For Sale
Contact for pricing
104 North Greenwood Street, Lebanon, TN 37087
Flexible blank-canvas layout with street-facing windows and access to nearby shops, dining, and municipal amenities.
Property Size850 SF
Price / SF$2.18
Days on Market274
Property Features for 104 North Greenwood Street
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial Lease / Mixed Use
Amenities
No Dock
Building Details
Year Built
1956
Listing Agency:
RE/MAX West Main Realty
Listed By:
Lesli C. Hammontree · License #286583
(615) 604-9737
Source:
Compass
Added: Jan 15
Changed: Oct 15
Last Checked: Oct 16 at 11:07AM
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 RE/MAX West Main Realty
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Investment Insights
Based on property information with market context.
This mixed-use commercial space at 104 North Greenwood Street provides a blank-canvas layout for a tea room, coffee shop, retail operation, office, or another commercial use. Large front windows bring in natural light and provide visibility from W Main Street, with space for business signage and customized improvements. The property was built in 1956 and has no dock.
Located just off Lebanon Square in Lebanon, TN, the space offers access to surrounding shops, dining, and municipal amenities. A minimum two-year lease is required.
Located just off Lebanon Square in Lebanon, TN, the space offers access to surrounding shops, dining, and municipal amenities. A minimum two-year lease is required.
Key Highlights
- Large front windows provide natural light and visibility from W Main Street
- Blank‑canvas space adaptable for tea room, coffee shop, retail, office, or other commercial uses
- 104 North Greenwood Street, Lebanon, TN 37087
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,863
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,260
$217.3K
Cap Rate 7%
$155,186
$155.2K
Cap Rate 9%
$120,700
$120.7K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$20.4K $24.00/SF
− Vacancy
−$3.0K −$3.55/SF
EGI
$17.4K $20.45/SF
− OpEx
−$6.5K −$7.67/SF
NOI
$10.9K $12.78/SF
Area
Wilson County, TN
Vacancy
14.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,260
Cap Rate 7%
$155,186
Cap Rate 9%
$120,700
Alternative Uses
Best Use
Retail
$277.7K
$243.0K – $324.0K
NOI $19,438 @ 7.0% cap · market cap 1,050.70%
Second Best
Mixed Use
$155.2K
$135.8K – $181.1K
NOI $10,863 @ 7.0% cap · market cap 587.19%
Theoretical Best
Warehouse
$1.11M
$975.3K – $1.30M
NOI $78,023 @ 7.0% cap · market cap 4,217.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 36%
Home Improvements & Furnishings 6%
Beauty & Spa 2%
SONIC Drive In
Dining
17,435 visits/mo
0.4 miles
Burger King
Dining
12,014 visits/mo
0.4 miles
Dollar General
Shops & Services
7,172 visits/mo
0.1 miles
AutoZone
Shops & Services
5,130 visits/mo
0.4 miles
Truist
Shops & Services
4,788 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible blank-canvas layout with street-facing windows and access to nearby shops, dining, and municipal amenities.
Where is this mixed-use property located?
The property is located at 104 North Greenwood Street Lebanon, TN.
What are key features of this property?
This property features: Large front windows provide natural light and visibility from W Main Street; Blank‑canvas space adaptable for tea room, coffee shop, retail, office, or other commercial uses; 104 North Greenwood Street, Lebanon, TN 37087
