Second-Floor Office
104D W Main Street, Lebanon, TN 37087
For Sale
New
Contact for pricing
The workspace includes controlled key-fob entry, a shared kitchen, utilities, and high-speed internet.
Property Size135 SF
Price / SF$5.93
Days on Market5
Property Features for 104D W Main Street
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Amenities
key fob building access
shared kitchen/break room
Building Details
Year Built
Listing Agency:
Benchmark Realty, LLC
Listed By:
Amy Robinson · License #336580
(615) 636-2564
Source:
Benchmarkrealtytn
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:43PM
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 Benchmark Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 135-square-foot office suite occupies the second floor of a building constructed in 1900. Building access is controlled by key fob, and occupants have use of a shared kitchen and break room. Utilities and high-speed internet are included.
The property is at 104D W Main Street on Lebanon’s Historic Public Square, within walking distance of downtown restaurants, coffee shops, shops, and local businesses.
The property is at 104D W Main Street on Lebanon’s Historic Public Square, within walking distance of downtown restaurants, coffee shops, shops, and local businesses.
Key Highlights
- 135‑square‑foot private office on the second floor
- Key‑fob‑controlled building entry
- Shared kitchen and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,259
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,180
$45.2K
Cap Rate 7%
$32,271
$32.3K
Cap Rate 9%
$25,100
$25.1K
Market Conditions
NOI Build-Up for 135 SF
Gross rent
$3.6K $26.40/SF
− Vacancy
−$552 −$4.09/SF
EGI
$3.0K $22.31/SF
− OpEx
−$753 −$5.58/SF
NOI
$2.3K $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%
$45,180
Cap Rate 7%
$32,271
Cap Rate 9%
$25,100
Alternative Uses
Best Use
Office B
$32.3K
$28.2K – $37.7K
NOI $2,259 @ 7.0% cap · market cap 282.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$177.0K
$154.9K – $206.5K
NOI $12,392 @ 7.0% cap · market cap 1,549.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The workspace includes controlled key-fob entry, a shared kitchen, utilities, and high-speed internet.
Where is this office unit located?
The property is located at 104D W Main Street Lebanon, TN.
What are key features of this property?
This property features: 135‑square‑foot private office on the second floor; Key‑fob‑controlled building entry; Shared kitchen and break room
