Lebanon Road Mixed-Use
For Sale
$575,000
10555 Lebanon Road, Mount Juliet, TN 37122
1.5 acres on Lebanon Rd with mixed-use potential.
Property Size1,320 SF
Lot Size1.50 Acres
Price / SF$435.61
Days on Market181
Property Features for 10555 Lebanon Road
General Information
Standard status
Active
Size
1,320 SF
Lot size
1.50 Acres
Property subtype
Commercial
Building Details
Year Built
1968
Listed By:
Andrew Buckwalter
(615) 973-7657
Source:
Benchmarkrealtytn
Added: Mar 27
Changed: Sep 21
Last Checked: Sep 22 at 5:27PM
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 Andrew Buckwalter
Investment Insights
Based on property information with market context.
Located on Lebanon Road in Mount Juliet, this 1.5-acre property offers mixed-use commercial potential. The site features a ranch-style structure that can be used for residential purposes or converted for office, retail, or professional use. The property benefits from road frontage and steady daily traffic. The single-level layout allows for conversion to office or service-based use. The lot provides flexibility for parking, expansion, or future redevelopment. The property is positioned along one of Mount Juliet’s active corridors, offering high visibility. It is suitable for entrepreneurs, investors, or owner-operators seeking a presence in a growing area. The property is to be sold as-is.
Key Highlights
- 1.5 acres of commercial mixed‑use land on Lebanon Road.
- High‑visibility location in a rapidly growing area of Mount Juliet.
- Existing ranch‑style structure suitable for residential, office, retail, or professional use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,400
$337.4K
Cap Rate 7%
$241,000
$241.0K
Cap Rate 9%
$187,444
$187.4K
Market Conditions
NOI Build-Up for 1,320 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.7K $24.00/SF
− Vacancy
−$4.7K −$3.55/SF
EGI
$27.0K $20.45/SF
− OpEx
−$10.1K −$7.67/SF
NOI
$16.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,400
Cap Rate 7%
$241,000
Cap Rate 9%
$187,444
Alternative Uses
Best Use
Mixed Use
$241.0K
$210.9K – $281.2K
NOI $16,870 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.73M
$1.51M – $2.02M
NOI $121,166 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1.5 acres on Lebanon Rd with mixed-use potential.
Where is this mixed-use property located?
The property is located at 10555 Lebanon Road Mount Juliet, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1.5 acres of commercial mixed‑use land on Lebanon Road.; High‑visibility location in a rapidly growing area of Mount Juliet.; Existing ranch‑style structure suitable for residential, office, retail, or professional use.
