Historic Retail
109B W Main Street, Lebanon, TN 37087
For Sale
New
Contact for pricing
Exposed brick, hardwood flooring, and shared kitchenette and restroom serve this compact downtown commercial space.
Property Size203 SF
Price / SF$5.42
Days on Market5
Property Features for 109B W Main Street
General Information
Standard status
Size
Property subtype
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 2:37PM
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
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Investment Insights
Based on property information with market context.
Suite B is a 203-square-foot retail space in a 1900 building on West Main Street in downtown Lebanon. Interior details include exposed brick, high decorative ceilings, and hardwood floors, with a shared kitchenette and restroom available to occupants.
The suite is near Lebanon’s historic Public Square and downtown shops, dining, and businesses. It can be leased on its own or with adjoining Suite A, which adds 132 square feet and a storefront display window for a combined 335 square feet. Suite B is scheduled to be available February 1, 2027, with earlier occupancy possible.
The suite is near Lebanon’s historic Public Square and downtown shops, dining, and businesses. It can be leased on its own or with adjoining Suite A, which adds 132 square feet and a storefront display window for a combined 335 square feet. Suite B is scheduled to be available February 1, 2027, with earlier occupancy possible.
Key Highlights
- 203 SF Suite B in a 1900 building
- Exposed brick, high decorative ceilings, and hardwood floors
- Shared kitchenette and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,642
Suggested Prices Based on Cap Rates
Cap Rate 5%
$92,840
$92.8K
Cap Rate 7%
$66,314
$66.3K
Cap Rate 9%
$51,578
$51.6K
Market Conditions
NOI Build-Up for 203 SF
Gross rent
$6.9K $33.96/SF
− Vacancy
−$262 −$1.29/SF
EGI
$6.6K $32.67/SF
− OpEx
−$2.0K −$9.80/SF
NOI
$4.6K $22.87/SF
Area
Wilson County, TN
Vacancy
3.80%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$92,840
Cap Rate 7%
$66,314
Cap Rate 9%
$51,578
Alternative Uses
Best Use
Retail
$66.3K
$58.0K – $77.4K
NOI $4,642 @ 7.0% cap · market cap 422.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$266.2K
$232.9K – $310.6K
NOI $18,634 @ 7.0% cap · market cap 1,694.00%
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
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 29%
Home Improvements & Furnishings 8%
Burger King
Dining
12,014 visits/mo
0.1 miles
Dollar General
Shops & Services
7,172 visits/mo
0.4 miles
AutoZone
Shops & Services
5,130 visits/mo
0.3 miles
Truist
Shops & Services
4,788 visits/mo
0.3 miles
Gulf Oil
Shops & Services
3,503 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Exposed brick, hardwood flooring, and shared kitchenette and restroom serve this compact downtown commercial space.
Where is this retail space located?
The property is located at 109B W Main Street Lebanon, TN.
What are key features of this property?
This property features: 203 SF Suite B in a 1900 building; Exposed brick, high decorative ceilings, and hardwood floors; Shared kitchenette and restroom
