Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Class A Industrial Space Title is generated by Realmo AI

    120 Business Park Dr, Lebanon, TN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A industrial space, convenient location.

    Type:INDUSTRIAL
    Property size:
    108,500 SF
    Lot size:
    6.06 Acres
    Added:
    Feb 19, 2025
    Days on Market:
    471
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 120 Business Park Dr

    General Information

    Standard status
    Active
    Size
    108,500 SF
    Lot size
    6.06 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 120 Business Park Dr Contact us

    We can help!

    Listing Contact
    Bo Fulk
    Bo Fulk

    Listing agent Bo Fulk

    Listing office KBC Advisors | Nashville

    Listing date Feb 19, 2025

    Source Moodyscre

    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 KBC Advisors | Nashville

    HighLights

    • New Class A Industrial Space
    • Proximity to Nashville International Airport (10 Miles)
    • Convenient Access to I‑840 (6 Miles)

    Overview

    This is a new Class A industrial property offering 108,500 square feet of space. The property is located 6 miles from I-840 and 10 miles from Nashville International Airport. The property is suitable for warehouse, industrial, and distribution purposes.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Big & Small Storage LLC — Big And Small Storage, 231 Business Park Dr, Lebanon, TN 37090
    • iStorage — 400 Quarry Loop Rd, Mt. Juliet, TN 37122

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.4232
    Latitude
    36.2241

    Nearby Similar for Lease

    • $3,000/Mo

      Office Space For Rent

      Office space available for rent on Lebanon Road.
      2070B Lebanon Rd, Lebanon, TN 37087
      View Details
    • $6,000/Mo

      Lebanon Office Space For Rent

      Office space available in Lebanon, Tennessee.
      212 N Castle Heights Ave, Lebanon, TN 37087
      View Details
    • $2,750/Mo

      Office Space for Lease

      Office space available for lease in Lebanon, Tennessee.
      107 Trinity Dr, Lebanon, TN 37087
      View Details
    • $3,000/Mo

      Retail Space on Town Square

      Retail space for rent in Lebanon's Town Square.
      101A Public Sq, Lebanon, TN 37087
      View Details
    • $2,800/Mo

      Retail Space on Town Square

      Retail space for rent in Lebanon, Tennessee.
      101B Public Sq, Lebanon, TN 37087
      View Details
    • $4,750/Mo
      1,900 SF

      Historic Lebanon Town Square Space

      1900 SqFt available near I40 and Nashville Star Train.
      129 Public Square, Lebanon, TN 37087
      View Details
    • Contact for pricing
      8,185 SF

      Modern Medical Office Building

      Modern, patient-friendly medical space with renovated common areas, ample parking, and convenient interstate access.
      100 PHYSICIANS WAY, LEBANON, TN 37087
      View Details
    • $2,000/Mo

      Corner Commercial Property for Rent

      Commercial property for rent located on the corner.
      204 E Main St, Lebanon, TN 37087
      View Details
    • Contact for pricing
      234,711 SF

      Lebanon Industrial Park Near Downtown

      Industrial park with excellent access to I-40 and local amenities.
      303 Alligood Way, Lebanon, TN 37090
      View Details
    • Contact for pricing
      314,178 SF

      Industrial Property in Lebanon, TN

      314,178 square foot industrial property available for rent.
      887 Old Laguardo Road East, Lebanon, TN, 37087
      View Details
    • $15 SF/Yr
      34,970 SF

      Lebanon Warehouse Space Available

      34,970 sqft warehouse space for lease in Lebanon, TN.
      25 Genesco Parkway, Lebanon, TN, 37090
      View Details
    • Contact for pricing
      7,570 SF

      Retail Space in Lebanon, TN

      Retail space available in high-traffic Lebanon shopping center.
      1023-1037 W Main St, Lebanon, TN
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A industrial space, convenient location.
    Where is this warehouse located?
    The property is located at 120 Business Park Dr Lebanon, TN.
    What are key features of this property?
    This property features: New Class A Industrial Space; Proximity to Nashville International Airport (10 Miles); Convenient Access to I‑840 (6 Miles)
    (615) 412-8751 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bo Fulk
    Bo Fulk
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    120 Business Park Dr, Lebanon, TN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!