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    2640 Martha Leeville Rd Lebanon, TN 37090

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    For Sale
    $400,000

    One-acre lot near Highway 109, suitable for residential or commercial.

    Lot size:
    1.00 Acre

    Property Features for 2640 Martha Leeville Rd

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre

    Source: BLACKWELL REALTY AND AUCTION Agent JUDY STAFFORD GRI, AHWD, ABR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleared Lot with Development Potential

    This cleared 1-acre lot is located just off Highway 109 and minutes from I-40, providing visibility and access. The land is level and ready to build. Currently zoned residential, the property is surrounded by growing development, suggesting potential for future commercial use. It is suitable for a custom home or investment opportunity. The property is to be sold with MLS number 2963923, address 5845 E Division St Mt Juliet TN, for a total of $1,200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Auto Repair Shop Hair Salon Wholesale Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.418625
    Latitude
    36.191967

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    FAQs

    What type of property is this?
    Land - One-acre lot near Highway 109, suitable for residential or commercial.
    Where is this land located?
    The property is located at 2640 Martha Leeville Rd Lebanon, TN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime location with excellent visibility and access just off Highway 109 and minutes from I-40.; - Strong potential for future commercial use due to surrounding development.; - Level, cleared 1-acre lot ready to build.
    (615) 444-0072
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    2640 Martha Leeville Rd Lebanon, TN 37090
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    Lebanon, TN 37090
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    Realmo Value Estimation

    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.

    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.

    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
    2640 Martha Leeville Rd Lebanon, TN 37090
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