Functional Industrial Building with
314 Babb Dr Lebanon, TN 37087
314 Babb Dr, Lebanon, TN, 37087
$4,500,000
For Sale
$4,500,000
36,800 SF industrial building with office and yard space.
Property Size36,800 SF
Price / SF$122.28
Days on Market403
Property Features for 314 Babb Dr
General Information
- Standard status
- Active
- Size
- 36,800 SF
Building Details
- Year Built
- 1985
Listing Agency
AGEE & JOHNSON REALTY & AUCTION, INC
(615) 444-0909
Listed by
TAYLOR VANDEVER
Source
Corcoran
Added: Jun 11, 2025 Checked: Mar 16 at 9:08 am
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 AGEE & JOHNSON REALTY & AUCTION, INC
Investment Insights
Based on property information with market context.
This 36,800 SF industrial building features a functional layout with a 16-foot clear height and 30' x 40' column spacing, suitable for warehousing, manufacturing, or distribution. Currently used as a cabinet shop, the property includes 1,920 SF of office space with private offices, open work areas, and a breakroom, supported by dedicated office HVAC. It is equipped with 3-phase 277/480V electrical service powered by a dedicated 150 kVA pad-mounted transformer. The property has ample area for yard storage for equipment, inventory, or trailers. Zoned IP – Planned Business/Industrial Park, the site permits a range of uses including office, auto parking/repair/service, building materials, construction, warehousing, and vehicular related sales. Conditional uses such as heavier construction services are also available with approval. Development standards include generous setbacks and flexible building area allowances. Convenient access to major transportation corridors enhances the property's functionality.
Key Highlights
- 36,800 SF industrial building with functional layout suitable for warehousing, manufacturing, or distribution.
- Ample yard space for outdoor storage of equipment, inventory, or trailers.
- 3‑Phase 277/480V electrical service with dedicated 150 kVA transformer.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $357.7k | $9.72 |
| − Vacancy | −$18.6k | −$0.51 |
| EGI | $339.1k | $9.21 |
| − OpEx | −$118.7k | −$3.23 |
| NOI | $220.4k | $5.99 |
36,800 SF · lease $9.72/SF/yr · vacancy 5.20% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$48.26M
$42.22M – $56.30M
NOI $3,377,958 @ 7.0% cap · market cap 75.07%
Second Best
Industrial
$39.74M
$34.77M – $46.36M
NOI $2,781,848 @ 7.0% cap · market cap 61.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dillon Cabinet & Millwork
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 36,800 SF industrial building with office and yard space.
Where is this manufacturing property located?
The property is located at 314 Babb Dr Lebanon, TN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 36,800 SF industrial building with functional layout suitable for warehousing, manufacturing, or distribution.; Ample yard space for outdoor storage of equipment, inventory, or trailers.; 3‑Phase 277/480V electrical service with dedicated 150 kVA transformer.
