Warehouse Suite with Roll-Up
For Sale
Contact for pricing
319 E Main Street, Lebanon, TN 37087
The space supports warehouse and storage use; customer-facing businesses are not permitted.
Property Size2,750 SF
Price / SF$0.33
Days on Market11
Property Features for 319 E Main Street
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
1,776 SF
Conditioned Warehouse
No
Additional Details
Highway Access
Yes
Property Use
Warehouse
Building Details
Year Built
1938
Listing Agency:
Benchmark Realty, LLC
Listed By:
Amy Robinson · License #336580
(615) 636-2564
Source:
Benchmarkrealtytn
Added: Oct 18
Changed: Oct 27
Last Checked: Oct 26 at 4:47PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite D at 319 E Main Street contains 1,776 square feet of warehouse and storage space. Two manually operated roll-up doors, each 11 feet high, provide loading access. The suite has no climate control or office facilities, and its permitted use is limited to storage or warehouse operations.
The property is near Downtown Lebanon, with connections to Interstate 40, Carthage Highway, Baddour Parkway, and Sparta Pike. The building dates to 1938.
The property is near Downtown Lebanon, with connections to Interstate 40, Carthage Highway, Baddour Parkway, and Sparta Pike. The building dates to 1938.
Key Highlights
- 1,776 SF of warehouse and storage space
- Two 11‑foot manual roll‑up doors
- No climate control or office facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,048,580
$5.0M
Cap Rate 7%
$3,606,129
$3.6M
Cap Rate 9%
$2,804,767
$2.8M
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$321.8K $117.00/SF
− Vacancy
−$24.8K −$9.01/SF
EGI
$297.0K $107.99/SF
− OpEx
−$44.5K −$16.20/SF
NOI
$252.4K $91.79/SF
Area
Wilson County, TN
Vacancy
7.70%
Lease Rate
$117.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,048,580
Cap Rate 7%
$3,606,129
Cap Rate 9%
$2,804,767
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,429 @ 7.0% cap · market cap 28,047.67%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Fox Moving & Storage — lebanon, tn 37087
- AUTO UNION INC. REPAIRES — 325 w baddour pkwy, lebanon, tn 37087
- My Favorite Storage — 807 N Cumberland St, Lebanon, TN 37087
Frequently Asked Questions
What type of property is this?
Warehouse - The space supports warehouse and storage use; customer-facing businesses are not permitted.
Where is this warehouse located?
The property is located at 319 E Main Street Lebanon, TN.
What are key features of this property?
This property features: 1,776 SF of warehouse and storage space; Two 11‑foot manual roll‑up doors; No climate control or office facilities
