Retail Building Near Interstate
331 S Maple St Lebanon, TN 37087
331 S Maple St, Lebanon, TN, 37087
$599,000
For Sale
$599,000
1.05 acre retail property with 1535 sq ft building.
Property Size1,535 SF
Lot Size1.05 Acres
Price / SF$390.23
Days on Market151
Property Features for 331 S Maple St
General Information
- Standard status
- Active
- Size
- 1,535 SF
- Lot size
- 1.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1914
Listing Agency
BENCHMARK REALTY, LLC
(615) 371-1544
Listed by
CHRISTY ROSS
Source
Corcoran
Added: Feb 18 Checked: Jul 17 at 3:09 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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial property is located minutes from Interstate I40. It features a 1535-square-foot building situated on 1.05 acres. The property is zoned CS, permitting uses such as food service, veterinary service, retail trade, and medical/healthcare services. The surrounding area includes restaurants, retail establishments, and entertainment venues.
Key Highlights
- Excellent Location: Minutes from Interstate I40 for easy access.
- Versatile Commercial Zoning: 1.05 acres zoned CS allows for a wide range of business uses.
- Existing Building: Includes a 1535 sq foot building ready for occupancy or renovation.
Local Financial Insights For Retail
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 | $52.1k | $33.96 |
| − Vacancy | −$2.0k | −$1.29 |
| EGI | $50.1k | $32.67 |
| − OpEx | −$15.0k | −$9.80 |
| NOI | $35.1k | $22.87 |
1,535 SF · lease $33.96/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$501.5K
$438.8K – $585.1K
NOI $35,103 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $140,901 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 1.05 acre retail property with 1535 sq ft building.
Where is this retail space located?
The property is located at 331 S Maple St Lebanon, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Excellent Location: Minutes from Interstate I40 for easy access.; Versatile Commercial Zoning: 1.05 acres zoned CS allows for a wide range of business uses.; Existing Building: Includes a 1535 sq foot building ready for occupancy or renovation.
