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    438 Leeville Pike Lebanon, TN 37087

    For Sale
    $150,000

    Residential lot zoned R2, suitable for single or duplex construction.

    Property Features for 438 Leeville Pike

    General Information

    Standard status
    Active

    Source: AGEE & JOHNSON REALTY & AUCTION, INC Agent TAYLOR VANDEVER

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

    Overview

    Leeville Pike R2 Zoned Lot

    Lot 3 of the CRV Holdings Subdivision is available for purchase. This lot is zoned R2, permitting the construction of two units per lot. All City of Lebanon capacity fees have been covered by the seller. The buyer has the option to build either a single home or a duplex on the lot. Lot 3 is not designated as a critical lot and is not situated within a flood zone. Other lots are also available for purchase. A plat and concept plan are accessible in the Documents section. Lot 4 was previously sold to a builder who is currently constructing a triplex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.303345
    Latitude
    36.19936

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot zoned R2, suitable for single or duplex construction.
    Where is this residential land & home lot located?
    The property is located at 438 Leeville Pike Lebanon, TN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - R2 zoning allows for building a duplex, potentially generating income or accommodating multi-generational living.; - All City of Lebanon capacity fees have been paid, saving the buyer significant upfront costs.; - Lot 3 is not in a flood zone, mitigating flood risk and potentially lowering insurance costs.
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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
    438 Leeville Pike Lebanon, TN 37087
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