Lebanon Pike Commercial
4979A Lebanon Pike Old Hickory, TN 37138
For Sale
$388,240
Remodeled commercial unit on Lebanon Pike, move-in ready.
Property Size1,475 SF
Price / SF$263.21
Days on Market103
Property Features for 4979A Lebanon Pike
General Information
- Standard status
- Active
- Size
- 1,475 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency:
VITALITY REALTY
(615) 203-3300
Listed By:
DIANA BRACKIN
Source:
Corcoran
Added: Apr 14
Changed: Jul 10
Last Checked: Jul 24 at 10:19AM
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 VITALITY REALTY
Investment Insights
Based on property information with market context.
This is a 1,475 square foot commercial unit located on Lebanon Pike. The property is zoned CS (Commercial Services), allowing for a broad range of commercial uses. It is suitable for investors or owner-users. The unit is part of a two-unit building with shared connectivity. Each unit has its own restroom and maintenance closet. The unit has been recently remodeled and is move-in ready, featuring new carpet, fresh paint, and updated drop ceilings. The property is located in a high-traffic, well-established corridor surrounded by a mix of residential and commercial activity. The property has strong daily traffic and accessibility. The unit includes a private office. The property is currently occupied by a church on a month-to-month lease, offering potential for immediate income with flexibility for future use.
Key Highlights
- Prime Lebanon Pike location offering excellent visibility and accessibility.
- Move‑in ready condition featuring new carpet, fresh paint, and updated drop ceilings.
- Flexible CS (Commercial Services) zoning allows for a broad range of commercial uses.
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 | $26.6k | $18.00 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $25.2k | $17.10 |
| − OpEx | −$7.6k | −$5.13 |
| NOI | $17.7k | $11.97 |
1,475 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$252.2K
$220.7K – $294.3K
NOI $17,656 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.79M
$1.56M – $2.08M
NOI $125,000 @ 7.0% cap · market cap 32.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Folded Paper Flowers — 855 forrest glen dr, old hickory, tn 37138
FAQs
What type of property is this?
Storefront property - Remodeled commercial unit on Lebanon Pike, move-in ready.
Where is this storefront property located?
The property is located at 4979A Lebanon Pike Old Hickory, TN.
What is the asking price?
The asking price for this property is $388,240.
What are key features of this property?
This property features: Prime Lebanon Pike location offering excellent visibility and accessibility.; Move‑in ready condition featuring new carpet, fresh paint, and updated drop ceilings.; Flexible CS (Commercial Services) zoning allows for a broad range of commercial uses.
