Mixed-Use Retail/Office
For Sale
$5,500,000
907 W Main St, Lebanon, TN 37087
Built in 1999 and designated CI, the property combines retail and office space.
Property Size23,165 SF
Price / SF$237.43
Days on Market111
Property Features for 907 W Main St
General Information
Standard status
Active
Size
23,165 SF
Property subtype
Commercial
Zoning
CI
Additional Details
Asking Price
$5,500,000
Building Details
Building Size
23,165 SF
Year Built
1999
Buildings
1
Listing Agency:
Dunn Commercial Group
(615) 981-3022
Listed By:
William Griffith
Source:
Spotlightproperties
Added: Apr 16
Changed: Aug 3
Last Checked: Aug 4 at 12:37PM
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 Dunn Commercial Group
Investment Insights
Based on property information with market context.
This 23,165-square-foot mixed-use building contains retail and office space within a single commercial property. Constructed in 1999, it is available for either sale or lease and offers a combined format for businesses seeking both customer-facing and office areas.
The property is located at 907 W Main St in central Lebanon, Tennessee. CI zoning is in place, providing the site’s stated land-use designation. The building’s retail and office configuration supports consideration by users evaluating a centrally located commercial property with multiple space types.
The property is located at 907 W Main St in central Lebanon, Tennessee. CI zoning is in place, providing the site’s stated land-use designation. The building’s retail and office configuration supports consideration by users evaluating a centrally located commercial property with multiple space types.
Key Highlights
- 23,165 SF mixed‑use retail and office building
- Available for sale or lease
- CI zoning
Financial Insights For Office B
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 | $611.6k | $26.40 |
| − Vacancy | −$94.8k | −$4.09 |
| EGI | $516.8k | $22.31 |
| − OpEx | −$129.2k | −$5.58 |
| NOI | $387.6k | $16.73 |
23,165 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$7.57M
$6.62M – $8.83M
NOI $529,753 @ 7.0% cap · market cap 9.63%
Second Best
Office B
$5.54M
$4.84M – $6.46M
NOI $387,574 @ 7.0% cap · market cap 7.05%
Theoretical Best
Warehouse
$30.38M
$26.58M – $35.44M
NOI $2,126,370 @ 7.0% cap · market cap 38.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1999 and designated CI, the property combines retail and office space.
Where is this mixed-use property located?
The property is located at 907 W Main St Lebanon, TN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 23,165 SF mixed‑use retail and office building; Available for sale or lease; CI zoning
