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    102 College St Lebanon, TN 37087

    • Retail space
    • 450 SF
    • 15.00 lot acres
    For Sale
    View listing
    $300,000
    Value Estimation
    Last Sale
    Apr 09, 2025
    $255,000
    Location Intelligence
    Property ID
    US80-0571430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Island Breeze Bistro / Southern Restaurant (Us) / Restaurant
    • A Better Choice DUI School / School

    Property Details for 102 College St

    Year built
    1900
    Lot size
    15.00 lot acres
    Property size
    450 SF
    Property type
    Retail space
    APN
    068E P 00700
    APU
    068EP00700

    Description

    This exceptional retail property, located at 102 S College St in Lebanon, Tennessee's historic district, presents a unique investment opportunity. Situated on a 0.01-acre lot, this 450-square-foot building boasts a prime location just one block from the Wilson County Courthouse and the Lebanon Public Square, ensuring high visibility and foot traffic. The property has undergone a complete renovation, resulting in a beautifully updated space ready for immediate occupancy. Currently, two thriving businesses occupy the building, demonstrating the strong rental potential and established clientele in this desirable area. The property's charm and character are undeniable, reflecting the rich history of its location. The combination of its renovated condition, excellent location, and existing successful businesses makes this a rare find in the heart of downtown Lebanon. This property is ideal for investors seeking a stable, income-generating asset in a vibrant and growing community. The asking price is $300,000. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $240,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $255,000
      Mixed-Use
      $260,000
      Hospitality
      $230,000
      Educational
      $235,000
      Residential Income
      $225,000
      Energy
      $275,000
      Income-Based Land
      $230,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.2899
    Latitude
    36.2076
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $272
    $1,800
    $7,600
    $9,400
    -
    $4,500
    $19,000
    $23,500

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    • Value Estimation by Request
      2,964 SF

      128 Public Sq

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      128 Public Sq, Lebanon, TN 37087-2735
      View Details

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    102 College St
    Lebanon, TN 37087
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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
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