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Property profile & analytics
OFF-MARKET
Estimated value
$190,000
Retail space
102 College St Lebanon, TN 37087-3623
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0571430
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
450 SF
Lot
15 ac (653,400 SF)
APN
068E P 00700
UPID
US80-0571430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Island Breeze Bistro Restaurant
-
A Better Choice DUI School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$185k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
Saber Rentals LLC · 1 yrs held
Saber Rentals LLC
since 2025
Last sale
$255,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$190,000
ML approach
$185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$190k
Range $171k – $209k · ±10% · vs last sale $255k (Apr 9 2025)
Last sale anchor
$255k
Apr 9 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$422 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$272
Tax year 2023
Assessed value
$9,400
Assessed 2023
Previous assessed
$9,400
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$1,800
Assessed improvement
$7,600
Land market value
$4,500
Improvement market value
$19,000
Total market value
$23,500
Applied tax rate
950.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Total area
450 SF
Lot
15 ac (653,400 SF)
APN
068E P 00700
UPID
US80-0571430
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
YES
Stories
1
Units
1
Bathrooms
0
Lot
15 ac
Current owner
From public records · entity-resolved
Saber Rentals LLC
Entity
Mailing address
3946 HICKORY RDG RDB, LEBANON, TN 37087-8234
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
$255,000
Saber Rentals LLC
Steven Shevel
Warranty Deed
$155,000 · Jessica Shevel Etal
Nov 23, 2020
$100,000
Steven Shevel
A Friend Of Bills LLC
Warranty Deed
—
Sep 17, 2013
—
A Friend Of Bills LLC
Booth,cathy
Quit Claim Deed
related
$18,000 · Banktennessee
Oct 12, 2012
$21,000
Cathy Booth
Thornton,brown D & Kimberly B
Warranty Deed
$16,800 · Wilson Bank & Trust
Sep 30, 2009
$25,000
Brown D Thornton
Thornton,susan I
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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