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Property profile & analytics
FOR SALE
Drive through restaurants
1112 W Main St Lebanon, TN 37087
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-1359651
For Sale
1 / 7
$1,450,000
1112 W Main St, Lebanon, TN 37087
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1985
Total area
4,750 SF
Lot
179 ac (7,797,240 SF)
APN
068A F 00201
UPID
US80-1359651
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
-
Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Let Them Shine Drop-In Center Daycare Center Foster Care Service
-
ConqHER Fitness Gym & Fitness Center
-
Porth Law, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
James D Dillon · 10 yrs held
James D Dillon
since 2015
7 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
by Request
ML approach
$230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±10%
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
$48 / 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
$10,094
Tax year 2023
Assessed value
$349,080
Assessed 2023
Previous assessed
$349,080
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$164,680
Assessed improvement
$184,400
Land market value
$411,700
Improvement market value
$461,000
Total market value
$872,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1985
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
4,750 SF
Lot
179 ac (7,797,240 SF)
APN
068A F 00201
UPID
US80-1359651
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
1985
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
179 ac
Current owner
From public records · entity-resolved
James D Dillon
Individual
Mailing address
PO BOX 217, BRENTWOOD, TN 37024-0217
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Mac Properties Lebanon LLC
—
Deed
related
$225,000 · Insbank
Nov 22, 2017
—
Mac Properties Lebanon LLC
—
Deed
related
$903,000 · Insbank
Aug 21, 2015
$480,000
James D Dillon
Cedarstone Bank
Special Warranty Deed
$480,000 · Cedarstone Bank
Jun 1, 2015
$473,100
Cedarstone Bk
Lee Robert E|willits David W
Trustees Deed
—
Jun 20, 2007
—
Willstans LLC
—
Trustees Deed
related
$356,365 · Cedarstone Bank
Mar 30, 2007
—
Willstans LLC
Rudolph,scott E & Cheri H
Warranty Deed
$400,000 · Cedarstone Bank
Jul 23, 1997
$275,000
Scott E Etal Rudolph
Rudolph,scott
Grant Deed
related
—
—
—
Willstans LLC
—
Loan Modification
related
$456,197 · Cedarstone Bk
—
—
Mac Properties Lebanon LLC
—
Deed Of Trust
related
$225,000 · Insbank
—
—
Willstans LLC
—
Deed Of Trust
related
—
—
—
Mac Properties Lebanon LLC
—
Deed Of Trust
related
$903,000 · Insbank
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.
Try Rey
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