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Property profile & analytics
OFF-MARKET
Estimated value
$5,575,000
Commercial real estate
1418 Main St Lebanon, TN 37087-4824
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2509010
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
22,260 SF
Lot
4.75 ac (206,910 SF)
APN
068A A 00200
UPID
US80-2509010
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
-
T-Mobile Authorized Retailer Telecommunications Service
-
Kroger Fuel Center Gas Station
-
Petco (Bike/Boat/Book/etc) Store Pet Store
-
Kroger Bakery Bakery Specialty Food Shop
-
Patricia J. Gipson, DPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.58M
CAP Approach
CAP
$4.38M
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$5.58M
Owner & transaction history
Westview Investment LLC · 2 yrs held
Westview Investment LLC
since 2024
Last sale
$5.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.7M
+16.5%
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
$5,575,000
ML approach
$5,575,000
CAP Approach
CAP Return
Estimation
6%
$4,740,000
6.5%
$4,375,000
7%
$4,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,880,000
Current use
MEDICAL BUILDING
$5,685,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,355,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.58M
Range $5.02M – $6.13M · ±10% · vs last sale $5.58M (Apr 25 2024)
Last sale anchor
$5.58M
Apr 25 2024
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
$250 / 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
$22,595
Tax year 2023
Assessed value
$781,360
Assessed 2023
Previous assessed
$781,360
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$254,400
Assessed improvement
$526,960
Land market value
$636,000
Improvement market value
$1,317,400
Total market value
$1,953,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
9
Total area
22,260 SF
Lot
4.75 ac (206,910 SF)
APN
068A A 00200
UPID
US80-2509010
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
9
Lot
4.75 ac
Current owner
From public records · entity-resolved
Westview Investment LLC
Entity
Mailing address
412 HARDING PL STE #209, NASHVILLE, TN 37211-4594
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$5,575,000
Westview Investment LLC
Westview Plaza Shops LLC
Special Warranty Deed
$4,181,250 · Wilson Bank & Trust
Mar 26, 2018
$2,567,848
Westview Plaza Shops LLC
Pebb Lebanon LLC
Grant Deed
—
Mar 9, 2017
$3,050,000
Kroger LP I
Pebb Lebanon LLC
Grant Deed
—
Oct 7, 2010
$4,000,000
West Main Street Hol 1416-1418
Shade,jason
Trustees Deed
—
—
—
Westview Plaza Shops LLC
—
Deed Of Trust
related
$2,400,000 · Branch Bk&tr
—
—
Westview Plaza Shops LLC
—
Deed Of Trust
related
$5,475,000 · Pnc Bank
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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