Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1459 Main St Lebanon, TN 37087-3113

    • Grocery and convenience stores
    • 2,365 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2024
    $925,000
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    5.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US80-3399712
    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

    • Free Byrds / Car Wash

    Property Details for 1459 Main St

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.01 lot acres
    Property size
    2,365 SF
    Property type
    Grocery and convenience stores
    APN
    057 07700
    APU
    5707700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $925,000
      ML approach
      $925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $775,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $605,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.3336
    Latitude
    36.2179
    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
    $4,977
    $102,600
    $69,520
    $172,120
    -
    $256,500
    $173,800
    $430,300

    Comparable in this City

    • Value Estimation
      $660,000
      1,972 SF

      1110 Cumberland St

      GROCERY, SUPERMARKET • 1,972 SF
      1110 Cumberland St, Lebanon, TN 37087-2008
      View Details
    • Value Estimation
      $360,000
      1,833 SF

      130 High St

      GROCERY, SUPERMARKET • 1,833 SF
      130 High St, Lebanon, TN 37087-2320
      View Details
    • Value Estimation
      $1,900,000
      4,545 SF

      1525 Main St

      GROCERY, SUPERMARKET • 4,545 SF
      1525 Main St, Lebanon, TN 37087-3115
      View Details
    • Value Estimation
      $290,000
      150 SF

      1418 Main St Ste A

      GROCERY, SUPERMARKET • 150 SF
      1418 Main St Ste A, Lebanon, TN 37087-3380
      View Details
    • Value Estimation
      $540,000
      6,600 SF

      405 Cumberland St

      GROCERY, SUPERMARKET • 6,600 SF
      405 Cumberland St, Lebanon, TN 37087-3905
      View Details
    • Value Estimation
      $390,000
      2,915 SF

      201 Main St

      GROCERY, SUPERMARKET • 2,915 SF
      201 Main St, Lebanon, TN 37087-2728
      View Details

    Similar Nearby for Sale

    • $8,697,000

      New Retail Investment Opportunity

      New construction retail property with long-term leases and high-traffic location.
      Hickory Ridge Rd, Lebanon, TN 37087
      View Details
    • $650,000
      1,989 SF

      Renovated Commercial Building Near I-40

      Renovated 2,000 SF commercial building suitable for various business uses.
      722 Park Ave, Lebanon, TN 37087
      View Details
    • $2,212,000
      4,436 SF

      Pinnacle Financial Partners NNN Lease

      NNN leased Pinnacle Financial Partners with long term.
      1412 W Baddour Pkwy, Lebanon, TN 37087
      View Details
    • Contact for pricing
      4,426 SF

      Restaurant/Retail Opportunity in Lebanon

      Restaurant or retail property with recent upgrades in Lebanon, TN.
      124 N College St, Lebanon, TN 37087
      View Details
    • $300,000
      450 SF

      Historic Downtown Lebanon Retail

      Prime location, renovated, two tenants.
      102 College St, Lebanon, TN 37087
      View Details
    • $2,599,000
      2.60 Acres

      Lebanon Flex Space - Redevelopment Opportunity

      High-growth area, 6800 sq ft, 2 buildings
      3970 Tn-109, Lebanon, TN 37087
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,285 SF

      Retail Space in Growing Suburb

      Retail space available in Lebanon, TN with high growth potential.
      1350 Hunters Point Pike, Lebanon, TN 37087
      View Details
    • Contact for pricing
      1,340 SF

      Retail Space Near Walmart

      Retail space anchored by Walmart, near Nashville.
      615-623 S Cumberland St, Lebanon, TN 37087
      View Details
    • Contact for pricing
      55,000 SF

      Five Oaks Town Center Retail Space

      Prime Lebanon, TN Retail Opportunity
      3805 Lebanon Rd, Lebanon, TN 37087
      View Details
    • Contact for pricing
      7,570 SF

      Retail Space in Lebanon, TN

      Retail space available in high-traffic Lebanon shopping center.
      1023-1037 W Main St, Lebanon, TN 37087
      View Details
    • $16 SF/Yr
      1,000 SF

      Prime Office Suite, Rachel Drive

      1,000 SF Office, Immediate Occupancy
      1432 Main St, Lebanon, TN 37087
      View Details
    • Contact for pricing

      Lebanon Retail Space For Lease

      149,352 SF shopping center in Lebanon, Tennessee.
      1027 West Main St, Lebanon, TN 37087
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1459 Main St
    Lebanon, TN 37087-3113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.