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Property profile & analytics
OFF-MARKET Estimated value $940,000
Office Spaces

1515 Main St Lebanon, TN 37087-3115

3,392 SF 0.49 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-0080093
Property summary
AI-generated overview

This exceptional 2,663 square foot retail property, situated on a 0.51-acre lot at 1515 W Main St in Lebanon, TN, presents a lucrative investment opportunity. The property boasts a thriving location within a rapidly expanding commercial corridor, experiencing significant growth with the recent arrival of national retail chains such as Starbucks and Tim Hortons. Its strategic position directly across from a new multifamily development ensures high visibility and consistent foot traffic. The versatile space includes a 1,426 square foot office area, featuring three private offices, a bathroom, and a kitchen, all equipped with central HVAC. Additionally, a 1,237 square foot shop/garage area offers three bays, vehicle lifts, an air compressor, and a gas heater, making it ideal for various uses. The property is zoned CG, providing flexibility for a range of commercial ventures. This prime location, combined with the property's diverse and well-maintained features, makes it an exceptional investment opportunity in a booming market. All showings must be scheduled in advance. Interior photos are available upon request. The asking price is $949,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1998
Total area 3,392 SF
Lot 0.49 ac (21,344 SF)
APN 057 07304
UPID US80-0080093
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
  • Gray's Auto Unlimited LLC Car Dealership
  • Action Auto Center Car Dealership
  • RCF Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
$665k
Comparable Approach Comparable
$780k
Blend (final) Blend
$940k
Owner & transaction history
Baird Real Estate Holdings LLC · 1 yrs held
Baird Real Estate Holdings LLC
since 2025
Last sale
$925,000
7 recorded transactions
2025
$925,000
2021
Price N/A
2015
$340,000
2013
Price N/A
2007
$250,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $865,000 +16.5%
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