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Property profile & analytics
OFF-MARKET
Estimated value
$8,545,000
Retail properties & Spaces
1703 Main St Lebanon, TN 37087-3186
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1216317
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,911 SF
Lot
8.85 ac (385,506 SF)
Zoning code
B4
APN
057 05600
UPID
US80-1216317
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
-
higi Physician
-
Publix Pharmacy at Lebanon Center Pharmacy
-
Jason A. Hicks, Pharm Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Publix Super Market at Lebanon Center Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.19M
Blend (final)
Blend
$8.55M
Owner & transaction history
Prd Owner LLC · 7 yrs held
Prd Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
B4 · Lebanon, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.7M
+133.4%
Commercial (general)
$10.9M
+100.4%
Auto repair, garage
$9.8M
+78.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,460,000
Current use
MEDICAL BUILDING
$12,745,000
Change: +133% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,940,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,760,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$8.55M
Range $7.69M – $9.40M · ±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
$171 / 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
$82,121
Tax year 2023
Assessed value
$2,839,880
Assessed 2023
Previous assessed
$2,839,880
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$1,109,800
Assessed improvement
$1,730,080
Land market value
$2,774,500
Improvement market value
$4,325,200
Total market value
$7,099,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
13
Total area
49,911 SF
Lot
8.85 ac (385,506 SF)
Zoning code
B4
APN
057 05600
UPID
US80-1216317
Jurisdiction
WILSON
Zoning & alternative use
B4 · Lebanon, TN
Zoning B4 · permitted uses
B4 · Lebanon, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$9.8M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
13
Lot
8.85 ac
Current owner
From public records · entity-resolved
Prd Owner LLC
Entity
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2018
—
Prd Owner LLC
Professional Resource Dev INC
Quit Claim Deed
related
$180,500,000 · Ubs Ag
Aug 23, 2017
—
Psm Tennessee Holdings LLC
Real Sub LLC
Quit Claim Deed
related
—
Sep 2, 2014
$10,900,000
Real Sub LLC
Regency Rlty Grp INC
Grant Deed
—
Aug 28, 2009
—
Regency Realty Group INC
Burchett,byron G & Marilyn
Quit Claim Deed
related
—
Jun 11, 2009
$650,000
Us Community Cu
Regency Realty Group INC
Grant Deed
related
—
Apr 20, 2006
$2,500,000
Regency Realty Group INC
Burchett,glenn B
Warranty Deed
—
Mar 20, 2006
—
Glenn B Burchett
Burchett,marilyn F
Quit Claim Deed
related
—
Aug 9, 1995
—
Glenn B Burchett
—
Deed Of Trust
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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