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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Office Spaces
405 Maple St 397 Lebanon, TN 37087-4125
Individually Owned
Free & Clear
Property ID
US80-3012807
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1938
Total area
20,247 SF
Lot
1.74 ac (75,794 SF)
Zoning code
CS
APN
068L G 01303
UPID
US80-3012807
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$3.60M
Owner & transaction history
CUMBERLAND UNIVERSITY
CUMBERLAND UNIVERSITY
Zoning & alternative use
CS · Lebanon, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
c, Institutional o B. UC - University/Campus o C. TOD - Transit Oriented Development o D. DXU - Downtown Mixed Use o E. CXU - Commercial Mixed Use 14.305. Commercial District Regulations o A. COM-Office and Medical o B. CS - Suburban Commercial o C. CI - Interchange Commercial o D. CF - State and County Fair 14.306. Industrial District Regulations o A. IP -…
Zone name
Suburban Commercial
General category
MIXED_USE
Zone area
1,219.01 ac
Top alternative use upside
Medical building
$5.2M
+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
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
COMMERCIAL (GENERAL)
$4,440,000
Current use
MEDICAL BUILDING
$5,170,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,960,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±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
$178 / 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
Land market value
$81,500
Improvement market value
$803,000
Total market value
$884,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1938
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
20,247 SF
Lot
1.74 ac (75,794 SF)
Zoning code
CS
APN
068L G 01303
UPID
US80-3012807
Jurisdiction
WILSON
Zoning & alternative use
CS · Lebanon, TNZoning CS · permitted uses
CS · Lebanon, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
c, Institutional o B. UC - University/Campus o C. TOD - Transit Oriented Development o D. DXU - Downtown Mixed Use o E. CXU - Commercial Mixed Use 14.305. Commercial District Regulations o A. COM-Office and Medical o B. CS - Suburban Commercial o C. CI - Interchange Commercial o D. CF - State and County Fair 14.306. Industrial District Regulations o A. IP - Planned Business Industrial o B. IL - Light Industrial o C. IH - Heavy Industrial
Zone name
Suburban Commercial
General category
MIXED_USE
Zone area
1,219.01 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.0M
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
1938
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
CUMBERLAND UNIVERSITY
Individual
Free & Clear · 0 yrs held
Mailing address
1 CUMBERLAND SQ, LEBANON, TN 37087-3408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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