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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 Hwy 109th N Lebanon, TN 37090-1256

    • Grocery and convenience stores
    • 4,632 SF
    • 4.78 lot acres
    OFF-MARKET
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2720477
    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

    • LibertyX Bitcoin ATM / Atm

    Property Details for 450 Hwy 109th N

    Year built
    2014
    Lot size
    4.78 lot acres
    Property size
    4,632 SF
    Zone code
    M4
    Property type
    Grocery and convenience stores
    APN
    079 04301
    APU
    7904301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $919,000
      Market price range: $330k - $919k
      AI Estimate
      $768,000
      Market price range: $145k - $769k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $540,000
      Current use
      MEDICAL BUILDING
      $1,185,000
      Change: +120% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $905,000
      Change: +68% Conversion: Difficult
      WAREHOUSE, STORAGE
      $470,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.412
    Latitude
    36.1919
    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
    $23,796
    $502,080
    $415,120
    $917,200
    -
    $1,255,200
    $1,037,800
    $2,293,000

    Comparable in this City

    • Value Estimation
      $1,035,000
      5,134 SF

      911 Hartmann Dr

      GROCERY, SUPERMARKET • 5,134 SF
      911 Hartmann Dr, Lebanon, TN 37090-4048
      View Details
    • Value Estimation
      $2,125,000
      5,590 SF

      3450 Hwy 109th N

      GROCERY, SUPERMARKET • 5,590 SF
      3450 Hwy 109th N, Lebanon, TN 37090-1210
      View Details
    • Value Estimation
      $630,000
      3,870 SF

      243 Hwy 109th N

      GROCERY, SUPERMARKET • 3,870 SF
      243 Hwy 109th N, Lebanon, TN 37090-1226
      View Details
    • Value Estimation by Request
      8,838 SF

      1215 Sparta Pike

      GROCERY, SUPERMARKET • 8,838 SF
      1215 Sparta Pike, Lebanon, TN 37090-5010
      View Details
    • Value Estimation
      $970,000
      4,632 SF

      1135 Murfreesboro Rd

      GROCERY, SUPERMARKET • 4,632 SF
      1135 Murfreesboro Rd, Lebanon, TN 37090-5356
      View Details
    • Value Estimation by Request
      1,312 SF

      320 Hwy 109th N

      GROCERY, SUPERMARKET • 1,312 SF
      320 Hwy 109th N, Lebanon, TN 37090-1201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,950 SF

      Established Restaurant for Sale

      Restaurant established in 2007, operating 7 days a week.
      6750 Eastgate Blvd, Lebanon, TN 37090
      View Details
    • $379,900
      1.18 Acres

      Prime Lebanon Commercial Land

      1.18 Acres, Hwy 109/70 Area
      0 Powell Grove Rd, Lebanon, TN 37090
      View Details
    • $318,000

      3.3 Acres Land on Callis Rd

      Two lots totaling 3.3 acres with road frontage.
      3524 Callis Rd, Lebanon, TN 37090
      View Details
    • $450,000

      2.8 Acre Lot with Frontage

      Level 2.8 acre lot with commercial potential near I-840.
      3303 Murfreesboro Rd, Lebanon, TN 37090
      View Details
    • $24,900,000

      Large Farm with Luxury Home

      1397-acre farm with custom home, pastures, and hunting land.
      6180 SE Tater Peeler Rd, Lebanon, TN 37090
      View Details
    • $325,000

      8.29 Acres Ready for Development

      8.29 acres of flat, usable land with utilities.
      5252 Simmons Bluff Rd, Lebanon, TN 37090
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    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Restaurant Space with Drive-Through Potential

      Commercial space suitable for a quick service restaurant.
      19680 Murfreesboro Rd, Lebanon, TN 37090
      View Details
    • Contact for pricing
      8,892 SF

      Retail Space Near I-40

      Retail space for lease in rapidly growing Lebanon, Tennessee.
      903 S Hartmann Dr, Lebanon, TN 37090
      View Details
    • Contact for pricing
      13,785 SF

      Retail/Restaurant Space Near I-40

      Versatile retail or restaurant space in rapidly growing Lebanon, TN.
      6360 Leeville Pike, Lebanon, TN 37090
      View Details
    • Contact for pricing
      2,015,158 SF

      Earhart Industrial Park: Lebanon, TN

      Class A Warehouse Space Available
      109 At Cedar Crk Ln, Lebanon, TN 37090
      View Details
    • Contact for pricing
      100,572 SF

      Lebanon Industrial Sublease Opportunity

      ±50,184 SF Warehouse Space Available
      45 Genesco Pkwy, Lebanon, TN 37090
      View Details
    • Contact for pricing
      40,500 SF

      Lebanon Warehouse Space Available

      40,500 SF warehouse space with spec office for lease.
      3301 Highway 109 N, Lebanon, TN 37090
      View Details
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    450 Hwy 109th N
    Lebanon, TN 37090-1256
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    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
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