Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    713 Main St Lebanon, TN 37087-2876
    Back to Search
    Property profile & analytics

    713 Main St, Lebanon, TN 37087-2876

    View on Map
    • Warehouses
    • 27,200 SF
    • 1.20 lot acres
    Off-Market
    Last Sale Oct 29, 2021
    $174,000
    Property ID
    US80-1794624
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 713 Main St

    Year built
    1955
    Lot size
    1.20 lot acres
    Property type
    Warehouses
    APN
    067H B 00200
    APU
    067HB00200

    Description

    This exceptional mixed-use property, located at 713 E Main St, Lebanon, TN 37087, presents a compelling investment opportunity. Situated on 1.75 to 1.85 acres of land in Wilson County, this vacant property boasts a total of 27,668 square feet, encompassing retail, office, and warehouse space. The warehouse area, totaling nearly 24,000 square feet, features four loading docks and two dock-high doors, catering to efficient logistics. Ceiling heights vary, offering flexibility with 18', 14', and 12' options. The existing 3,800+ square feet of office/retail space provides additional versatility. Built in 1973 and extensively renovated in 2023, the property is zoned CG and benefits from a strategic location less than two miles from I-65, providing easy access to downtown Nashville (40-minute drive) and Nashville International Airport (30-minute drive). The asking price is $3,690,000, translating to $133.37 per square foot. Given the limited supply of comparable industrial space under 30,000 square feet in the area, this property represents a unique owner-user opportunity with significant potential for high return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.278
    Latitude
    36.2096
    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
    $4,475
    $32,120
    $122,640
    $154,760
    -
    $80,300
    $306,600
    $386,900

    Comparable in this City

    • Value Estimation by Request
      2,376 SF

      230 Woolard St

      WAREHOUSE, STORAGE
      230 Woolard St, Lebanon, TN 37087-3940
      View Details
    • Value Estimation by Request
      4,800 SF

      104 Forrest Ave

      WAREHOUSE, STORAGE
      104 Forrest Ave, Lebanon, TN 37087-2316
      View Details
    • Value Estimation by Request
      5,836 SF

      101 Jennings Ave

      WAREHOUSE, STORAGE
      101 Jennings Ave, Lebanon, TN 37087-4115
      View Details
    • Value Estimation by Request
      4,914 SF

      807 Carthage Hwy

      WAREHOUSE, STORAGE
      807 Carthage Hwy, Lebanon, TN 37087-4612
      View Details
    • Value Estimation by Request
      3,658 SF

      204 Maple St

      WAREHOUSE, STORAGE
      204 Maple St, Lebanon, TN 37087-2704
      View Details
    • Value Estimation by Request
      8,008 SF

      319 Main St

      WAREHOUSE, STORAGE
      319 Main St, Lebanon, TN 37087-2827
      View Details

    Similar Nearby for Sale

    • $4,500,000
      36,800 SF

      Functional Industrial Building with Yard

      36,800 SF industrial building with office and yard space.
      314 Babb Dr, Lebanon, TN 37087
      View Details
    • Contact for pricing
      2,248 SF

      IOS Land with Flex Building

      5.46 acres of IOS land with 2,248 SF flex building.
      803 Carthage Hwy, Lebanon, TN 37087
      View Details
    • Contact for pricing
      36,800 SF

      Industrial Building with Outdoor Storage

      36,800 SF industrial building suitable for warehousing and manufacturing.
      314 Babb Dr, Lebanon, TN 37087
      View Details
    • Contact for pricing
      26,837 SF

      Industrial Outdoor Storage Investment Opportunity

      Premier industrial property with Fortune 500 tenant and new lease.
      312 Babb Dr, Lebanon, TN 37087
      View Details
    • Contact for pricing
      2,563 SF

      Industrial Building Near Interstate 40

      2,563 sq ft industrial building on 0.53 acre lot.
      802 Tennessee Blvd, Lebanon, TN 37087
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,500 SF

      Lebanon Warehouse with Office Space

      52,500 SF warehouse with 2,250 SF office space.
      704 Briskin Ln, Lebanon, TN 37087
      View Details
    • Contact for pricing
      314,178 SF

      Industrial Property in Lebanon, TN

      314,178 square foot industrial property available for rent.
      887 Old Laguardo Rd East, Lebanon, TN 37087
      View Details
    • $2,800 /Mo

      Retail Space on Town Square

      Retail space for rent in Lebanon, Tennessee.
      101B Public Sq, Lebanon, TN 37087
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Multiple parcels available for sale or ground lease.
      3805 Lebanon Rd, Lebanon, TN 37087
      View Details
    • 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
    • $2,000 /Mo

      Corner Commercial Property for Rent

      Commercial property for rent located on the corner.
      204 E 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.
    713 Main St
    Lebanon, TN 37087-2876
    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

    Thank You for Inquiry
    713 Main St, Lebanon, TN, 37087
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!