Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    903 S Hartmann Dr Lebanon, TN 37090

    • Auto shops
    • 39,276 SF
    • 13.62 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2112228
    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

    • Wilson County Chevrolet Service / Auto Repair Shop
    • Wilson County Chevrolet Buick GMC / Chevrolet Dealer / Buick Dealer
    • Wilson County Chevrolet Buick GMC Parts / Auto Body Parts Supplier / Car Accessories Store

    Property Details for 903 S Hartmann Dr

    Year built
    2013
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.62 lot acres
    Property size
    39,276 SF
    Zone code
    CG
    Property type
    Auto shops
    APN
    081 00205
    APU
    8100205

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,936,000
      Market price range: $1.19M - $4.94M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $7,680,000
      Current use
      MEDICAL BUILDING
      $10,030,000
      Change: +31% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.3242
    Latitude
    36.1898
    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
    $94,303
    $1,702,520
    $1,558,640
    $3,261,160
    -
    $4,256,300
    $3,896,600
    $8,152,900

    Comparable in this City

    • Value Estimation
      $645,000
      10,470 SF

      1928 Leeville Pike

      AUTO REPAIR, GARAGE • 10,470 SF
      1928 Leeville Pike, Lebanon, TN 37090-4334
      View Details
    • Value Estimation by Request
      6,000 SF

      6280 Leeville Pike

      AUTO REPAIR, GARAGE • 6,000 SF
      6280 Leeville Pike, Lebanon, TN 37090-8096
      View Details
    • Value Estimation
      $1,650,000
      194,696 SF

      1000 Aubrey Dr

      AUTO REPAIR, GARAGE • 194,696 SF
      1000 Aubrey Dr, Lebanon, TN 37090-5002
      View Details
    • Value Estimation by Request
      1,225 SF

      4421 Murfreesboro Rd

      AUTO REPAIR, GARAGE • 1,225 SF
      4421 Murfreesboro Rd, Lebanon, TN 37090-1300
      View Details
    • Value Estimation by Request
      2,524 SF

      3394 Hwy 109th N

      AUTO REPAIR, GARAGE • 2,524 SF
      3394 Hwy 109th N, Lebanon, TN 37090-1209
      View Details
    • Value Estimation
      $755,000
      14,081 SF

      6016 Leeville Pike

      AUTO REPAIR, GARAGE • 14,081 SF
      6016 Leeville Pike, Lebanon, TN 37090-8083
      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
    • $1,500,000
      5.42 Acres

      Leeville Pike Commercial Land

      Prime 5.42-acre commercial lot, high traffic area.
      0 Hartmann Dr, Lebanon, TN 37090
      View Details
    • Contact for pricing

      Land Opportunity in Lebanon, TN

      Land available for additional development in Lebanon, Tennessee.
      6750 Franklin Rd, Lebanon, TN 37090
      View Details
    • $7,900,000
      9,882 SF

      Lebanon Multi-Use Property For Sale

      38.15 acres in Lebanon's commercial corridor with industrial and residential.
      3762 Murfreesboro Rd, Lebanon, TN 37090
      View Details
    • $6,250,000
      23,080 SF

      High-Traffic Commercial Land For Sale

      3.49 acres of commercial land off exit 238.
      914 Murfreesboro Rd, Lebanon, TN 37090
      View Details
    • $600,000

      Residential Land with Development Potential

      14.25-acre residential land with water tap and soil site.
      1 Bond Rd, Lebanon, TN 37090
      View Details

    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
      108,500 SF

      New Class A Industrial Space

      Class A industrial space, convenient location.
      120 Business Park Dr, Lebanon, TN 37090
      View Details
    • Contact for pricing
      248,400 SF

      Industrial Build-to-Suit Opportunity

      Flexible industrial space in master-planned park, delivery in early 2023.
      2236 Cainsville Rd, Lebanon, TN 37090
      View Details
    • Contact for pricing
      504,400 SF

      Industrial Park Build-to-Suite Opportunity

      Build-to-suite industrial spaces available in master-planned park.
      2318 Cainsville Rd, Lebanon, TN 37090
      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.
    903 S Hartmann Dr
    Lebanon, TN 37090
    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

    Google sign-in failed. Please try again or use another login method.