Lebanon, TN
Commercial Real Estate Market Trends & Data

$580 Avg asking sale price
$23 Avg asking lease rate
81,665 SF Avg unit lease size
31,604 SF Avg building size for sale
5.55% Average cap rate

Lebanon's Demographic Profile

Lebanon has 19,926 households and a median income of $65,197, providing context for rent absorption and tenant demand across retail and multifamily assets. A +19% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 52,220
# Households 19,926
Median age 39
Median household income $65,197
Avg household size 3.0
Renter-occupied housing units 7,897
5-year population change +19%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lebanon, TN

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lebanon $689 13,969 SF 5.54%
Mount Juliet $305 11,677 SF 5.54%
Nearby Retail Markets Avg Cost/SF Typical Size
Lebanon $573 35,568 SF
Mount Juliet $628 10,285 SF
Castalian Springs $107 30,625 SF
Hartsville $116 21,656 SF
Gallatin $445 10,568 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lebanon $194 15,522 SF 6.08%
Hermitage $246 12,600 SF 6.01%
Old Hickory $153 6,750 SF 6.01%
La Vergne $283 42,000 SF 7.00%
Cane Ridge $364 19,867 SF 8.06%

Commercial Properties For Sale in Lebanon

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

639 S Cumberland St

Lebanon, TN 37087

  • 4,500 SF Retail Building
  • 6.41% Cap Rate
  • $3,000,000
For Sale

6978 Lebanon Rd

Mount Juliet, TN 37122

  • 17,850 SF Flex Building
  • 5.54% Cap Rate
  • $3,695,000
For Sale

For Sale - Adaptive-Use Assembly Campus

Lebanon, TN 37087

  • 27,720 SF Specialty
  • $4,995,000
For Sale

121Hartmann.com | $500,000 price reduction

Lebanon, TN 37087

  • 3.37 AC Lot
  • 1 Commercial Lot
  • $2,200,000
For Sale

0 Vine Court

Lebanon, TN 37087

  • 1.40 AC Lot
  • 1 Residential Income Lot
  • $529,900
For Sale

The Reserve at Lebanon

Lebanon, TN 37087

  • 29,470 SF Multifamily
  • 6.08% Cap Rate
  • $5,725,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lebanon pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lebanon $818 31,604 SF
Mount Juliet $703 6,969 SF
Castalian Springs $107 30,625 SF

Regional Demographic Comparison

This comparison places Lebanon alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lebanon or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lebanon 52,220 19,926 39 $65,197 3 7,897 19%
Watertown 1,675 612 41 $61,332 3 142 15%
Mount Juliet 37,063 13,602 40 $101,142 3 3,544 16%
Castalian Springs 765 294 45 $75,862 3 36 9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lebanon, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lebanon

View All Commercial Real Estate For Sale in Lebanon
Is Lebanon a good market for a first-time commercial real estate investor?

Lebanon offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lebanon?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lebanon. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lebanon?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lebanon. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lebanon compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lebanon. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lebanon acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lebanon, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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