115 Winwood DrLebanon, TN 37087

Property Details for 115 Winwood Dr

Year built

2005

Lot size

1.63 AC

Property size (Sq ft)

30,105 SF

Property type

Office properties

Property subtype

Other office properties

APN

069 02500

APU

6902500

Description

Winwood Professional Plaza, a Class B medical office building, presents a compelling investment opportunity in Lebanon, Tennessee. This single, two-story building, totaling 28,671 square feet, sits on a 1.6-acre lot at 115 Winwood Drive, conveniently located in Wilson County. Constructed in 2005 and renovated the same year, the property boasts 80 parking spaces and a single elevator. The building is currently multi-tenant, with a total of four suites. Significant space is available, ranging from 1,268 to 6,797 contiguous square feet, totaling 13,727 square feet of vacant space. This presents a unique chance to acquire a substantial portion of a well-maintained building in a thriving medical submarket. The property is zoned CG and benefits from its location near Noah Court. The building's modern design and amenities, combined with its prime location within a growing area, make it an attractive option for healthcare providers seeking established space or expansion opportunities. The building's existing medical tenants demonstrate the strong demand for this type of space in Wilson County. This is an exceptional opportunity to acquire a well-positioned medical office building with immediate occupancy potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,200,701

  6.5%

  $4,800,647

  7%

  $4,457,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,591,438

  Geo Method

  $2,591,438

• Alternative Use

  Use

  Valuation

  Residential

  $5,952,802

  Hospitality

  $5,452,735

  Educational

  $4,536,612

  Medical

  $4,692,632

  Retail

  $7,056,952

Location Insight

City

Lebanon

County

Wilson

State

Tennessee

Latitude

36.2155

Longitude

-86.3357

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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