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

    1 Century Blvd Nashville, TN 37214-3650

    • Hotels
    • 59,485 SF
    • 3.04 lot acres
    OFF-MARKET
    Last Sale
    Oct 10, 2024
    $20,962,500
    Value Estimations
    $20,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1499263
    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

    • Science center / Museum
    • Wingate by Wyndham Nashville Airport / Hotel & Motel
    • Hampton Inn by Hilton Nashville Airport Century Place / Hotel & Motel

    Property Details for 1 Century Blvd

    Year built
    2018
    Lot size
    3.04 lot acres
    Property size
    59,485 SF
    Zone code
    ORI
    Property type
    Hotels
    Property subtype
    Motels
    APN
    107-00-0-063-00
    APU
    10700006300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,965,000
      ML approach
      $20,965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,613,000
      Market price range: $8.34M - $25.8M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $17,615,000
      Current use
      COMMERCIAL (GENERAL)
      $29,855,000
      Change: +69% Conversion: Difficult
      RESTAURANT
      $29,370,000
      Change: +67% Conversion: Difficult
      RETAIL STORES
      $27,510,000
      Change: +56% Conversion: Difficult
      MEDICAL BUILDING
      $20,760,000
      Change: +18% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $17,220,000
      Change: -2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $14,630,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6857
    Latitude
    36.1445
    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
    $111,754
    $450,240
    $2,984,114
    $3,434,354
    -
    $1,125,600
    $7,460,286
    $8,585,886

    Comparable in this City

    • Value Estimation
      $1,770,000
      59,102 SF

      800 Royal Pkwy

      HOTEL/MOTEL • 59,102 SF
      800 Royal Pkwy, Nashville, TN 37214-3747
      View Details
    • Value Estimation
      $1,300,000
      41,781 SF

      2615 Elm Hl Pike

      HOTEL/MOTEL • 41,781 SF
      2615 Elm Hl Pike, Nashville, TN 37214-3107
      View Details
    • Value Estimation
      $7,390,000
      36,777 SF

      2511 Elm Hl Pike

      HOTEL/MOTEL • 36,777 SF
      2511 Elm Hl Pike, Nashville, TN 37214-3105
      View Details
    • Value Estimation by Request
      67,954 SF

      412 Royal Pkwy

      HOTEL/MOTEL • 67,954 SF
      412 Royal Pkwy, Nashville, TN 37214-3636
      View Details
    • Value Estimation
      $1,370,000
      44,795 SF

      40 Rachel Dr

      HOTEL/MOTEL • 44,795 SF
      40 Rachel Dr, Nashville, TN 37214-3609
      View Details
    • Value Estimation
      $9,045,000
      344,310 SF

      777 Mcgavock Pike

      HOTEL/MOTEL • 344,310 SF
      777 Mcgavock Pike, Nashville, TN 37214-3140
      View Details

    Similar Nearby for Sale

    • $1,995,000
      5.08 Acres

      Nashville Residential Land - 5 Acres

      Prime Nashville development land, 5 acres, R-10 zoning.
      0 Lakeland Dr, Nashville, TN 37214
      View Details
    • $429,000
      0.43 Acres

      0.43 Acres Stunning Piece of Land

      0.43 Acres Stunning Piece of Land
      2197 Pennington Bend Rd, Nashville, TN 37214
      View Details
    • $225,000
      0.25 Acres

      0.25 Acres Amazing Lot!

      0.25 Acres Amazing Lot!
      3580 Bell Rd, Nashville, TN 37214
      View Details
    • $2,250,000
      3,848 SF

      Retail Property on Lebanon Pike

      Retail property available for sale on Lebanon Pike.
      3169 Lebanon Pike, Nashville, TN 37214
      View Details
    • $295,000

      Donelson Pike Specialty Property For Sale

      Specialty property available for purchase on Donelson Pike.
      211 Donelson Pike, Nashville, TN 37214
      View Details
    • $400,000
      1.45 Acres

      Rare Nashville Development Opportunity

      Rare Nashville Development Opportunity
      0 Music Valley Drive, Nashville, TN 37214
      View Details

    Similar Nearby for Lease

    • $71 SF/Yr
      11,990 SF

      Nashville Executive Office Suites

      Prestigious Nashville office space, flexible options
      555 Marriott Dr, Nashville, TN 37214
      View Details
    • Contact for pricing

      Revitalized Shopping Complex with Apartments

      Multi-tenant shopping complex with retail and residential units in Donelson.
      2710 Old Lebanon Rd, Nashville, TN 37214
      View Details
    • $24 SF/Yr
      1,400 SF

      Retail Space on Donelson Pike

      Retail space available for lease on Donelson Pike.
      450 Donelson Pike, Nashville, TN 37214
      View Details
    • $20 SF/Yr
      2,400 SF

      Retail Space on Elm Hill

      Retail space available for lease on Elm Hill Pike.
      2828 Elm Hill Pike, Nashville, TN 37214
      View Details
    • $18 SF/Yr
      1,000 SF

      Office Space Near Nashville Airport

      Well-maintained office park with suites from 1,000-3,000 SF.
      2601-2605 Elm Hill Pike, Nashville, TN 37214
      View Details
    • $32 SF/Yr
      7,637 SF

      Remodeled Office Space Near Airport

      Office space with modern amenities, convenient airport access.
      535 Marriott Dr, Nashville, TN 37214
      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.
    1 Century Blvd
    Nashville, TN 37214-3650
    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.