1004 Cumberland Ctr Blvd Lebanon, TN 37087-4763
Property profile & analytics
1004 Cumberland Ctr Blvd, Lebanon, TN 37087-4763
- Hotels
- 30,908 SF
- 1.72 lot acres
Property ID
US80-2445288
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.
Location Intelligence
Current Use by Public Records
- My Place Hotel-Nashville/Lebanon, TN / Hotel & Motel
Property Details for 1004 Cumberland Ctr Blvd
- Year built
- 2017
- Construction
- FRAME
- Lot size
- 1.72 lot acres
- Zone code
- B4
- Property type
- Hotels
- APN
- 081E A 00300
- APU
- 081EA00300
Description
This 63-key My Place Hotel in Lebanon, TN, presents a compelling value-add opportunity. Built in 2017 on a 1.72-acre lot, this four-story, 30,328 square foot hotel boasts a projected NOI of $650,418 and a pro-forma revenue of $1.648 million at an 88% RevPAR index. The property is priced below replacement cost, offering significant equity upside. Strategically located at the intersection of I-40 and Highway 231, it benefits from high visibility and over 40,000 vehicles passing daily. The strong market fundamentals are driven by increasing demand from corporate headquarters, leisure attractions, and sporting events. The My Place Hotels brand is rapidly expanding, appealing to both extended-stay and short-term travelers. Its location offers easy access to both Nashville's vibrant attractions and Lebanon's peaceful atmosphere, catering to a diverse range of guests. The property is zoned B4 and features rooms with full kitchens. This presents a unique chance to capitalize on a growing market with a well-positioned asset. The asking price is $5,800,000. The property's address is 1004 Cumberland Center Blvd, Lebanon, TN 37087. Wilson County APN: 081E-A-003.00.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,750,000
- ML approach
- $6,905,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,220,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Wilson
- State
- Tennessee
- Longitude
- -86.2961
- Latitude
- 36.1833
- 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
$47,781
$170,000
$1,482,360
$1,652,360
-
$425,000
$3,705,900
$4,130,900
