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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Hotels
1045 Interstate Dr Cookeville, TN 38501-4132
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1042323
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,698 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C3
APN
071066 05302
UPID
US80-1042323
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Comfort Inn & Suites Cookeville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.01M
Owner & transaction history
Jay Ram Eagle LLC · 3 yrs held
Jay Ram Eagle LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Supplemental Regulations
Top alternative use upside
Retail stores
$3.6M
+46.1%
Commercial (general)
$3.5M
+42.5%
Restaurant
$3.3M
+33.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,860,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,250,000
7%
$3,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,625,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,540,000
Change: +43% · Conversion: Difficult
RESTAURANT
$3,305,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$3,130,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±10% · vs last sale $5.00M (Nov 22 2022)
Last sale anchor
$5.00M
Nov 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$40,568
Tax year 2022
Assessed value
$1,651,440
Assessed 2023
Previous assessed
$1,232,320
+34.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$336,280
Assessed improvement
$1,315,160
Land market value
$840,700
Improvement market value
$3,287,900
Total market value
$4,128,600
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
118
Total area
33,698 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C3
APN
071066 05302
UPID
US80-1042323
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TNZoning C3 · permitted uses
C3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Supplemental Regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
118
Lot
1.93 ac
Current owner
From public records · entity-resolved
Jay Ram Eagle LLC
Entity
Mailing address
1045 INTERSTATE DR, COOKEVILLE, TN 38501-4132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$5,000,000
Jay Ram Eagle LLC
Hariohm Partnership
Warranty Deed
$4,000,000 · One Bank Of Tennessee
Sep 11, 2020
—
Hariohm Ptshp
Hariohm Ptshp
Quit Claim Deed
related
—
Nov 16, 2018
—
Hariohm Ptshp
—
Deed
related
$5,000,000 · Progressive Svgs Bk
Oct 3, 2013
—
Hariohm Ptshp
—
Trustees Deed
related
$304,850 · Progressive Savings Bank
Sep 7, 2001
—
Hariohm Partnership
Hariohm LP
Quit Claim Deed
related
—
Aug 21, 1997
—
L P Hariohm
—
Deed Of Trust
related
—
Mar 17, 1995
$375,000
Nanubhai Patel
Patel,nanubhai E
Grant Deed
related
—
Aug 6, 1992
$300,000
Vasant G Hari
Unknown
Grant Deed
—
—
—
Hariohm Ptshp
—
Deed Of Trust
related
$5,000,000 · Progressive Svgs Bk
—
—
Hariohm Ptshp
—
Deed Of Trust
related
$306,700 · Progressive Svgs Bk
—
—
Hariohm Ptshp
—
Deed Of Trust
related
$1,000,000 · Citizens Federal Bank Fsb
—
—
Hariohm Ptshp
—
Deed Of Trust
related
$4,400,000 · Progressive Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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