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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Motels
1100 Jefferson Ave Cookeville, TN 38506-4297
Individually Owned
15-yr Hold
Free & Clear
Property ID
US80-0313642
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Total area
18,956 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
071066 09700
UPID
US80-0313642
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
-
Motel 6 Cookeville, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.12M
Owner & transaction history
Pamela W Clarkson · 15 yrs held
Pamela W Clarkson
since 2011
5 recorded transactions
Zoning & alternative use
C-3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+31.8%
Retail stores
$1.7M
+22.0%
Medical building
$1.7M
+19.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,395,000
Current use
RESTAURANT
$1,840,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,705,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,675,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,675,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10%
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
$59 / 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
$22,595
Tax year 2022
Assessed value
$630,000
Assessed 2023
Previous assessed
$686,360
-8.2% YoY
Effective rate
3.59%
On assessed value
Assessed land
$285,000
Assessed improvement
$345,000
Land market value
$712,500
Improvement market value
$862,500
Total market value
$1,575,000
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
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
71
Total area
18,956 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
071066 09700
UPID
US80-0313642
Jurisdiction
PUTNAM
Zoning & alternative use
C-3 · Cookeville, TN
Zoning C-3 · permitted uses
C-3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
HOTEL/MOTEL Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
71
Lot
2 ac
Current owner
From public records · entity-resolved
Pamela W Clarkson
Individual
Free & Clear · 15 yrs held
Mailing address
1100 S JEFFERSON AVE, COOKEVILLE, TN 38506-4297
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2011
—
Pamela W Clarkson
Patel,mohanlal
Warranty Deed
related
—
Dec 9, 2004
—
Mohanlal Patel
—
Trustees Deed
related
$50,000 · Carol Wood
Jan 10, 2002
$1,165,000
Mohanlal Patel
Interstate,hospi
Grant Deed
—
Jan 4, 1999
$582,500
Interstate,hospitality
Patel,nunubhai E
Trustees Deed
—
—
—
Mohanial Patel
—
Deed Of Trust
related
$1,200,000 · Bank Of Putnam County
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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