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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Hotels
1131 Jefferson Ave Cookeville, TN 38506-4220
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US80-0926318
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
FRAME
Total area
35,454 SF
Lot
1.64 ac (71,438 SF)
Zoning code
C3
APN
071066 08401
UPID
US80-0926318
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
La Quinta Inn & Suites by Wyndham Cookeville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.14M
Owner & transaction history
An Hotel Group LLC
An Hotel Group LLC
since 2026
7 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+31.8%
Retail stores
$3.2M
+22.0%
Medical building
$3.1M
+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
$2,610,000
Current use
RESTAURANT
$3,440,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$3,190,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$3,130,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,130,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±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
$60 / 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
$51,166
Tax year 2022
Assessed value
$1,360,000
Assessed 2023
Previous assessed
$1,554,240
-12.5% YoY
Effective rate
3.76%
On assessed value
Assessed land
$228,400
Assessed improvement
$1,131,600
Land market value
$571,000
Improvement market value
$2,829,000
Total market value
$3,400,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
65
Total area
35,454 SF
Lot
1.64 ac (71,438 SF)
Zoning code
C3
APN
071066 08401
UPID
US80-0926318
Jurisdiction
PUTNAM
Zoning & alternative use
C3 · Cookeville, TN
Zoning C3 · permitted uses
C3 · 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
$2.6M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
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
1999
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
65
Lot
1.64 ac
Current owner
From public records · entity-resolved
An Hotel Group LLC
Entity
Mailing address
1718 BLAIRMONT DR, LEBANON, TN 37087-3041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
$5,600,000
An Hotel Group LLC
Shakti Motel LLC
Warranty Deed
$4,704,000 · Peoples Bank
Sep 16, 2019
$1,125
State Of Tennessee
Shakti Motel LLC
Warranty Deed
related
—
Jan 23, 2012
—
Shakti Motel LLC
—
Trustees Deed
related
$100,000 · Smith County Bank
Sep 5, 1995
$410,000
Vijay Patel
—
Grant Deed
related
—
Jun 12, 1995
$180,000
Jai Shri Ram INC
Hari,vasant G
Grant Deed
—
May 8, 1995
$140,000
Vasant G Hari
—
Grant Deed
related
—
Jul 28, 1989
$400,000
Vasant G Hari
Unknown
Grant Deed
—
—
—
Shakti Motel LLC
—
Deed Of Trust
related
$3,000,000 · Smith County Bank
—
—
Shakti Motel LLC
—
Deed Of Trust
related
$2,000,000 · Smith County 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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