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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Hotels
1151 Jefferson Ave Cookeville, TN 38506-4220
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3227551
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,630 SF
Lot
2.41 ac (104,980 SF)
APN
071066 08500
UPID
US80-3227551
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
-
Country Inn & Suites by Radisson, Cookeville, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.66M
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.90M
Owner & transaction history
Shyam-ghanshyam Cookeville LLC · 11 yrs held
Shyam-ghanshyam Cookeville LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.2M
+44.0%
Restaurant
$5.7M
+31.8%
Retail stores
$5.3M
+22.0%
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%
$6,125,000
6.5%
$5,655,000
7%
$5,250,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,320,000
Current use
COMMERCIAL (GENERAL)
$6,220,000
Change: +44% · Conversion: Difficult
RESTAURANT
$5,690,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$5,270,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$5,180,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,175,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±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
$83 / 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
$74,109
Tax year 2022
Assessed value
$2,383,640
Assessed 2023
Previous assessed
$2,251,160
+5.9% YoY
Effective rate
3.11%
On assessed value
Assessed land
$251,600
Assessed improvement
$2,132,040
Land market value
$629,000
Improvement market value
$5,330,100
Total market value
$5,959,100
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
104
Total area
58,630 SF
Lot
2.41 ac (104,980 SF)
APN
071066 08500
UPID
US80-3227551
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RESTAURANT
Est. value
$5.7M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
104
Lot
2.41 ac
Current owner
From public records · entity-resolved
Shyam-ghanshyam Cookeville LLC
Entity
Free & Clear · 11 yrs held
Mailing address
5613 CLOVERLAND PARK DR, BRENTWOOD, TN 37027-1735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Shyam Ghanshyam Cookeville LLC
—
Deed
related
$495,000 · The German American Bank
Oct 2, 2014
$6,150,000
Shyam-ghanshyam Cookeville LLC
Shah,ashok & Diplip
Grant Deed
—
Oct 2, 2014
—
Ashok Shah
Padmavati Hospitality LLC
Quit Claim Deed
related
—
May 30, 2008
$5,850,000
Padmavati Hospitality LLC
Charles W Hand Inv Props LLC
Grant Deed
$5,200,000 · Branch Banking & Trust Co
May 7, 1998
$475,000
Charles W Famil Ptn Hand
—
Grant Deed
related
—
Mar 12, 1998
$20,000
Estes Williams
—
Grant Deed
related
—
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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