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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Motels
116 Broadway Ave New Johnsonville, TN 37134-2165
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1850239
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1950
Total area
7,584 SF
Lot
2.33 ac (101,495 SF)
APN
043091H A 00100
UPID
US80-1850239
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
-
New Johnsonville Boat Ramp Boat Ramp
-
Anchor Inn Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Mh Hospitality Nj LLC · 1 yrs held
Mh Hospitality Nj LLC
since 2024
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Johnsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Johnsonville 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$785,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$680,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$675,000
Change: 0% · Conversion: Difficult
RESTAURANT
$610,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Oct 3 2024)
Last sale anchor
$750k
Oct 3 2024
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
$99 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,416
Tax year 2023
Assessed value
$178,560
Assessed 2023
Previous assessed
$151,880
+17.6% YoY
Effective rate
2.47%
On assessed value
Assessed land
$32,400
Assessed improvement
$146,160
Land market value
$81,000
Improvement market value
$365,400
Total market value
$446,400
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1950
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
43
Total area
7,584 SF
Lot
2.33 ac (101,495 SF)
APN
043091H A 00100
UPID
US80-1850239
Jurisdiction
HUMPHREYS
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
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RESTAURANT
Est. value
$610,000
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
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
1950
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
43
Lot
2.33 ac
Current owner
From public records · entity-resolved
Mh Hospitality Nj LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1414 HWY 70TH E, DICKSON, TN 37055-2220
Ownership since
2024
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
Oct 3, 2024
$750,000
Mh Hospitality Nj LLC
Mahendra Modi
Warranty Deed
—
Jun 26, 2020
—
Mahendra D Modi
—
Deed
related
$787,174 · Bank Of Perry Cnty
Sep 22, 2011
$335,000
Mahendra Modi
Manoj Morar
Warranty Deed
$531,192 · Bank Of Perry County
May 24, 2011
—
Manoje Morar
Morar,kikoobhai & Manoj
Quit Claim Deed
related
—
Mar 2, 1994
$555,000
Kikoobhai Etal Morar
Unknown
Grant Deed
—
—
—
Mahendra D Modi
—
Deed Of Trust
related
$787,174 · Bank Of Perry Cnty
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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