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Property profile & analytics
OFF-MARKET
Estimated value
$11,800,000
Hotels
120 Cartwright Ct Goodlettsville, TN 37072-1824
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3144956
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Total area
74,444 SF
Lot
2.58 ac (112,385 SF)
Zoning code
6ZZ
APN
026-01-0-134-00
UPID
US80-3144956
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
-
Scentsy with Clifton Odell Chemical Plant Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.32M
CAP Approach
CAP
$12.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.80M
Owner & transaction history
Shyam Ghanshyam Nashville LLC · 4 yrs held
Shyam Ghanshyam Nashville LLC
since 2022
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
6ZZ · Goodlettsville, TN
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 Goodlettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodlettsville 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
$11,530,000
ML approach
$9,320,000
CAP Approach
CAP Return
Estimation
6%
$13,080,000
6.5%
$12,075,000
7%
$11,210,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$18,980,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,750,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$11.80M
Range $10.62M – $12.98M · ±10% · vs last sale $11.80M (May 2 2022)
Last sale anchor
$11.80M
May 2 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
$159 / 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
$124,440
Tax year 2023
Assessed value
$4,258,720
Assessed 2023
Previous assessed
$4,258,720
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$431,560
Assessed improvement
$3,827,160
Land market value
$1,078,900
Improvement market value
$9,567,900
Total market value
$10,646,800
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/MOTEL
Status
Off-Market
Year built
1987
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
74,444 SF
Lot
2.58 ac (112,385 SF)
Zoning code
6ZZ
APN
026-01-0-134-00
UPID
US80-3144956
Jurisdiction
DAVIDSON
Zoning & alternative use
6ZZ · Goodlettsville, TN
Zoning 6ZZ · permitted uses
6ZZ · Goodlettsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodlettsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1987
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
2.58 ac
Current owner
From public records · entity-resolved
Shyam Ghanshyam Nashville LLC
Entity
Mailing address
105 PEMBERTON PL, HOPKINSVILLE, KY 42240-9382
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
Feb 27, 2024
—
Shyam Ghanshyam Nashville LLC
—
Deed
related
$1,000,000 · Planters Bank
Nov 13, 2023
—
Shyam Ghanshyam Nashville LLC
—
Deed
related
$700,000 · Planters Bank
May 2, 2022
$11,800,000
Shyam Ghanshyam Nashville LLC
Gdtn Associates LLC
Special Warranty Deed
$9,560,000 · Planters Bank
May 2, 2022
—
Shyam Ghanshyam Nashville
Parshwanath LLC
Quit Claim Deed
related
—
Apr 12, 2022
—
Parshwauth LLC
Dharmesh S Patel
Affidavit Of Death Of Joint Tenant
—
Nov 29, 2017
—
Parshwanath LLC
—
Grant Deed
related
$10,250,000 · Morgan Stanley Bk
Jan 3, 2017
—
Parshwanath LLC
—
Deed
related
$9,600,000 · Citizens First Bk
Sep 30, 2014
—
Parshwanath LLC
—
Grant Deed
related
$8,000,000 · Citizens First Bk
May 30, 2008
$6,190,000
Parshwanath LLC
Long Hollow LLC
Special Warranty Deed
$7,000,000 · Branch Banking And Trust Co
—
—
Parshwanath LLC
—
Deed Of Trust
related
$650,000 · Citizens First National Bank
—
—
Parshwanath LLC
—
Loan Modification
related
$9,600,000 · Citizens First Bk
—
—
Long Hollow LLC
—
Deed Of Trust
related
$2,947,472 · Branch Banking & Trust Co
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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