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Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Hotels
1200 Sams St Cookeville, TN 38506-4016
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1903823
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,202 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C3
APN
071066 08106
UPID
US80-1903823
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
-
Fairfield Inn & Suites by Marriott Cookeville Hotel & Motel
-
1200 Sams Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$4.32M
Owner & transaction history
Cookeville Hotel Partners LLC · 19 yrs held
Cookeville Hotel Partners LLC
since 2007
4 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+44.0%
Restaurant
$4.8M
+31.8%
Retail stores
$4.4M
+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%
$5,140,000
6.5%
$4,745,000
7%
$4,405,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,625,000
Current use
COMMERCIAL (GENERAL)
$5,220,000
Change: +44% · Conversion: Difficult
RESTAURANT
$4,775,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$4,425,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$4,345,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,345,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±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
$88 / 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
$85,246
Tax year 2022
Assessed value
$2,240,000
Assessed 2023
Previous assessed
$2,589,480
-13.5% YoY
Effective rate
3.81%
On assessed value
Assessed land
$207,200
Assessed improvement
$2,032,800
Land market value
$518,000
Improvement market value
$5,082,000
Total market value
$5,600,000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
82
Total area
49,202 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C3
APN
071066 08106
UPID
US80-1903823
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
$3.6M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.3M
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
82
Lot
1.7 ac
Current owner
From public records · entity-resolved
Cookeville Hotel Partners LLC
Entity
Free & Clear · 19 yrs held
Mailing address
409 MONTBROOK LN, KNOXVILLE, TN 37919-2704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2007
—
Cookeville Hotel Partners LLC
—
Trustees Deed
related
$4,300,000 · Suntrust Bank NA
Jul 5, 2007
$888,624
Cookeville Hotel Partners LLC
Razorback Trust
Warranty Deed
—
Oct 14, 2005
$121,307
Cates Md LLC
Razorback Trust
Warranty Deed
$1,800,000 · First State Bank
—
—
Cookeville Hotel Partners LLC
—
Deed Of Trust
related
$3,520,000 · First Century 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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