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Property profile & analytics
OFF-MARKET
Estimated value
$6,300,000
Hotels
1228 Bunker Hl Rd Cookeville, TN 38506-4015
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1862567
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
CONCRETE
Total area
52,798 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C3
APN
071066 08405
UPID
US80-1862567
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
-
Holiday Inn Express & Suites Cookeville, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.30M
CAP Approach
CAP
$5.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.30M
Owner & transaction history
Florida Investors G6 LLC · 1 yrs held
Florida Investors G6 LLC
since 2024
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
C3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.6M
+44.0%
Restaurant
$5.1M
+31.8%
Retail stores
$4.7M
+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
$6,300,000
ML approach
$6,300,000
CAP Approach
CAP Return
Estimation
6%
$5,515,000
6.5%
$5,095,000
7%
$4,730,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,890,000
Current use
COMMERCIAL (GENERAL)
$5,605,000
Change: +44% · Conversion: Difficult
RESTAURANT
$5,125,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$4,745,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$4,665,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,660,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±10% · vs last sale $6.30M (Sep 16 2024)
Last sale anchor
$6.30M
Sep 16 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
$119 / 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
$73,127
Tax year 2022
Assessed value
$2,105,600
Assessed 2023
Previous assessed
$2,105,600
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$190,800
Assessed improvement
$1,914,800
Land market value
$477,000
Improvement market value
$4,787,000
Total market value
$5,264,000
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
2006
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
96
Total area
52,798 SF
Lot
2.57 ac (111,949 SF)
Zoning code
C3
APN
071066 08405
UPID
US80-1862567
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
$3.9M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
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
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
96
Lot
2.57 ac
Current owner
From public records · entity-resolved
Florida Investors G6 LLC
Entity
Mailing address
6903 CONGRESS ST STE #300, NEW PORT RICHEY, FL 34653-2704
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
$6,300,000
Florida Investors G6 LLC
Cookeville Platinum LLC
Deed
$8,300,000 · Wilson Bank & Trust
Dec 14, 2020
—
City Of Cookeville
Cookeville Platinum LLC
Quit Claim Deed
related
—
Sep 29, 2005
—
Cookeville Platinum LLC
—
Trustees Deed
related
$4,725,000 · Wilson Bank & Trust
Sep 14, 2005
—
Cookeville Platinum LLC
Hari,vasant G & Bhanuben V
Quit Claim Deed
related
—
Jun 26, 2003
—
Cookeville Platinum LLC
Patel,vijay
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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