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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Hotels
154 2nd N Ave Nashville, TN 37201-1902
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1124695
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1900
Total area
52,424 SF
Lot
0.29 ac (12,632 SF)
Zoning code
DTC
APN
093-06-2-071-00
UPID
US80-1124695
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
-
Dick's Last Resort - Nashville Restaurant
-
Hick Chick Tours Tour Operator (Bike/Boat/Book/etc) Store
-
Studio 154 Luxury Hotel Hotel & Motel
-
Nashville Hunks Male Revue Nightclub Bar & Pub
-
Coyote Ugly Nashville Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
154 Hotel LLC · 2 yrs held
154 Hotel LLC
since 2024
7 recorded transactions
Zoning & alternative use
DTC · Nashville, 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 Nashville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$187,359
Tax year 2023
Assessed value
$5,537,600
Assessed 2023
Previous assessed
$3,712,560
+49.2% YoY
Effective rate
3.38%
On assessed value
Assessed land
$2,001,280
Assessed improvement
$3,536,320
Land market value
$5,003,200
Improvement market value
$8,840,800
Total market value
$13,844,000
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
1900
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
52,424 SF
Lot
0.29 ac (12,632 SF)
Zoning code
DTC
APN
093-06-2-071-00
UPID
US80-1124695
Jurisdiction
DAVIDSON
Zoning & alternative use
DTC · Nashville, TN
Zoning DTC · permitted uses
DTC · Nashville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
154 Hotel LLC
Entity
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
154 Hotel LLC
Vastland 154 LLC
Lease
$2,135,015 · Insbank
Sep 9, 2022
$16,000,000
Vastland 154 LLC
Howard & Manis Enterprises LLC
Special Warranty Deed
—
Feb 22, 2019
—
Studio 154 Luxury Lofts LLC
—
Deed
related
$2,839,060 · Insbank
Oct 30, 2018
—
Howard & Manis Ents LLC
Nancy Manis & Manis Ptshp
Quit Claim Deed
related
—
Apr 2, 2018
—
Studio 154 Luxury Loftsllc
—
Deed
related
$2,567,060 · Insbank
Jan 24, 2008
—
Manis Nancy
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 3, 2006
$1,250,000
Nancy Manis
Howard,mary P
Warranty Deed
—
Oct 25, 2006
—
Mary P Howard
Howard & Manis Ents LLC
Quit Claim Deed
related
—
Feb 21, 1995
$1,100,000
Howard & Manis Enterprises
Third Nat'l Bank
Grant Deed
—
—
—
Studio 154 Luxury Lofts LLC
—
Loan Modification
related
$2,839,060 · Insbank
—
—
Studio 154 Luxury Loftsllc
—
Deed Of Trust
related
$2,567,060 · Insbank
—
—
Nancy Manis
—
Deed Of Trust
related
$300,000 · American Security Bank & Trust
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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