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Property profile & analytics
OFF-MARKET
Estimated value
$7,175,000
Hotels
1874 Mcewen Dr Franklin, TN 37067-1782
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-3260538
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Total area
207,879 SF
Lot
6.23 ac (271,379 SF)
APN
094062 02113
UPID
US80-3260538
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
-
Drury Plaza Hotel Nashville Franklin Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$7.18M
Owner & transaction history
Drury Development Corporation · 4 yrs held
Drury Development Corporation
since 2021
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.2M
+128.5%
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$8,960,000
ML approach
$7,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,900,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,195,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$7.18M
Range $6.46M – $7.89M · ±10% · vs last sale $6.53M (Oct 26 2021)
Last sale anchor
$6.53M
Oct 26 2021
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
$35 / 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
$366,796
Tax year 2023
Assessed value
$17,012,040
Assessed 2023
Previous assessed
$17,012,040
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$2,704,000
Assessed improvement
$14,308,040
Land market value
$5,477,800
Improvement market value
$40,023,300
Total market value
$45,501,100
Applied tax rate
263.0000
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
Status
Off-Market
Year built
2011
Heating
NONE
Stories
11
Total area
207,879 SF
Lot
6.23 ac (271,379 SF)
APN
094062 02113
UPID
US80-3260538
Jurisdiction
WILLIAMSON
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
HOTEL/MOTEL Current
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Heating
NONE
Stories
11
Lot
6.23 ac
Current owner
From public records · entity-resolved
Drury Development Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
13075 MANCHESTER RD #200, SAINT LOUIS, MO 63131-1836
Ownership since
2021
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
Oct 26, 2021
—
Drury Development Corporation
Dph Franklin LLC
Quit Claim Deed
related
—
Sep 4, 2014
—
Dph Franklin LLC
Drury Dev Corp
Quit Claim Deed
related
—
Jul 15, 2011
—
Drury Dev Corp
—
Grant Deed
related
$25,000,000 · First National Bank St Louis
Aug 14, 2008
$6,532,291
Drury Dev Corp
Franklin Realty Invtrs Ptshp
Grant Deed
—
May 29, 1997
$2,748,636
Franklin Realty Investors
First Center Fin
Grant Deed
—
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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