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Property profile & analytics
OFF-MARKET
Estimated value
$55,960,000
Hotels
221 2nd N Ave Nashville, TN 37201-1601
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1324141
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1890
Total area
129,385 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-159-00
UPID
US80-1324141
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
-
The Bankers Alley Hotel Nashville, Tapestry Collection by Hilton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.56M
Blend (final)
Blend
$55.96M
Owner & transaction history
Rlj Art Nashville LLC · 3 yrs held
Rlj Art Nashville LLC
since 2022
Last sale
$57.9M
6 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$78.4M
+104.7%
Commercial (general)
$64.9M
+69.5%
Restaurant
$63.9M
+66.7%
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
Method
Estimation
Statistic approach
$53,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$38,315,000
Current use
AUTO REPAIR, GARAGE
$78,430,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$64,940,000
Change: +69% · Conversion: Difficult
RESTAURANT
$63,875,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$59,835,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$56,720,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$45,150,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$37,460,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$55.96M
Range $50.36M – $61.56M · ±10% · vs last sale $57.90M (Aug 1 2022)
Last sale anchor
$57.90M
Aug 1 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
$433 / 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
$454,139
Tax year 2023
Assessed value
$13,422,560
Assessed 2023
Previous assessed
$13,422,560
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$2,017,400
Assessed improvement
$11,405,160
Land market value
$5,043,500
Improvement market value
$28,512,900
Total market value
$33,556,400
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
1890
Heating
CENTRAL
Cooling
CENTRAL
Stories
7
Total area
129,385 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-159-00
UPID
US80-1324141
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$38.3M
AUTO REPAIR, GARAGE
Est. value
$78.4M
COMMERCIAL (GENERAL)
Est. value
$64.9M
RESTAURANT
Est. value
$63.9M
RETAIL STORES
Est. value
$59.8M
OFFICE BUILDING
Est. value
$56.7M
MEDICAL BUILDING
Est. value
$45.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1890
Heating
CENTRAL
Cooling
Yes
Stories
7
Lot
0.34 ac
Current owner
From public records · entity-resolved
Rlj Art Nashville LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3 BETHESDA METRO CTR STE #1000, BETHESDA, MD 20814-6347
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$57,900,000
Rlj Art Nashville LLC
Nashville Owner LLC
Special Warranty Deed
—
May 26, 2016
—
Metropolitan Dev & Hsng Agcy
21c Nashville LLC
Quit Claim Deed
related
—
May 26, 2016
$6,192,585
Nashville Owner LLC
21c Nashville LLC
Special Warranty Deed
$22,500,000 · Us Bank NA
Jul 25, 2014
$6,810,200
21c Nashville LLC
Metropolitan Goverment Of Nashvil
Warranty Deed
—
Jul 25, 2014
—
Metropolitan Government Of Nashvi
Metropolitan Dev & Hsng Agc
Quit Claim Deed
related
—
Mar 31, 1994
$6,700,000
Southlife INC
Unknown,
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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