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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Motels
2259 Hillsboro Blvd Manchester, TN 37355-7311
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0298988
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Total area
23,128 SF
Lot
4.5 ac (196,020 SF)
APN
016085E A 02500
UPID
US80-0298988
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
-
Southern Inn Hotel & Motel
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Regency Inn Hotel & Motel
-
Days Inn & Suites Manchester Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Ambe Partners 2 INC · 2 yrs held
Ambe Partners 2 INC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+86.2%
Medical building
$1.9M
+83.4%
Commercial (general)
$1.9M
+82.8%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$2,760,000
ML approach
$2,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,965,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$1,935,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,930,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,920,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $3.22M (Dec 14 2023)
Last sale anchor
$3.22M
Dec 14 2023
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
$130 / 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
$23,354
Tax year 2023
Assessed value
$643,360
Assessed 2023
Previous assessed
$643,360
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$210,600
Assessed improvement
$432,760
Land market value
$526,500
Improvement market value
$1,081,900
Total market value
$1,608,400
Applied tax rate
16.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
99
Total area
23,128 SF
Lot
4.5 ac (196,020 SF)
APN
016085E A 02500
UPID
US80-0298988
Jurisdiction
COFFEE
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
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1973
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
99
Lot
4.5 ac
Current owner
From public records · entity-resolved
Ambe Partners 2 INC
Entity
Mailing address
2070 HILLSBORO BLVD, MANCHESTER, TN 37355-7306
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
$3,220,000
Ambe Partners 2 INC
Maha Rishi LLC
Warranty Deed
$2,240,000 · Coffee County Bank
May 2, 2018
$1,860,000
Maha Rishi LLC
Ivana Hospitality
Warranty Deed
$530,000 · Coffee County Bank
Dec 18, 2015
$1,800,000
Ivana Hospitality
Om Hari Associates
Warranty Deed
$1,549,982 · Private Individual
Dec 20, 2013
—
Om Hari Associates
Om Hari LLC
Quit Claim Deed
related
—
Jan 30, 1998
$950,000
Om,hari LLC
—
Grant Deed
related
—
Dec 13, 1990
$950,000
R K Corporation
Unknown
Grant Deed
—
—
—
Om Hari Associates
—
Loan Modification
related
$1,500,000 · First Volunteer Bank
—
—
Om Hari Associates
—
Loan Modification
related
$1,000,000 · First Volunteer 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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