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Property profile & analytics
FOR SALE
Motels
2314 Hillsboro Blvd Manchester, TN 37355
Entity Owned
Free & Clear
Property ID
US80-1163216
For Sale
1 / 6
$4,306,615
2314 Hillsboro Blvd, Manchester, TN 37355
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Total area
17,880 SF
Lot
4.74 ac (206,474 SF)
Zoning code
C2
APN
016085 02204
UPID
US80-1163216
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
-
Quality Inn Hotel & Motel
-
Dream Weaver Creations (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$805k
Owner & transaction history
2025 Hillsboro Manchester LLC
2025 Hillsboro Manchester LLC
since 2025
7 recorded transactions
Zoning & alternative use
C2 · Manchester, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+38.6%
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
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$815,000
Current use
WAREHOUSE, STORAGE
$1,130,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$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
$27,649
Tax year 2023
Assessed value
$761,680
Assessed 2023
Previous assessed
$761,680
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$314,720
Assessed improvement
$446,960
Land market value
$786,800
Improvement market value
$1,117,400
Total market value
$1,904,200
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
For Sale
Year built
1972
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
71
Total area
17,880 SF
Lot
4.74 ac (206,474 SF)
Zoning code
C2
APN
016085 02204
UPID
US80-1163216
Jurisdiction
COFFEE
Zoning & alternative use
C2 · Manchester, TN
Zoning C2 · permitted uses
C2 · Manchester, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$1.1M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
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
1972
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
71
Lot
4.74 ac
Current owner
From public records · entity-resolved
2025 Hillsboro Manchester LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2314 HILLSBORO BLVD, MANCHESTER, TN 37355-6535
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$1,000,000
2025 Hillsboro Manchester LLC
Jalaram Krupa Investments INC
Special Warranty Deed
—
Dec 30, 2024
—
Jalaram Krupa Investments INC
—
Deed
related
$304,000 · Ready Capital Corp
Sep 20, 2024
—
Jalaram Krupa Investments INC
—
Deed
related
$100,000 · Citizens Bank
Mar 6, 2019
—
Jalaram Krupa Investments INC
—
Deed
related
$100,000 · Citizens Bk/lafayette
Jul 14, 2017
$2,150,000
Jalarma Krupa Investments INC
Mala LLC
Warranty Deed
$1,800,000 · Traders Bank
Jul 14, 2017
—
Jalarma Krupa Investments INC
Mala LLC
Quit Claim Deed
related
—
Jun 3, 2016
—
Mala LLC
—
Deed
related
$300,000 · American City Bank
Nov 27, 1996
$1,353,000
L L C Mala
—
Grant Deed
related
—
—
—
Jalaram Krupa Investments INC
—
Deed Of Trust
related
$100,000 · Citizens Bk/lafayette
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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