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Property profile & analytics
OFF-MARKET
Estimated value
$31,075,000
Hotels
241 4th N Ave Nashville, TN 37219
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1954521
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Total area
91,992 SF
Lot
0.21 ac (9,148 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-055-00
UPID
US80-1954521
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
-
Anti-Aging Testosterone and HGH Therapy Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.56M
Blend (final)
Blend
$31.08M
Owner & transaction history
Fairane Hotel Partners Wc LP · 4 yrs held
Fairane Hotel Partners Wc LP
since 2022
Last sale
$40.0M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$46.2M
+69.5%
Restaurant
$45.4M
+66.7%
Retail stores
$42.5M
+56.2%
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
$36,940,000
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
$27,245,000
Current use
COMMERCIAL (GENERAL)
$46,175,000
Change: +69% · Conversion: Difficult
RESTAURANT
$45,415,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$42,540,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$32,100,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$26,860,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,635,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$31.08M
Range $27.97M – $34.18M · ±10% · vs last sale $40.00M (Jun 29 2022)
Last sale anchor
$40.00M
Jun 29 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
$338 / 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
$246,027
Tax year 2023
Assessed value
$7,271,600
Assessed 2023
Previous assessed
$7,271,600
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$1,280,720
Assessed improvement
$5,990,880
Land market value
$3,201,800
Improvement market value
$14,977,200
Total market value
$18,179,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1974
Heating
NONE
Cooling
CENTRAL
Stories
13
Total area
91,992 SF
Lot
0.21 ac (9,148 SF)
Zoning code
MULTI-ZONE
APN
093-02-3-055-00
UPID
US80-1954521
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
$27.2M
COMMERCIAL (GENERAL)
Est. value
$46.2M
RESTAURANT
Est. value
$45.4M
RETAIL STORES
Est. value
$42.5M
MEDICAL BUILDING
Est. value
$32.1M
OFFICE BUILDING
Est. value
$26.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1974
Heating
NONE
Cooling
Yes
Stories
13
Lot
0.21 ac
Current owner
From public records · entity-resolved
Fairane Hotel Partners Wc LP
Entity
Free & Clear · 4 yrs held
Mailing address
2550 PACIFIC AVE STE #1600, DALLAS, TX 75226-1495
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$40,000,000
Fairane Hotel Partners Wc LP
401 Union Hotel LLC
Warranty Deed
—
Dec 21, 2018
—
401 Union Hotel LLC
—
Deed
related
$18,000,000 · Planters Bk
Jun 15, 2016
—
Union Hotel LLC
—
Deed
related
—
Jan 3, 2012
$285,000
Brown Louise L Trust
401 Union Hotel LLC
Warranty Deed
—
Dec 31, 2009
—
Rebecca B Battle
Third National Bank
Quit Claim Deed
related
—
Dec 31, 2002
$195,000
Lytle Brown
Hogg,douglas
Grant Deed
—
—
—
401 Union Hotel LLC
—
Loan Modification
related
$18,000,000 · Planters Bk
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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