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Property profile & analytics
OFF-MARKET
Motels
241 Holiday Dr Clarksville, TN 37040-5013
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-0097238
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Total area
27,091 SF
Lot
3.28 ac (142,877 SF)
Zoning code
C-4
APN
033 01503 000
UPID
US80-0097238
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
-
Microtel Inn & Suites by Wyndham Clarksville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Digesh Patel · 7 yrs held
Digesh Patel
since 2019
4 recorded transactions
Zoning & alternative use
C-4 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-4 - HIGHWAY INTERCHANGE DISTRICT The C-4 Highway Interchange District is designed to provide highway-oriented services at interstate highway interchanges, while avoiding traffic conflicts and incompatible land use mixtures often associated with this type of commercial development. The regulations for this district are intended to encourage development comp…
Zone name
Highway Interchange District
General category
COMMERCIAL
Zone area
825.80 ac
Source
zoning ordinance
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 Clarksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarksville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$39,573
Tax year 2023
Assessed value
$932,040
Assessed 2023
Previous assessed
$937,760
-0.6% YoY
Effective rate
4.25%
On assessed value
Land market value
$659,000
Improvement market value
$1,671,100
Total market value
$2,330,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
62
Total area
27,091 SF
Lot
3.28 ac (142,877 SF)
Zoning code
C-4
APN
033 01503 000
UPID
US80-0097238
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-4 · Clarksville, TNZoning C-4 · permitted uses
C-4 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-4 - HIGHWAY INTERCHANGE DISTRICT The C-4 Highway Interchange District is designed to provide highway-oriented services at interstate highway interchanges, while avoiding traffic conflicts and incompatible land use mixtures often associated with this type of commercial development. The regulations for this district are intended to encourage development compatible with surrounding districts, with suitable, landscaping and parking areas. The district is intended primarily for automobile and other vehicular service establishments, transient sleeping accommodations, and eating and drinking establishments. (Ord. No. 137-2021-22, 7-7-2022) Editor's note- See editor's note, § 3.3.6. 3.3.24
Zone name
Highway Interchange District
General category
COMMERCIAL
Zone area
825.80 ac
Source
zoning ordinance
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
62
Lot
3.28 ac
Current owner
From public records · entity-resolved
Digesh Patel
Individual
Free & Clear · 7 yrs held
Mailing address
241 HOLIDAY DR, CLARKSVILLE, TN 37040-5013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
—
Digesh Patel
Micro-hospitality Ptshp
Quit Claim Deed
related
—
Dec 14, 2006
$2,460,000
Micro-hospitality Ptshp
Gurukrupa LLC
Warranty Deed
$1,968,000 · Legends Bk
Oct 3, 1995
$185,000
Ganesh Hospitality Group L
Ganesh,hospitali
Grant Deed
related
—
—
—
Micro-hospitality Ptshp
—
Loan Modification
related
—
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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