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Property profile & analytics
FOR SALE
Motels
2412 Plum St Nashville, TN 37207
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1416281
For Sale
1 / 12
$3,300,000
2412 Plum St, Nashville, TN 37207
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Construction
FRAME
Total area
5,538 SF
Lot
2.1 ac (91,476 SF)
Zoning code
IWD
APN
060-15-0-040-00
UPID
US80-1416281
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
-
Res Care Magnolia Academy Home Health Care Service
-
Children's Services Department Social Service Agency Charitable Organization
-
Nashville Transition Center State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Global Rescue I · 7 yrs held
Global Rescue I
since 2018
7 recorded transactions
Zoning & alternative use
IWD · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,375,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$157 / 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
Land market value
$183,000
Improvement market value
$321,700
Total market value
$504,700
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
For Sale
Year built
1995
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
5,538 SF
Lot
2.1 ac (91,476 SF)
Zoning code
IWD
APN
060-15-0-040-00
UPID
US80-1416281
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Nashville, TN
Zoning IWD · permitted uses
IWD · 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
WAREHOUSE, STORAGE
Est. value
$1.4M
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
1995
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Global Rescue I
Individual
Mailing address
6688 NOLENSVILLE RD STE #108, BRENTWOOD, TN 37027-8873
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2018
$450,000
Global Rescue I
Barnfield,billy R JR & Cynthia R
Warranty Deed
—
Dec 8, 2014
—
Billy R Barnfield JR.
Barnfield,billy R
Quit Claim Deed
related
—
Jul 3, 2013
$585,000
Billy R Barnfield
Commerce Union Bank
Special Warranty Deed
$585,000 · Commerce Union Bank
Sep 24, 2012
$720,000
Commerce Union Bk
Tme Heartland LLC
Deed In Lieu Of Foreclosure
related
—
Nov 13, 2007
—
Tme Heartland LLC
Hearthwood Properties No 2 LLC
Quit Claim Deed
related
—
Jul 29, 2005
—
Hearthwood Properties No 2 LLC
Hearthwood Properties No 3 LLC
Quit Claim Deed
related
—
Jun 26, 1998
—
Nashville Group Home LLC
Universal Constructor INC
Quit Claim Deed
related
—
Jul 15, 1994
$89,500
Universal Contractors INC
Unknown,
Grant Deed
$96,000 · Transfinancial Bank Of Tenness
Jul 12, 1994
$89,500
Universal Contractors INC
Unknown,
Grant Deed
—
—
—
Hearthwood Properties No 2 LLC
—
Deed Of Trust
related
$1,667,000 · Community First 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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