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Property profile & analytics
OFF-MARKET
Motels
2495 Hillsboro Blvd Manchester, TN 37355-6536
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0303163
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Total area
10,888 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C2
APN
016084 03305
UPID
US80-0303163
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
-
Truckers Inn 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
Gitaben R Patel · 1 yrs held
Gitaben R Patel
since 2025
Last sale
$300,000
5 recorded transactions
Zoning & alternative use
C2 · Manchester, 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 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
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
$5,177
Tax year 2023
Assessed value
$142,600
Assessed 2023
Previous assessed
$142,600
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$121,680
Assessed improvement
$20,920
Land market value
$304,200
Improvement market value
$52,300
Total market value
$356,500
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
1986
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
20
Total area
10,888 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C2
APN
016084 03305
UPID
US80-0303163
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.
Building & site characteristics
From public records
Year built
1986
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
20
Lot
1.3 ac
Current owner
From public records · entity-resolved
Gitaben R Patel
Individual
Free & Clear · 1 yrs held
Mailing address
2495 HILLSBORO BLVD, MANCHESTER, TN 37355-6536
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
Gitaben R Patel
Gitaben R Patel
Deed
related
—
Nov 26, 2007
—
Patel,r V
Patel,maneklal V
Quit Claim Deed
related
—
Jul 3, 2000
$300,000
Maneklal V Patel
Jackson,john K
Grant Deed
—
Aug 4, 1999
—
K Investments
Unknown
Grant Deed
related
—
Feb 9, 1989
$300,000
John Keith Jackson
Unknown
Grant Deed
—
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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