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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    251 Northcreek Blvd Goodlettsville, TN 37072-1916

    • Hotels
    • 59,691 SF
    • 2.13 lot acres
    OFF-MARKET
    Value Estimations
    $9,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3000575
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Holiday Inn Express & Suites Goodlettsville N - Nashville, an IHG Hotel / Hotel & Motel

    Property Details for 251 Northcreek Blvd

    Year built
    2018
    Lot size
    2.13 lot acres
    Property size
    59,691 SF
    Zone code
    6ZZ
    Property type
    Hotels
    Property subtype
    Motels
    APN
    019-14-0-020-00
    APU
    1914002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,490,000
      6.5%
      $9,680,000
      7%
      $8,990,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $13,430,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goodlettsville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6986
    Latitude
    36.3233
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $100,867
    $371,120
    $3,080,880
    $3,452,000
    -
    $927,800
    $7,702,200
    $8,630,000

    Comparable in this City

    • Value Estimation
      $12,590,000
      76,640 SF

      865 Conference Dr

      HOTEL/MOTEL • 76,640 SF
      865 Conference Dr, Goodlettsville, TN 37072-1901
      View Details
    • Value Estimation
      $7,920,000
      49,328 SF

      800 Conference Dr

      HOTEL/MOTEL • 49,328 SF
      800 Conference Dr, Goodlettsville, TN 37072-1902
      View Details
    • Value Estimation
      $9,275,000
      56,113 SF

      830 Conference Dr

      HOTEL/MOTEL • 56,113 SF
      830 Conference Dr, Goodlettsville, TN 37072-1902
      View Details
    • Value Estimation
      $6,830,000
      43,015 SF

      621 Rivergate Pkwy

      HOTEL/MOTEL • 43,015 SF
      621 Rivergate Pkwy, Goodlettsville, TN 37072-2335
      View Details
    • Value Estimation
      $11,800,000
      74,444 SF

      120 Cartwright Ct

      HOTEL/MOTEL • 74,444 SF
      120 Cartwright Ct, Goodlettsville, TN 37072-1824
      View Details
    • Value Estimation by Request
      2.00 Acres

      1000 Rivergate Dr

      Motels • 2.00 Acres
      1000 Rivergate Dr, Goodlettsville, TN 37072
      View Details

    Similar Nearby for Sale

    • $2,400,000
      2.00 Acres

      Nashville Hotel Development Opportunity

      Prime 2-acre site, near Nashville
      1000 Rivergate Dr, Goodlettsville, TN 37072
      View Details
    • $995,000
      2.85 Acres

      Goodlettsville Multifamily Land

      Shovel-ready, 60+ unit potential. Prime location.
      1381 Louisville Hwy, Goodlettsville, TN 37072
      View Details
    • $1,500,000
      5.00 Acres

      1219 Dickerson Rd, Goodlettsville, TN 37072

      Commercial real estate • 5.00 Acres
      1219 Dickerson Rd, Goodlettsville, TN 37072
      View Details
    • Contact for pricing

      Commercial Land in Goodlettsville

      Vacant commercial land in downtown Goodlettsville, near I-65.
      414 Dickerson Pike, Goodlettsville, TN 37072
      View Details
    • $3,450,000
      14,500 SF

      Goodlettsville Office Building For Sale

      14,500 SF office building with excellent connectivity and parking.
      400 Professional Park Dr, Goodlettsville, TN 37072
      View Details
    • $1,300,000

      Land For Sale

      Land available for sale in Goodlettsville, Tennessee.
      1500 Louisville Hwy, Goodlettsville, TN 37072
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      6,231 SF

      Goodlettsville Warehouse Space Available

      6,231 SF warehouse space for lease in Goodlettsville, TN.
      1055 Ridgecrest Dr, Goodlettsville, TN 37072
      View Details
    • $32 SF/Yr
      2,520 SF

      Avalon Station: Retail Spaces for Lease

      Goodlettsville Retail, Two Units Available
      1149 Dickerson Rd, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      49,968 SF

      Warehouse Park Near Interstate I-65

      Warehouse park with convenient access to I-65.
      101 Old Stone Bridge Rd, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      24,855 SF

      Goodlettsville Warehouse and Flex Space

      Multi-building industrial park offering warehouse, distribution, and flex space.
      801-815 Space Park N, Goodlettsville, TN 37072
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Office Space Near I-65

      1,120 SF retail or office space available immediately.
      403 Long Hollow Pike, Goodlettsville, TN 37072
      View Details
    • Contact for pricing

      Rivergate Mall Retail Opportunity

      Former Sears box available for long-term lease.
      Goodlettsville, TN 37072
      View Details
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    251 Northcreek Blvd
    Goodlettsville, TN 37072-1916
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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