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Property profile & analytics
OFF-MARKET
Estimated value
$14,475,000
Hotels
2640 Elm Hl Pike Nashville, TN 37214-3108
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0097311
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Total area
87,951 SF
Lot
3.35 ac (145,926 SF)
Zoning code
CL
APN
095-16-0-040-00
UPID
US80-0097311
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
-
Homewood Suites by Hilton Nashville-Airport Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.48M
Owner & transaction history
Seneca Hospitality LLC · 3 yrs held
Seneca Hospitality LLC
since 2023
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
CL · 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
$14,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$21,635,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.48M
Range $13.03M – $15.92M · ±10% · vs last sale $16.50M (Jan 4 2023)
Last sale anchor
$16.50M
Jan 4 2023
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
$165 / 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
$153,406
Tax year 2023
Assessed value
$4,714,380
Assessed 2023
Previous assessed
$5,002,320
-5.8% YoY
Effective rate
3.25%
On assessed value
Assessed land
$875,560
Assessed improvement
$3,838,820
Land market value
$2,188,900
Improvement market value
$9,597,050
Total market value
$11,785,950
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
87,951 SF
Lot
3.35 ac (145,926 SF)
Zoning code
CL
APN
095-16-0-040-00
UPID
US80-0097311
Jurisdiction
DAVIDSON
Zoning & alternative use
CL · Nashville, TN
Zoning CL · permitted uses
CL · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.6M
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.35 ac
Current owner
From public records · entity-resolved
Seneca Hospitality LLC
Entity
Mailing address
9130 GUILFORD RD, COLUMBIA, MD 21046-1803
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$16,500,000
Seneca Hospitality LLC
Bre Select Hotels Properties LLC
Special Warranty Deed
$19,081,200 · Choice Bank
Jul 14, 2017
—
Bre Select Hotels Prop LLC
—
Deed
related
$14,996 · Morgan Stanley Bk
Dec 12, 2014
—
Bre Select Hotels Props LLC|bre Select
—
Grant Deed
related
$15,355,000 · Citigroup Global Markets Rlty
May 23, 2013
$13,700,000
Bre Select Hotels Properties LLC
Bre Select Hotels Tennessee LLC
Limited Warranty Deed
—
Jan 10, 2007
—
Apple Six Tn Limited INC
Apple Six Tennessee
Quit Claim Deed
—
Jun 2, 2005
$5,266,700
Six Tennessee Apple
Nashville Of Lakeview Hotel LLC
Grant Deed
—
Jun 11, 1998
$875,554
Nasvhille/lakeview Hotel LLC
Highwoods/tennessee Holdings
Grant Deed
$9,591,000 · First Tennessee Bank National
—
—
Bre Select Hotels Prop LLC
—
Deed Of Trust
related
$14,996 · Morgan Stanley 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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