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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Motels
451 Aerospace Way Nashville, TN 37217
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1696590
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1967
Total area
6,963 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CS
APN
120-06-0-048-00
UPID
US80-1696590
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Hops Tn 2 LLC · 2 yrs held
Hops Tn 2 LLC
since 2024
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
CS · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+104.7%
Commercial (general)
$3.5M
+69.5%
Restaurant
$3.4M
+66.7%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,060,000
Current use
AUTO REPAIR, GARAGE
$4,220,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,495,000
Change: +69% · Conversion: Difficult
RESTAURANT
$3,440,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$3,220,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$2,430,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$2,035,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,015,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Jan 4 2024)
Last sale anchor
$2.60M
Jan 4 2024
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
$373 / 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
$3,337
Tax year 2023
Assessed value
$102,560
Assessed 2023
Previous assessed
$102,560
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$49,960
Assessed improvement
$52,600
Land market value
$124,900
Improvement market value
$131,500
Total market value
$256,400
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
1967
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
6,963 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CS
APN
120-06-0-048-00
UPID
US80-1696590
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Nashville, TN
Zoning CS · permitted uses
CS · 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
HOTEL/MOTEL Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Hops Tn 2 LLC
Entity
Mailing address
1030 E 13TH ST, BROOKLYN, NY 11230-4222
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$2,600,001
Hops Tn 2 LLC
Amaidas Enterprises INC
Warranty Deed
$1,600,000 · Amaidas Enterprises INC
Jun 4, 2007
$900,000
Amaidas Ents INC
Ria Investments LLC
Warranty Deed
$800,000 · Civic Bank & Trust
—
—
Amaidas Ents INC
—
Deed Of Trust
related
$75,000 · Civic Bk&tr
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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