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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Motels
522 Stratton Ave Monterey, TN 38574-1614
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2489485
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,400 SF
Lot
1.7 ac (74,052 SF)
APN
071071G D 01000
UPID
US80-2489485
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
-
Quality Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.86M
Owner & transaction history
Jay Ram Monterey LLC · 2 yrs held
Jay Ram Monterey LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+39.6%
Auto repair, garage
$2.8M
+29.2%
Commercial (general)
$2.8M
+26.6%
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 Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey 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
$2,690,000
ML approach
$2,665,000
CAP Approach
CAP Return
Estimation
6%
$3,175,000
6.5%
$2,930,000
7%
$2,725,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,185,000
Current use
RESTAURANT
$3,045,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,820,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,765,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$2,685,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,345,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $3.00M (Sep 12 2023)
Last sale anchor
$3.00M
Sep 12 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
$94 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,105
Tax year 2022
Assessed value
$1,060,680
Assessed 2023
Previous assessed
$863,920
+22.8% YoY
Effective rate
3.12%
On assessed value
Assessed land
$88,800
Assessed improvement
$971,880
Land market value
$222,000
Improvement market value
$2,429,700
Total market value
$2,651,700
Applied tax rate
71.0000
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
53
Total area
30,400 SF
Lot
1.7 ac (74,052 SF)
APN
071071G D 01000
UPID
US80-2489485
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
53
Lot
1.7 ac
Current owner
From public records · entity-resolved
Jay Ram Monterey LLC
Entity
Mailing address
150 S EASTGATE CT, LEBANON, TN 37090-6013
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$3,000,000
Jay Ram Monterey LLC
Monterey Hospitality LLC
Warranty Deed
$2,400,000 · Putnam 1st Mercantile Bank
Dec 8, 2021
$2,130,000
Monterey Hospitality LLC
Wilmoth Properties LLC
Warranty Deed
$1,704,000 · Putnam 1st Mercantile Bank
Jan 17, 2017
—
Wilmoth Properties LLC
Wilmoth,joe B
Quit Claim Deed
related
—
Sep 28, 2007
—
Wilmoth Properties LLC
Wilmoth,reba D
Quit Claim Deed
related
—
Apr 5, 2007
$31,382
Reba D Wilmoth
Bohannon,billy D
Warranty Deed
—
Sep 6, 2001
$24,500
Billy D Bohannon
Johnson,james A
Grant Deed
—
Jul 11, 2001
—
James A Johnson
Town Of Monterey
Grant Deed
related
—
Mar 30, 1999
$10,000
Michael J Wilmoth
Johnson,eliza E
Grant Deed
—
—
—
Wilmoth Properties LLC
—
Deed Of Trust
related
$622,000 · Bank Of Putnam County
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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