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Property profile & analytics
OFF-MARKET
Estimated value
$114,010,000
Hotels
623 Un St Nashville, TN 37219-1706
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3439016
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Total area
398,306 SF
Lot
1.13 ac (49,223 SF)
Zoning code
MULTI-ZONE
APN
093-05-2-016-00
UPID
US80-3439016
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Nashville Indian DJs - Indaglow Productions Nightclub Music Venue
-
ATM Atm
-
parkingmgt.com Parking Lot & Garage
-
Sheraton Grand Nashville Downtown 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
$114.01M
Owner & transaction history
Cp Fresh Hotel LLC · 5 yrs held
Cp Fresh Hotel LLC
since 2021
Last sale
$117.5M
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$184.2M
+56.2%
Medical building
$139.0M
+17.8%
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
$128,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$117,955,000
Current use
RETAIL STORES
$184,195,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$138,995,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$116,300,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$115,320,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$114.01M
Range $102.61M – $125.41M · ±10% · vs last sale $117.53M (Jul 6 2021)
Last sale anchor
$117.53M
Jul 6 2021
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
$286 / 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
$1,401,396
Tax year 2023
Assessed value
$41,419,760
Assessed 2023
Previous assessed
$41,419,760
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$6,927,760
Assessed improvement
$34,492,000
Land market value
$17,319,400
Improvement market value
$86,230,000
Total market value
$103,549,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1976
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
25
Total area
398,306 SF
Lot
1.13 ac (49,223 SF)
Zoning code
MULTI-ZONE
APN
093-05-2-016-00
UPID
US80-3439016
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Nashville, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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
$118.0M
RETAIL STORES
Est. value
$184.2M
MEDICAL BUILDING
Est. value
$139.0M
OFFICE BUILDING
Est. value
$116.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$115.3M
HOTEL/MOTEL Current
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
1976
Heating
CENTRAL
Cooling
Yes
Stories
25
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Cp Fresh Hotel LLC
Entity
Mailing address
375 PARK AVE, NEW YORK, NY 10152-3804
Ownership since
2021
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
Jul 6, 2021
$117,534,220
Cp Fresh Hotel LLC
Nashville Hospitality LLC
Special Warranty Deed
—
Oct 5, 2018
—
Nashville Hospitality LLC
—
Deed
related
$160,000,000 · Argentic R/e Fin LLC
Aug 28, 2012
$47,520,000
Nashville Hospitality LLC
Dhg Nashville LLC
Special Warranty Deed
$45,000,000 · German American Capital Corporation
Jan 9, 2004
$24,500,000
Dhg Nashville LLC
Davidson Hotel Partners LP
Grant Deed
—
Oct 1, 1997
$14,500
Davidson Hotel Partners
Unknown
Grant Deed
$21,000,000 · Citicorp Real Estate
Sep 30, 1997
$14,500
Davidson Hotel Partners
Unknown
Grant Deed
$23,300,000 · Prudential Insurance Company
Jun 30, 1993
$14,500
Davidson Hotel Partners LP
Unknown
Grant Deed
—
Sep 12, 1990
$11,050,000
Innkeepers Nashville
Unknown,
Grant Deed
—
—
—
Nashville Hospitality LLC
—
Deed Of Trust
related
$160,000,000 · Argentic R/e Fin LLC
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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