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Property profile & analytics
OFF-MARKET
Estimated value
$6,095,000
Hotels
641 Wade Cir Goodlettsville, TN 37072-2101
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-3506738
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
FRAME
Total area
51,090 SF
Lot
1.62 ac (70,567 SF)
Zoning code
6ZZ
APN
026-14-0-006-00
UPID
US80-3506738
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
-
Country Inn & Suites by Radisson, Goodlettsville, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.23M
CAP Approach
CAP
$8.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.10M
Owner & transaction history
Laxmi 55 LLC · 3 yrs held
Laxmi 55 LLC
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
6ZZ · Goodlettsville, 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 Goodlettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodlettsville 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
$5,960,000
ML approach
$6,230,000
CAP Approach
CAP Return
Estimation
6%
$8,975,000
6.5%
$8,285,000
7%
$7,695,000
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±10% · vs last sale $6.10M (Aug 3 2022)
Last sale anchor
$6.10M
Aug 3 2022
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
$119 / 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
$65,800
Tax year 2023
Assessed value
$2,251,880
Assessed 2023
Previous assessed
$34,480
+6,431.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$127,040
Assessed improvement
$2,124,840
Land market value
$317,600
Improvement market value
$5,312,100
Total market value
$5,629,700
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
2009
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
3
Rooms
5
Bathrooms
1
Total area
51,090 SF
Lot
1.62 ac (70,567 SF)
Zoning code
6ZZ
APN
026-14-0-006-00
UPID
US80-3506738
Jurisdiction
DAVIDSON
Zoning & alternative use
6ZZ · Goodlettsville, TN
Zoning 6ZZ · permitted uses
6ZZ · Goodlettsville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodlettsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Rooms
5
Bathrooms
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Laxmi 55 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1516 HAMPTON ST, NASHVILLE, TN 37207-4308
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
Laxmi 55 LLC
Laxmi 55 LLC
Intrafamily Transfer
related
—
Aug 9, 2019
$6,100,001
Laxmi 55 LLC
Patel,kalpesh R & Tejal S
Trustees Deed
$5,490,000 · Ascend FCU
Aug 9, 2019
—
Kalpesh R Patel
Laxmi Associates INC
Quit Claim Deed
related
—
Jun 13, 2008
—
Laxmi Associates INC
Banker,visha L
Quit Claim Deed
related
$4,900,000 · Cedarstone Bank
Jul 2, 2007
$150,000
Vishal A Banker
Schaper,uwe & Leila J
Warranty Deed
—
Jun 23, 2000
$103,751
Leila J Schaper
Miller,bobbie B & Paul D
Grant Deed
—
Aug 29, 1989
$300,000
Bobbi Burton Miller
Unknown
Grant Deed
—
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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