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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Hotels
650 Bakers Brg Ave Franklin, TN 37067-1686
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0585289
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,974 SF
Lot
3.32 ac (144,619 SF)
APN
094053 12207
UPID
US80-0585289
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
-
Vanderbilt Sleep Disorders Center Franklin Medical Clinic
-
Vanderbilt Sleep Lab Franklin Medical Laboratory
-
Hyatt Place Nashville/Franklin/Cool Springs Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.03M
CAP Approach
CAP
$6.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.28M
Owner & transaction history
Ppvs Properties LLC · 1 yrs held
Ppvs Properties LLC
since 2025
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+481.8%
Retail stores
$7.2M
+311.0%
Warehouse, storage
$5.9M
+236.8%
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$5,570,000
ML approach
$5,025,000
CAP Approach
CAP Return
Estimation
6%
$7,420,000
6.5%
$6,850,000
7%
$6,360,000
Alternative Use
Use
Estimation
RESTAURANT
$10,145,000
Change: +482% · Conversion: Difficult
RETAIL STORES
$7,165,000
Change: +311% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,875,000
Change: +237% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,755,000
Change: +173% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,985,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±10% · vs last sale $6.96M (Jun 6 2025)
Last sale anchor
$6.96M
Jun 6 2025
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
$85 / 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
$139,116
Tax year 2023
Assessed value
$5,112,280
Assessed 2023
Previous assessed
$6,015,600
-15.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$1,024,000
Assessed improvement
$4,088,280
Land market value
$1,650,900
Improvement market value
$131,200
Total market value
$1,782,100
Applied tax rate
263.0000
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
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
6
Units
1
Bathrooms
131
Total area
73,974 SF
Lot
3.32 ac (144,619 SF)
APN
094053 12207
UPID
US80-0585289
Jurisdiction
WILLIAMSON
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
RESTAURANT
Est. value
$10.1M
RETAIL STORES
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
6
Units
1
Bathrooms
131
Lot
3.32 ac
Current owner
From public records · entity-resolved
Ppvs Properties LLC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$6,960,000
Ppvs Properties LLC
Hit Portfolio I Owner LLC
Special Warranty Deed
$7,750,000 · Western Alliance Bank
Nov 13, 2024
—
Hit Portfolio I Owner LLC
—
Deed
related
$558,100,000 · Citibank NA
Jun 1, 2017
—
Hit Portfolio I Owner LLC
—
Grant Deed
related
$805,000,000 · Deutsche Bk Ag/ny Branch
Mar 17, 2015
$19,879
Arc Hospitality Portfolio I Ow
W2007 Equity Inns Realty LLC
Grant Deed
—
Nov 21, 2007
—
W2007 Equity Inns Realty LLC
W2007 Equity Inns Ptshp
Quit Claim Deed
related
—
—
—
W2007 Equity Inns Realty LLC
—
Deed Of Trust
related
—
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.
Try Rey
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