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Property profile & analytics
OFF-MARKET
Motels
816 Cumberland St Lebanon, TN 37087-2339
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US80-0986183
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1950
Total area
11,813 SF
Lot
270 ac (11,761,200 SF)
APN
058L H 00600
UPID
US80-0986183
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
-
Plaza 231 Inn Hotel & Motel
-
Web of Technology Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shankar Patel · 24 yrs held
Shankar Patel
since 2002
6 recorded transactions
Zoning & alternative use
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,429
Tax year 2023
Assessed value
$429,800
Assessed 2023
Previous assessed
$429,800
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$97,200
Assessed improvement
$332,600
Land market value
$243,000
Improvement market value
$831,500
Total market value
$1,074,500
Applied tax rate
950.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1950
Heating
RADIANT
Buildings
2
Stories
1
Units
1
Bathrooms
41
Total area
11,813 SF
Lot
270 ac (11,761,200 SF)
APN
058L H 00600
UPID
US80-0986183
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
RADIANT
Stories
1
Buildings
2
Units
1
Bathrooms
41
Lot
270 ac
Current owner
From public records · entity-resolved
Shankar Patel
Individual
Mailing address
816 N CUMBERLAND ST, LEBANON, TN 37087-2339
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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 19, 2007
—
Shankar Patel
—
Trustees Deed
related
$125,000 · Wilson Bank & Trust
Jun 27, 2002
$650,000
Shankar Patel
Carlson,richard
Grant Deed
—
Feb 9, 1995
$218,918
Richard E Carlson
Wolff,theresa Mh
Grant Deed
$170,866 · Theresa M Wolff
Apr 23, 1993
$218,918
Theresa Mht Wolff
Unknown
Grant Deed
—
Nov 7, 1991
$193,053
Rufus Dwight Agee
Unknown,
Grant Deed
—
—
—
Shankar Patel
—
Deed Of Trust
related
$355,949 · Wilson Bank & Trust
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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