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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Hotels
8489 Us Hwy 64 Bartlett, TN 38133-4111
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1262960
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
FRAME
Total area
30,540 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CMU-3
APN
092-007- - -00017
UPID
US80-1262960
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.08M
CAP Approach
CAP
$3.54M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$3.91M
Owner & transaction history
Laxmi Wolfchase LLC · 3 yrs held
Laxmi Wolfchase LLC
since 2022
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
CMU-3 · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+110.1%
Office building
$3.6M
+75.2%
Auto repair, garage
$3.0M
+42.4%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$3,830,000
ML approach
$4,080,000
CAP Approach
CAP Return
Estimation
6%
$3,830,000
6.5%
$3,535,000
7%
$3,285,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,370,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$3,645,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,960,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,715,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$2,535,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $4.61M (Nov 9 2022)
Last sale anchor
$4.61M
Nov 9 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
$128 / 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
$74,318
Tax year 2022
Assessed value
$1,220,000
Assessed 2023
Previous assessed
$1,220,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$275,760
Assessed improvement
$944,240
Land market value
$689,400
Improvement market value
$2,360,600
Total market value
$3,050,000
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
30,540 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CMU-3
APN
092-007- - -00017
UPID
US80-1262960
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Bartlett, TN
Zoning CMU-3 · permitted uses
CMU-3 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Laxmi Wolfchase LLC
Entity
Mailing address
9285 ENCLAVE GRN LN E, GERMANTOWN, TN 38139-5716
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$4,612,500
Laxmi Wolfchase LLC
Tennessee Number I Limited Partners
Special Warranty Deed
$5,000,000 · Farmers State Bank Of Alto Pass Il
Sep 27, 2017
—
Tennessee I LP
—
Grant Deed
related
$10,000,000 · Goldman-sachs Mtg
Sep 13, 2005
—
I Tennessee
Heritage Inn Of Mankato INC
Quit Claim Deed
related
$7,342,400 · Countrywide Com'l R E Fin
—
—
Tennessee I LP|tennessee I Opco LLC
—
Deed Of Trust
related
$580,000,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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