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Property profile & analytics
OFF-MARKET
Estimated value
$12,590,000
Hotels
865 Conference Dr Goodlettsville, TN 37072-1901
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0584082
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
76,640 SF
Lot
3.6 ac (156,816 SF)
Zoning code
6ZZ
APN
026-00-0-170-00
UPID
US80-0584082
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
-
Courtyard Nashville Goodlettsville Hotel & Motel
-
865 Conference Drive Parking Parking Lot & Garage
-
Cornerstone Church Association / Organization
-
Nashville airport Bakery Specialty Food Shop
-
The Bistro – Eat. Drink. Connect.® Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.59M
Owner & transaction history
Ap Dev Properties INC · 17 yrs held
Ap Dev Properties INC
since 2008
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,465,000
6.5%
$12,430,000
7%
$11,545,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,300,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,540,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,245,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$12.59M
Range $11.33M – $13.85M · ±10%
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
$164 / 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
$163,632
Tax year 2023
Assessed value
$5,600,000
Assessed 2023
Previous assessed
$5,600,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$501,800
Assessed improvement
$5,098,200
Land market value
$1,254,500
Improvement market value
$12,745,500
Total market value
$14,000,000
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
2009
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
76,640 SF
Lot
3.6 ac (156,816 SF)
Zoning code
6ZZ
APN
026-00-0-170-00
UPID
US80-0584082
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$20.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
3.6 ac
Current owner
From public records · entity-resolved
Ap Dev Properties INC
Entity
Free & Clear · 17 yrs held
Mailing address
470 JONES RD, CLARKSVILLE, TN 37043-4005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Sage Hospitality INC
—
Deed
related
$4,263,310 · Wilson Bank & Trust
Nov 13, 2008
$2,352,758
Ap Dev Properties INC
Armed Svcs Mutual Benefit Assn
Grant Deed
—
Jun 20, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Aug 19, 2003
$1,406,620
Armed Services Mutual Benefit
North Creek Associates Ltd
Grant Deed
—
Sep 9, 2002
$359,730
Financial Partners In Pinnacle
North Creek Associates Ltd LLC
Grant Deed
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.
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