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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Motels
897 Jefferson Ave Cookeville, TN 38501-4075
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1747738
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Total area
31,306 SF
Lot
4.2 ac (182,952 SF)
Zoning code
C-3
APN
071066 05000
UPID
US80-1747738
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
-
Americas Best Value Inn Cookeville Hotel & Motel
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Extended Stay Suites Cookeville - Tennessee Tech Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
$3.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
Jay Ram Cookeville LLC · 3 yrs held
Jay Ram Cookeville LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C-3 · Cookeville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+46.1%
Commercial (general)
$3.3M
+42.5%
Restaurant
$3.1M
+33.2%
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 Cookeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cookeville 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
$4,045,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
$3,270,000
6.5%
$3,020,000
7%
$2,805,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,305,000
Current use
RETAIL STORES
$3,370,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,285,000
Change: +43% · Conversion: Difficult
RESTAURANT
$3,070,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$2,910,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,785,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±10% · vs last sale $2.95M (Jul 12 2022)
Last sale anchor
$2.95M
Jul 12 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
$101 / 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
$34,370
Tax year 2022
Assessed value
$1,039,120
Assessed 2023
Previous assessed
$1,044,040
-0.5% YoY
Effective rate
3.31%
On assessed value
Assessed land
$539,920
Assessed improvement
$499,200
Land market value
$1,349,800
Improvement market value
$1,248,000
Total market value
$2,597,800
Applied tax rate
71.0000
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
1970
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
85
Total area
31,306 SF
Lot
4.2 ac (182,952 SF)
Zoning code
C-3
APN
071066 05000
UPID
US80-1747738
Jurisdiction
PUTNAM
Zoning & alternative use
C-3 · Cookeville, TN
Zoning C-3 · permitted uses
C-3 · Cookeville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cookeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
85
Lot
4.2 ac
Current owner
From public records · entity-resolved
Jay Ram Cookeville LLC
Entity
Mailing address
427 FANNIS CIR, GALLATIN, TN 37066-6731
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Jay Ram Cookeville LLC
—
Deed
related
$3,231,685 · One Bank Of Tennessee
Sep 19, 2023
—
Jay Ram Cookeville LLC
—
Deed
related
$530,000 · One Bank Of Tennessee
Jul 12, 2022
$2,950,000
Jay Ram Cookeville LLC
Shiv Shakti Shantoshi INC
Warranty Deed
$2,360,000 · One Bank Of Tennessee
Jun 23, 2020
—
Shiv Shakti Shantoshi INC
—
Deed
related
$1,000,000 · One Bk Of Tennessee
May 7, 2020
—
Shiv Shakti Shantoshi INC
—
Deed
related
$1,000,000 · Bank Of Putnam Cnty
—
—
Lillie N Wilson
—
Deed Of Trust
related
$150,000 · First Tennessee Bank National
—
—
Shiv Shakti Shantoshi INC
—
Deed Of Trust
related
$70,000 · American Bk&tr/cumberland
—
—
Lillie N Wilson
—
Deed Of Trust
related
$150,000 · First Tennessee Bank National
—
—
Shiv Shakti Shantoshi INC
—
Deed Of Trust
related
$1,000,000 · Bank Of Putnam Cnty
—
—
Shiv Shakti Shantoshi INC
—
Deed Of Trust
related
$1,000,000 · One Bk Of Tennessee
—
—
Shiv Shakti Shantoshi INC
—
Deed Of Trust
related
$40,000 · American Bk&tr/cumberland
—
—
Shiv Shakti Shantoshi INC
—
Deed Of Trust
related
$1,060,000 · American Bank & Tr Cumberland
—
—
Lillie N Wilson
—
Deed Of Trust
related
$150,000 · First Tennessee Bank National
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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