68-Key Comfort Suites
For Sale
Contact for pricing
Pending
7230 Region Ln, Knoxville, TN 37914
68-key Comfort Suites off I-40 with reported $1.8M average annual revenue and value-add opportunities through operations.
Property Size42,598 SF
Days on Market188
Property Features for 7230 Region Ln
General Information
Standard status
Pending
Size
42,598 SF
Property subtype
Hospitality
Zoning
(c) Commercial
Occupancy
70%
Investment Type
Stabilized
Financials
Cap Rate
10%
Business Included
Yes
Site & Location
Traffic Count
89,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2007
Year Renovated
2024
Stories
4
Listing Agency:
United Real Estate Solutions
Listed By:
Joel Richmond · License #380321
(812) 318-2662
Source:
Crexi
Added: Apr 15
Changed: Oct 5
Last Checked: Oct 19 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Solutions
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Investment Insights
Based on property information with market context.
This Comfort Suites Knoxville East offers 68 keys and is operated under the Choice Hotels Comfort brand. The property is positioned for value-add, with reported revenues averaging approximately $1.8M annually and occupancy supported by interstate visibility and regional lodging demand. Reported NOI has been impacted by ownership-level expense allocations and recent capital improvements; normalized operations are estimated to support stabilized NOI of approximately $700K–$800K annually.
The hotel is located at 7230 Region Ln, Knoxville, TN 37914, directly off I-40 (Exit 398), where traffic counts are reported to exceed 89,000 vehicles per day. The asset is described as situated between downtown Knoxville and Sevier County, with access to the Great Smoky Mountains.
The offering also notes moderate remaining PIP requirements and a path toward operational optimization. The seller is pursuing a 1031 exchange and may consider seller financing for a portion of the purchase price.
The hotel is located at 7230 Region Ln, Knoxville, TN 37914, directly off I-40 (Exit 398), where traffic counts are reported to exceed 89,000 vehicles per day. The asset is described as situated between downtown Knoxville and Sevier County, with access to the Great Smoky Mountains.
The offering also notes moderate remaining PIP requirements and a path toward operational optimization. The seller is pursuing a 1031 exchange and may consider seller financing for a portion of the purchase price.
Key Highlights
- 68‑key Comfort Suites Knoxville East built in 2007, operating under the Choice Hotels Comfort brand
- Located directly off I‑40 (Exit 398) with traffic counts exceeding 89,000 vehicles per day
- Average annual revenues of approximately $1.8M with strong occupancy driven by interstate visibility and regional demand
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,013
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,380,260
$4.4M
Cap Rate 7%
$3,128,757
$3.1M
Cap Rate 9%
$2,433,478
$2.4M
Market Conditions
NOI Build-Up for 42,598 SF
Gross rent
$562.3K $13.20/SF
− Vacancy
−$101.2K −$2.38/SF
EGI
$461.1K $10.82/SF
− OpEx
−$242.1K −$5.68/SF
NOI
$219.0K $5.14/SF
Area
Knoxville, TN
Vacancy
18.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,380,260
Cap Rate 7%
$3,128,757
Cap Rate 9%
$2,433,478
Alternative Uses
Best Use
Hotel Hospitality
$3.13M
$2.74M – $3.65M
NOI $219,013 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.55M
$9.23M – $12.31M
NOI $738,547 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
89,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - 68-key Comfort Suites off I-40 with reported $1.8M average annual revenue and value-add opportunities through operations.
Where is this hotel located?
The property is located at 7230 Region Ln Knoxville, TN.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: 68‑key Comfort Suites Knoxville East built in 2007, operating under the Choice Hotels Comfort brand; Located directly off I‑40 (Exit 398) with traffic counts exceeding 89,000 vehicles per day; Average annual revenues of approximately $1.8M with strong occupancy driven by interstate visibility and regional demand
