68-Key Comfort Suites
7230 Region Ln Knoxville, TN 37914
7230 Region Ln, Knoxville, TN, 37914
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For Sale
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68-key Comfort Suites off I-40 with reported $1.8M average annual revenue and value-add opportunities through operations.
Property Size42,598 SF
Price / SF$178.41
Days on Market98
Property Features for 7230 Region Ln
General Information
- Standard status
- Active
- Size
- 42,598 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2007
Listing Agency
United Real Estate Solutions
(812) 318-2662
Listed by
Joel Richmond · License #380321
Source
Crexi
Added: Apr 15 Updated: Jul 20 at 5:33 pm Checked: Jul 20 at 5:33 pm
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
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
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $562.3k | $13.20 |
| − Vacancy | −$101.2k | −$2.38 |
| EGI | $461.1k | $10.82 |
| − OpEx | −$242.1k | −$5.68 |
| NOI | $219.0k | $5.14 |
42,598 SF · lease $13.20/SF/yr · vacancy 18.00% · expense 52.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Comfort Suites East
Hotel & Motel
BERRY HIGHLAND WEST
Social Service Agency
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FAQs
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
