Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    115 Liberty Br Ln Athens, TN 37303-7076

    • Office Properties & Spaces
    • 11,277 SF
    • 7.70 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2020
    $400,000
    Value Estimations
    $495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2250730
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 115 Liberty Br Ln

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.70 lot acres
    Property size
    11,277 SF
    Property type
    Office Properties & Spaces
    APN
    054039 03900
    APU
    5403903900

    Description

    This exceptional 105-room extended-stay hotel in Athens, Tennessee, presents a lucrative investment opportunity. Completely renovated in 2024 with a total capital expenditure of $4,465,000, this three-building, two-story property boasts new electrical, plumbing, mechanical, fire alarm, and sprinkler systems. All 105 rooms feature full kitchenettes, including stovetops, refrigerators, sinks, and microwaves. Situated on a 7.7-acre lot (APN: 054039 03900) at 115 Liberty Branch Ln, Athens, TN 37303, this hotel enjoys a prime location directly on Interstate 75, midway between Chattanooga and Knoxville. Projected first-year revenue is $1,607,331, with a net income of $557,229. The property is currently unbranded, offering flexibility for conversion to various franchise options, including Suburban Studios, Select Suites, Red Roof Inn, or HomeTowne Studios, with potential key money incentives. A Certificate of Occupancy is expected in November 2024. This turn-key operation is ideal for investors seeking a high-return, fully renovated asset in a strong market. The seller is highly motivated and encourages offers from buyers with at least 20% down. This is the only extended-stay hotel within a 25-mile radius, ensuring a strong competitive advantage. Year 2 and 3 pro forma revenues are projected at $1,705,217 and $1,826,629 respectively. The property was built in 1975.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $820,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Mcminn
    State
    Tennessee
    Longitude
    -84.614
    Latitude
    35.5033
    CBSA code
    11940
    CBSA name
    ATHENS, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,801
    $75,560
    $632,600
    $708,160
    -
    $188,900
    $1,581,500
    $1,770,400

    Comparable in this City

    • Value Estimation by Request
      14,460 SF

      2300 Congress Pkwy

      Neighborhood centers • 14,460 SF
      2300 Congress Pkwy, Athens, TN 37303
      View Details
    • Value Estimation
      $290,000
      1,872 SF

      103 Jackson St

      OFFICE (GENERAL) • 1,872 SF
      103 Jackson St, Athens, TN 37303-3637
      View Details
    • Value Estimation
      $280,000
      2,748 SF

      101 New Englewood Rd

      OFFICE (GENERAL) • 2,748 SF
      101 New Englewood Rd, Athens, TN 37303-4707
      View Details
    • Value Estimation by Request
      6,152 SF

      1107 Congress S Pkwy

      OFFICE (GENERAL) • 6,152 SF
      1107 Congress S Pkwy, Athens, TN 37303-2403
      View Details
    • Value Estimation
      $290,000
      2,180 SF

      202 White St

      OFFICE (GENERAL) • 2,180 SF
      202 White St, Athens, TN 37303-3551
      View Details
    • Value Estimation
      $195,000
      2,000 SF

      2216 Decatur Pike

      OFFICE (GENERAL) • 2,000 SF
      2216 Decatur Pike, Athens, TN 37303-4926
      View Details

    Similar Nearby for Sale

    • $189,900
      2,324 SF

      Historic Downtown Athens Office Building

      Charming office building, 2324 sq ft, prime location.
      110 Jackson St, Athens, TN 37303
      View Details
    • $5,925,000
      6,532 SF

      Athens Medical Office Investment

      High-yield NNN medical office, 20-year lease.
      1208 Congress Pkwy, Athens, TN 37303
      View Details
    • New
      $757,500
      5.05 Acres

      Land Near I-75, Athens, TN

      5.05 acre commercial land near I-75, Exit 49.
      Decatur Pike Hwy 30 W, Athens, TN 37303
      View Details
    • $1,995,000
      31.78 Acres

      Athens, TN Development Land

      31.78 Acres, Multifamily Potential
      0 Layman Rd & Dennis St, Athens, TN 37303
      View Details
    • Contact for pricing
      16,120 SF

      Retail/Office Space For Sale

      Retail or office space with easy access and great visibility.
      915 N Congress Pkwy, Athens, TN 37303
      View Details
    • $225,000
      5,311 SF

      Downtown Commercial Building with Loft Apartments

      Versatile commercial building in downtown Athens, TN with income potential.
      316 N White St, Athens, TN 37303
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      14,460 SF

      Congress Parkway Office Space

      Athens, TN: 2,500 SF Office Available
      2300 Congress Pkwy, Athens, TN 37303
      View Details
    • $4,950 /Mo
      6,600 SF

      Retail Space on Decatur Pike

      6630 SF retail space with excellent visibility and access.
      904 Decatur Pike, Athens, TN 37303
      View Details
    • Contact for pricing

      Retail Space and Pads Available

      New retail development with high visibility and drive-thru opportunity.
      1712 Congress Pkwy S, Athens, TN 37303
      View Details
    • Contact for pricing
      3,658 SF

      Retail Space Near Decatur Pike

      3,658 SF retail space with pole signage available.
      1831 Holiday Dr, Athens, TN 37303
      View Details
    • $14 SF/Yr
      174,021 SF

      Congress Crossing Retail Space

      Athens, TN Retail Opportunity: Prime Location
      1802 Decatur Pike, Athens, TN 37303
      View Details
    • $5,000 /Mo

      Commercial Land on Decatur Pike

      1.66 acre commercial land for lease on Decatur Pike.
      902 Decatur Pike, Athens, TN 37303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Liberty Br Ln
    Athens, TN 37303-7076
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.