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Property profile & analytics

1010 Cosby Hwy Newport, TN 37821-7321

  • Motels
  • 59,489 SF
  • 2.75 lot acres
OFF-MARKET
Value Estimation
$1,200,000
Last Sale
Jan 11, 2024
$1,210,000
Location Intelligence
Property ID
US80-0423948
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

  • Quality Inn / Hotel

Property Details for 1010 Cosby Hwy

Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.75 lot acres
Property size
59,489 SF
Property type
Motels
APN
015056 01800
APU
1505601800

Description

This exceptional investment opportunity presents the Quality Inn Newport, a well-established 94-key hotel situated on a spacious 2.75-acre lot at 1010 Cosby Hwy, Newport, TN 37821. The property boasts a substantial 49,666 square-foot building, originally constructed in 1968 and maintained to a high standard. Its prime location within a thriving area of Newport, Tennessee, offers significant potential for growth and profitability. The surrounding demographics, within a 5-mile radius, demonstrate a robust population and healthy income levels, creating a strong demand for hospitality services. This established hotel presents a rare chance to acquire a turnkey operation in a desirable market. The property's spacious layout and modern amenities provide a comfortable and attractive experience for guests. This is an excellent opportunity for investors seeking a proven asset in the hospitality sector with significant upside potential. The asking price for this remarkable property is $3,900,000. Detailed financial information is available upon request.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,210,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,195,000
    6.5%
    $1,215,000
    7%
    $1,075,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,075,000
    Geo Method
    $1,165,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,100,000
    Retail
    $1,065,000
    Mixed-Use
    $1,355,000
    Hospitality
    $1,095,000
    Educational
    $1,150,000
    Residential Income
    $1,230,000
    Energy
    $1,350,000
    Income-Based Land
    $1,315,000
    Food Service
    $1,195,000

Location Insight

  • Map
  • Local Demand
City
Newport
County
Cocke
State
Tennessee
Longitude
-83.2039
Latitude
35.9461
CBSA code
35460
CBSA name
NEWPORT, 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
$34,909
$189,760
$512,360
$702,120
-
$474,400
$1,280,900
$1,755,300
More about this property
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