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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

    Comparable in this City

    • Value Estimation
      $3,020,000
      24,120 SF

      255 Heritage Blvd

      MOTEL • 24,120 SF
      255 Heritage Blvd, Newport, TN 37821-4243
      View Details
    • Value Estimation
      $510,000
      17,202 SF

      1311 Hwy 25th 70

      MOTEL • 17,202 SF
      1311 Hwy 25th 70, Newport, TN 37821-9011
      View Details
    • Value Estimation
      $395,000
      2,256 SF

      1148 Hwy 25th 70

      MOTEL • 2,256 SF
      1148 Hwy 25th 70, Newport, TN 37821-8050
      View Details
    • Value Estimation
      $2,125,000
      21,864 SF

      1014 Cosby Hwy

      MOTEL • 21,864 SF
      1014 Cosby Hwy, Newport, TN 37821-7321
      View Details
    • Value Estimation
      $845,000
      12,384 SF

      1015 Cosby Hwy

      MOTEL • 12,384 SF
      1015 Cosby Hwy, Newport, TN 37821-7323
      View Details
    • Value Estimation
      $200,000
      29,100 SF

      1025 Cosby Hwy

      MOTEL • 29,100 SF
      1025 Cosby Hwy, Newport, TN 37821-7265
      View Details

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      6.83-acre residential land with accessible utilities and building sites.
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    Similar Nearby for Lease

    • $575 /Mo
      436 SF

      Downtown Newport Business Offices For Rent

      Charming, restored office spaces in downtown Newport with utilities included.
      273 E Broadway St, Newport, TN 37821
      View Details
    • Contact for pricing
      18,066 SF

      Food Grade Manufacturing Facility

      Manufacturing facility with rail access, convenient interstate access.
      540 E Broadway, Newport, TN 37821
      View Details
    • $1,800 /Mo
      174,240 SF

      Retail Space in Busy Center

      2,400 sq ft retail space in high-traffic Newport shopping center.
      216 W Broadway St, Newport, TN 37821
      View Details
    • Contact for pricing
      477,205 SF

      540 E Broadway St

      Distribution properties • 477,205 SF
      540 Broadway St, Newport, TN 37821
      View Details
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    Newport, TN 37821-7321
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    Realmo Value Estimation

    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.

    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.

    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
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