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Property profile & analytics
OFF-MARKET Estimated value $2,115,000
Motels

1109 Pkwy Parkway Gatlinburg, TN 37738-3107

46,337 SF 0.67 ac lot Built 1970
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US80-0278003
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 46,337 SF
Lot 0.67 ac (29,185 SF)
Zoning code C-1
APN 078126N B 01500
UPID US80-0278003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.12M
Owner & transaction history
Ram Ratan Corp · 17 yrs held
Ram Ratan Corp
since 2009
3 recorded transactions
2009
$2.1M
2003
$1.5M
1969
Price N/A
Zoning & alternative use
C-1 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

residential uses in the C-1 (Central Business) District, with the exception of lodging establishments such as Hotels, Motels, Bed and Breakfasts, and similar services. Where there is a combination of uses on a lot, the required number of parking spaces shall be the sum of that found for each use; this regulation is not applicable to us es located within the…

Zone name Tourist Commercial
General category INDUSTRIAL
Zone area 204.48 ac
Source Documents | City of Gatlinburg
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