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    1149 Smokey Mtn Ln Newport, TN 37821-9031
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    Property profile & analytics

    1149 Smokey Mtn Ln, Newport, TN 37821-9031

    View on Map
    • Hotels
    • 29,293 SF
    • 2.29 lot acres
    Off-Market
    Property ID
    US80-2033851
    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.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Econo Lodge / Hotel & Motel

    Property Details for 1149 Smokey Mtn Ln

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    2.29 lot acres
    Property type
    Hotels
    APN
    015046P B 00400
    APU
    015046PB00400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2017 — M & K Ptshp LLC — Deed · related $1M · Commercial Bk
    Jul 17, 2015 — M &e K Ptshp LLC Patel Sudhaben M & Manubhai I Quit Claim Deed · related —
    Oct 15, 2013 — Sudhaben M Patel M & K Properties LLC Quit Claim Deed · related —
    Sep 16, 2013 — M & K Properties LLC Patel,sudhaben M & Manubhai I Quit Claim Deed · related —
    — — Sudhaben Patel — Deed Of Trust · related $156k · Us Small Business Admn
    — — Sudhaben M Patel — Deed Of Trust · related $155k · Sheilaben Patel
    — — M & K Ptshp LLC — Deed Of Trust · related $1M · Commercial Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.2489
    Latitude
    35.9704
    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
    $37,616
    $120,720
    $635,840
    $756,560
    -
    $301,800
    $1,589,600
    $1,891,400

    Comparable in this City

    • Value Estimation
      $805,000
      42,092 SF

      1020 Cosby Hwy

      HOTEL
      1020 Cosby Hwy, Newport, TN 37821-7321
      View Details
    • Value Estimation
      $5,195,000
      47,068 SF

      1022 Cosby Hwy

      HOTEL
      1022 Cosby Hwy, Newport, TN 37821-7321
      View Details
    • Value Estimation
      $2,150,000
      21,864 SF

      1014 Cosby Hwy

      MOTEL
      1014 Cosby Hwy, Newport, TN 37821-7321
      View Details
    • Value Estimation
      $3,065,000
      24,120 SF

      255 Heritage Blvd

      MOTEL
      255 Heritage Blvd, Newport, TN 37821-4243
      View Details
    • Value Estimation by Request
      17,202 SF

      1311 Hwy 25th 70

      MOTEL
      1311 Hwy 25th 70, Newport, TN 37821-9011
      View Details
    • Value Estimation by Request
      2,256 SF

      1148 Hwy 25th 70

      MOTEL
      1148 Hwy 25th 70, Newport, TN 37821-8050
      View Details

    Similar Nearby for Sale

    • New
      $2,200,000
      11.90 Acres

      Turnkey Campground with Creek Frontage

      Established campground with roughly 48 rentable sites, cabins, and bathhouse facilities, supported by on-site utilities and septic infrastructure.
      141 Lower Bogard Rd, Newport, TN 37821
      View Details
    • New
      $2,200,000
      1,190 SF

      Turnkey Campground with Creek Frontage

      Established campground with 48 rentable sites, on-site lodging, and creek frontage, supported by campground utilities and septic.
      141 Lower Bogard Rd, Newport, TN 37821
      View Details
    • $419,900
      4,384 SF

      Newport Office Building - High Income Potential

      Cosby Hwy. Office/Warehouse, Multi-Income Streams
      111 Cosby Hwy, Newport, TN 37821
      View Details
    • $79,000
      2.81 Acres

      Cleared Land Ready for Development

      2.81-acre tract in Newport, TN, ready for your vision.
      316 Wiley Town Rd, Newport, TN 37821
      View Details
    • $79,900

      Land for Sale

      Land available off Cosby Hwy and Armory Rd.
      7035 Armory Rd, Newport, TN 37821
      View Details
    • Contact for pricing
      0.45 Acres

      Residential Land in Newport, TN

      Residential land for sale in Newport, Tennessee.
      Lakeshore Dr Lot 36 Way, Newport, TN 37821
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      116,643 SF

      Food Grade Manufacturing Facility

      Manufacturing facility with rail access, convenient interstate access.
      540 E Broadway, Newport, TN 37821
      View Details
    • $575 /Mo
      436 SF

      Downtown Newport Business Offices

      Restored office spaces in vibrant downtown Newport, utilities included.
      273 E Broadway St, Newport, TN 37821
      View Details
    • $1,500 /Mo
      20,473 SF

      Downtown Newport Commercial Space Available

      Shell space ready for build-out in downtown Newport.
      237 E Broadway St, Newport, TN 37821
      View Details
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    Newport, TN 37821-9031
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    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
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    1149 Smokey Mtn Ln, Newport, TN, 37821
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