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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Hotels
117 Cedar Ln Knoxville, TN 37912-3506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3365742
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,316 SF
Lot
3.5 ac (152,460 SF)
APN
068EE003
UPID
US80-3365742
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
Current use
Occupant on record · Public records
-
Quality Inn Merchants Drive Hotel & Motel
-
Red Roof Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$3.53M
Owner & transaction history
Earth Hospitality LLC · 4 yrs held
Earth Hospitality LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Knoxville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knoxville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,795,000
6.5%
$3,505,000
7%
$3,255,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,870,000
Current use
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.50M (Sep 3 2021)
Last sale anchor
$3.50M
Sep 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,597
Tax year 2023
Assessed value
$1,383,120
Assessed 2023
Previous assessed
$1,383,120
+0.0% YoY
Effective rate
2.28%
On assessed value
Land market value
$823,200
Improvement market value
$2,634,600
Total market value
$3,457,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
44,316 SF
Lot
3.5 ac (152,460 SF)
APN
068EE003
UPID
US80-3365742
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.9M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Earth Hospitality LLC
Entity
Mailing address
117 CEDAR LN, KNOXVILLE, TN 37912-3506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$3,500,000
Earth Hospitality LLC
Lgs Knox INC
Warranty Deed
$2,785,000 · First Western Sblc INC
Jun 17, 2010
$2,375,000
Lgs Knox INC
117 Cedar Lane Holdings LLC
Grant Deed
$1,650,000 · Community South Bank
Oct 14, 2009
$2,400,000
117 Cedar Lane Holdings LLC
Shade Jason
Trustees Deed
related
—
Jul 26, 2006
—
A Hospitality
—
Trustees Deed
related
$75,896 · First Century Bank
Aug 7, 2003
—
Countryside Of East Tennessee
Robert H Sterchi INC
Quit Claim Deed
related
—
Aug 30, 1988
$769,000
Rhs INC
Unknown,
Grant Deed
—
—
—
Robert H Sterchi INC
—
Deed Of Trust
related
$9,920,000 · Suntrust Bank East Tennessee
—
—
Lgs Knox INC
—
Deed Of Trust
related
$2,145,000 · Servisfirst Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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