Back to Search
Property profile & analytics
OFF-MARKET
Motels
119 Sharon Dr Dandridge, TN 37725-4670
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US80-0091098
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
CONCRETE
Total area
32,618 SF
Lot
1.58 ac (68,825 SF)
Zoning code
R-1
APN
058 03204
UPID
US80-0091098
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
-
Holiday Inn Express Dandridge, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pankajroy Patel · 26 yrs held
Pankajroy Patel
since 2000
7 recorded transactions
Zoning & alternative use
R-1 · Dandridge, TN
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 Dandridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dandridge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$1,272,200
Assessed 2023
Previous assessed
$1,272,200
+0.0% YoY
Assessed land
$201,360
Assessed improvement
$1,070,840
Land market value
$503,400
Improvement market value
$2,677,100
Total market value
$3,180,500
Applied tax rate
45.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
70
Bathrooms
63
Total area
32,618 SF
Lot
1.58 ac (68,825 SF)
Zoning code
R-1
APN
058 03204
UPID
US80-0091098
Jurisdiction
JEFFERSON
Zoning & alternative use
R-1 · Dandridge, TN
Zoning R-1 · permitted uses
R-1 · Dandridge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dandridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
70
Bathrooms
63
Lot
1.58 ac
Current owner
From public records · entity-resolved
Pankajroy Patel
Individual
Mailing address
119 SHARON DR, DANDRIDGE, TN 37725-4670
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Jefferson Host LLC
—
Deed
related
$50,000 · Mountain Commerce Bank
Mar 30, 2017
—
Jefferson Host LLC
—
Deed
related
$3,666,698 · Sevier Cnty Bk
Feb 16, 2016
—
Jefferson Host LLC
—
Trustees Deed
related
$646,000 · Sevier Cnty Bk
Apr 20, 2000
$3,352
Pankajroy Patel
Jefferson,lodgin
Grant Deed
—
—
—
Jefferson Host LLC
—
Deed Of Trust
related
$3,150,000 · Citizens National Bank
—
—
Jefferson Host LLC
—
Loan Modification
related
$3,666,698 · Sevier Cnty Bk
—
—
Jefferson Host LLC
—
Deed Of Trust
related
$2,929,855 · Citizens National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 119 Sharon Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
