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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Motels
1297 Wood St Paris, TN 38242-4424
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2351333
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Total area
33,757 SF
Lot
3.3 ac (143,748 SF)
APN
040095N F 04700
UPID
US80-2351333
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
-
Sportsman Bar Bar & Pub
-
Paris Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Seherag Hospitality LLC · 2 yrs held
Seherag Hospitality LLC
since 2024
Last sale
$1.7M
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 Paris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paris 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,380,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,250,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,255,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Jan 25 2024)
Last sale anchor
$1.65M
Jan 25 2024
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
$49 / 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
Property tax & assessments
Assessed value
$705,560
Assessed 2023
Previous assessed
$705,560
+0.0% YoY
Assessed land
$66,000
Assessed improvement
$639,560
Land market value
$165,000
Improvement market value
$1,598,900
Total market value
$1,763,900
Applied tax rate
40.0000
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
1984
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
68
Total area
33,757 SF
Lot
3.3 ac (143,748 SF)
APN
040095N F 04700
UPID
US80-2351333
Jurisdiction
HENRY
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
RESTAURANT
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
68
Lot
3.3 ac
Current owner
From public records · entity-resolved
Seherag Hospitality LLC
Entity
Mailing address
1297 E WOOD ST, PARIS, TN 38242-4424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
$1,650,000
Seherag Hospitality LLC
Paris Inn & Suites LLC
Warranty Deed
$1,350,000 · Paris Inn And Suites LLC
Feb 25, 2022
—
Paris Inn & Suites LLC
Ronnie Randall
Quit Claim Deed
related
$1,271,000 · Ronnie Randall
Oct 19, 2020
$750,000
Ronnie Randall
Phil Cox Chad A|ostrowski
Foreclosure
related
—
Jan 10, 2020
—
Phil Ostrowski
—
Deed
related
$1,200,000 · Ronnie L Randall
Mar 8, 2016
$500,000
Ronnie Randall
Citizens Bk
Grant Deed
$400,000 · Citizens Bk
Apr 11, 2014
$760,000
Citizens Bk
Looney William T
Trustees Deed
related
—
Jan 19, 2011
$885,836
David A Weseloh
Appling,barbara C
Warranty Deed
$885,836 · Citizens Federal Bank Fsb
Apr 22, 2010
$1,000,000
Barbara C Appling
Citizens Bk
Grant Deed
—
Jun 4, 2009
—
Citizens Bank
Ridgway,william R & Nellie L
Grant Deed
related
—
May 29, 2009
$900,100
Citizens Bank
Mclean Fred
Trustees Deed
related
—
—
—
Mjg INC
—
Deed Of Trust
related
$125,000 · Southwest Tennessee Dev Distri
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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