Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    153 James Asbury NW Dr Cleveland, TN 37312-2977

    • Motels
    • 24,124 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0706143
    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.

    Current Use by Public Records

    • Quality Inn / Hotel & Motel

    Property Details for 153 James Asbury NW Dr

    Year built
    1993
    Lot size
    1.82 lot acres
    Property size
    24,124 SF
    Zone code
    CG
    Property type
    Motels
    APN
    033L C 008.00 000
    APU
    033LC00800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $734,000
      Market price range: $539k - $1.44M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $720,000
      Current use
      WAREHOUSE, STORAGE
      $865,000
      Change: +20% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $685,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.869
    Latitude
    35.2117
    CBSA code
    17420
    CBSA name
    CLEVELAND, TN METROPOLITAN 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
    $9,329
    $393,720
    $254,480
    $648,200
    -
    $984,300
    $636,200
    $1,620,500

    Comparable in this City

    • Value Estimation
      $9,500,000
      50,061 SF

      110 Interstate NW Dr

      MOTEL • 50,061 SF
      110 Interstate NW Dr, Cleveland, TN 37312-2641
      View Details
    • Value Estimation
      $2,700,000
      18,234 SF

      360 Paul Huff NW Pkwy

      MOTEL • 18,234 SF
      360 Paul Huff NW Pkwy, Cleveland, TN 37312-2955
      View Details
    • Value Estimation by Request
      5,400 SF

      179 Bernham NW Dr

      MOTEL • 5,400 SF
      179 Bernham NW Dr, Cleveland, TN 37312-2979
      View Details
    • Value Estimation
      $810,000
      10,261 SF

      210 James Asbury NW Dr

      MOTEL • 10,261 SF
      210 James Asbury NW Dr, Cleveland, TN 37312-2984
      View Details
    • Value Estimation
      $1,050,000
      4,720 SF

      134 James Asbury NW Dr

      MOTEL • 4,720 SF
      134 James Asbury NW Dr, Cleveland, TN 37312-2977
      View Details
    • Value Estimation
      $1,895,000
      2,995 SF

      2655 Westside NW Dr

      MOTEL • 2,995 SF
      2655 Westside NW Dr, Cleveland, TN 37312-3606
      View Details

    Similar Nearby for Sale

    • $750,000
      3.13 Acres

      Prime Cleveland, TN Commercial Land

      3.13 Acres, High Visibility, $750,000
      11 & Paul Huff Pkwy, Cleveland, TN 37312
      View Details
    • $599,000
      Pending

      Commercial Lot on N Lee Hwy

      Commercial lot with development potential near Paul Huff Pkwy.
      4815 N Lee Hwy, Cleveland, TN 37312
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Land in Cleveland, TN

      Residential land for sale in a welcoming East Tennessee community.
      Old Tasso Pl NE, Cleveland, TN 37312
      View Details
    • $150,000
      0.28 Acres

      Commercial Land in Cleveland, TN

      Commercial land available in professional park development near hospital.
      Spg Crk Business Park Dr NE, Cleveland, TN 37312
      View Details
    • $89,900
      1.29 Acres

      Residential Land in Gated Community

      1.29-acre double lot in Bentley Park subdivision.
      115 Bentley Park Dr NW, Cleveland, TN 37312
      View Details
    • $7,200,000

      Iconic Office Building in Cleveland, TN

      Class A office building with high visibility and modern amenities.
      3855 Ocoee St N, Cleveland, TN 37312
      View Details

    Similar Nearby for Lease

    • New
      $3,000 /Mo
      3,000 SF

      Cleveland Office Space For Rent

      3000 SF office space centrally located in Cleveland, TN.
      1855 Executive Pl NW, Cleveland, TN 37312
      View Details
    • $16 SF/Yr

      Cleveland TN Office Space Available

      Centrally located office building with remodeled suite available for lease.
      177 Mouse Creek Rd Nw, Cleveland, TN 37312
      View Details
    • $35 SF/Yr
      12,900 SF

      Retail Space in Cleveland, TN

      New retail development with suites divisible to 1,200 SF.
      5125 North Lee Hwy, Cleveland, TN 37312
      View Details
    • $14 SF/Yr
      7,312 SF

      Executive Park Office Space

      7,312 sq ft Office Building in Cleveland, TN
      1865 Executive Park Dr, Cleveland, TN 37312
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with high traffic volume.
      Stuart Rd NE, Cleveland, TN 37312
      View Details
    • $5,500 /Mo

      Commercial Land on Paul Huff

      2-acre commercial land with high visibility and traffic count.
      Paul Huff Pkwy NW lot 5 & 6, Cleveland, TN 37312
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      927
    • Avg Time on site
      439 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    153 James Asbury NW Dr
    Cleveland, TN 37312-2977
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!