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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Motels
156 James Asbury NW Dr Cleveland, TN 37312-2977
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-1529363
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1991
Total area
28,372 SF
Lot
1.7 ac (73,982 SF)
Zoning code
CG
APN
033L C 004.00 000
UPID
US80-1529363
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
-
Red Roof Inn & Suites Cleveland, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$735k
Owner & transaction history
Sai Leela General Ptshp · 12 yrs held
Sai Leela General Ptshp
since 2014
7 recorded transactions
Zoning & alternative use
CG · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of s…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
392.96 ac
Top alternative use upside
Warehouse, storage
$1.0M
+19.8%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$850,000
Current use
WAREHOUSE, STORAGE
$1,015,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$810,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$26 / 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
$10,586
Tax year 2023
Assessed value
$735,560
Assessed 2023
Previous assessed
$735,560
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$343,120
Assessed improvement
$392,440
Land market value
$857,800
Improvement market value
$981,100
Total market value
$1,838,900
Applied tax rate
6.0000
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
1991
Heating
NONE
Cooling
NONE
Stories
1
Units
52
Rooms
58
Bathrooms
52
Total area
28,372 SF
Lot
1.7 ac (73,982 SF)
Zoning code
CG
APN
033L C 004.00 000
UPID
US80-1529363
Jurisdiction
BRADLEY
Zoning & alternative use
CG · Cleveland, TNZoning CG · permitted uses
CG · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
General Commercial
General category
COMMERCIAL
Zone area
392.96 ac
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$810,000
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1991
Heating
NONE
Cooling
Yes
Stories
1
Units
52
Rooms
58
Bathrooms
52
Lot
1.7 ac
Current owner
From public records · entity-resolved
Sai Leela General Ptshp
Individual
Mailing address
156 JAMES ASBURY DR NW, CLEVELAND, TN 37312-2977
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2014
$1,600,000
Sai Leela General Ptshp
Cnj Ents
Warranty Deed
$1,600,000 · Bank Of Cleveland
Jun 14, 2011
—
Cnj Ents
C & J Ents LLC
Quit Claim Deed
related
—
Nov 23, 2009
—
C Ents
—
Trustees Deed
related
$50,000 · Bank Of Cleveland
May 27, 2008
$1,600,000
C Ents
Brijesh Ent
Warranty Deed
$1,582,543 · Bank Of Cleveland
Apr 12, 2007
$2,000,000
Brijesh Ent
Krishna Associates
Grant Deed
$1,600,000 · Bank Of Cleveland
Jun 17, 1991
$1,200,000
Krishna Associates
Unknown
Grant Deed
—
—
—
Sai Leela General Ptshp
—
Deed Of Trust
related
$58,000 · Bank Of Cleveland
—
—
Krishna Associates
—
Deed Of Trust
related
$48,000 · Bank Of Cleveland
—
—
Krishna Associates
—
Deed Of Trust
related
$213,506 · Bank Of Cleveland
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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