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Property profile & analytics
OFF-MARKET
Estimated value
$8,870,000
Hotels
205 Langley Pl Knoxville, TN 37922-2352
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0598527
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2003
Construction
METAL FRAME
Total area
52,006 SF
Lot
1.42 ac (61,855 SF)
APN
132 00103
UPID
US80-0598527
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
-
TownePlace Suites Knoxville Cedar Bluff Hotel & Motel
-
Larissa Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$8.87M
Owner & transaction history
Strong Hospitality LLC · 1 yrs held
Strong Hospitality LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+53.0%
Neighborhood: shopping center
$10.0M
+45.4%
Auto repair, garage
$8.3M
+20.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,890,000
Current use
MEDICAL BUILDING
$10,540,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,015,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,315,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$6,945,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.87M
Range $7.98M – $9.76M · ±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
$171 / 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
$50,995
Tax year 2023
Assessed value
$3,281,560
Assessed 2023
Previous assessed
$3,281,560
+0.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$1,873,600
Improvement market value
$6,330,300
Total market value
$8,203,900
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
2003
Construction
METAL FRAME
Heating
YES
Stories
4
Units
1
Total area
52,006 SF
Lot
1.42 ac (61,855 SF)
APN
132 00103
UPID
US80-0598527
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
$6.9M
MEDICAL BUILDING
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$8.3M
RETAIL STORES
Est. value
$6.9M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
2003
Construction
METAL FRAME
Heating
YES
Stories
4
Units
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Strong Hospitality LLC
Entity
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$9,350,000
Strong Hospitality LLC
Apple Ten Hospitality Ownership INC
Special Warranty Deed
$9,000,000 · Community Trust Bank INC
Aug 19, 2011
$6,997,300
Apple Ten Spe Knoxville I INC
Mckibbon Hotel Group Of Knoxville T
Special Warranty Deed
—
Aug 19, 2011
$750,000
Mckibbon Hotel Group Of Knoxvi 3
Mckibbon Hotel Group INC
Grant Deed
related
—
May 12, 2004
$775,000
Equity Inns Partnership
Mckibbon Brothers INC
Warranty Deed
related
—
Sep 30, 1996
$682,686
Esa 0121 INC
—
Grant Deed
related
—
Jul 3, 1996
$432,894
Martina M Mckeon
Hmlj Investments
Grant Deed
$68,300 · Ornl FCU
May 24, 1996
$432,894
Mckibbon Brothers INC
Mckibbon,brother
Grant Deed
related
—
Apr 8, 1996
—
Investments L P Hmlj
—
Deed Of Trust
related
—
Mar 12, 1996
$591,700
Resources Christian Lifestyles
Langley,helen S
Grant Deed
$620,000 · Areawide Development Co
Jan 13, 1995
$591,700
Christian,resources LLC
—
Grant Deed
related
—
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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