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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Hotels
208 Market Pl Blvd Knoxville, TN 37922-2358
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-3515290
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
LIGHT FRAME
Total area
3,728 SF
Lot
3.27 ac (142,441 SF)
APN
119 02805
UPID
US80-3515290
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 PLUS+ & Suites Knoxville West - Cedar Bluff Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$635k
Owner & transaction history
Narayani INC · 10 yrs held
Narayani INC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$755,000
+53.0%
Neighborhood: shopping center
$720,000
+45.4%
Auto repair, garage
$595,000
+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
$495,000
Current use
MEDICAL BUILDING
$755,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$170 / 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
$88,567
Tax year 2023
Assessed value
$2,387,520
Assessed 2023
Previous assessed
$2,387,520
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,915,000
Improvement market value
$4,053,800
Total market value
$5,968,800
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
1989
Construction
LIGHT FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
3,728 SF
Lot
3.27 ac (142,441 SF)
APN
119 02805
UPID
US80-3515290
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
$495,000
MEDICAL BUILDING
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RETAIL STORES
Est. value
$500,000
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
1989
Construction
LIGHT FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Narayani INC
Entity
Free & Clear · 10 yrs held
Mailing address
208 MARKET PL BLVD, KNOXVILLE, TN 37922-2358
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2016
$3,400,000
Narayani INC
Cedar Bluff Hospitality LLC
Special Warranty Deed
—
Dec 27, 2005
$4,400,000
Cedar Bluff Hospitality LLC
Lasalle Bank NA
Special Warranty Deed
$4,560,000 · Branch Banking And Trust Co
Oct 6, 2004
$4,068,000
Salomon Brothers Mtg Securitie
Rsv Knoxville
Grant Deed
related
—
Sep 12, 1995
—
C I Tennessee INC
C,i Tennessee In
Quit Claim Deed
related
—
Jul 8, 1992
$565,000
Clubhouse Properties INC
Unknown,
Grant Deed
—
Oct 1, 1988
$565,000
Clubhouse Properties INC
Unknown
Grant Deed
—
—
—
Cedar Bluff Hospitality LLC
—
Deed Of Trust
related
$425,589 · Citizens National Bank
—
—
Cedar Bluff Hospitality LLC
—
Deed Of Trust
related
$6,250,000 · 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.
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