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Property profile & analytics
OFF-MARKET
Estimated value
$7,580,000
Hotels
209 Market Pl Blvd Knoxville, TN 37922-2377
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-1973025
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
LIGHT FRAME
Total area
60,697 SF
Lot
1.89 ac (82,328 SF)
APN
119 02806
UPID
US80-1973025
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
-
Baymont by Wyndham Knoxville/Cedar Bluff Hotel & Motel
-
David Potter Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$7.58M
Owner & transaction history
Patco Realty Co LLC · 11 yrs held
Patco Realty Co LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+53.0%
Neighborhood: shopping center
$11.7M
+45.4%
Auto repair, garage
$9.7M
+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
$8,040,000
Current use
MEDICAL BUILDING
$12,305,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,690,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,705,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$8,105,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$7.58M
Range $6.82M – $8.34M · ±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
$125 / 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
$80,213
Tax year 2023
Assessed value
$2,162,320
Assessed 2023
Previous assessed
$2,162,320
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,431,800
Improvement market value
$3,974,000
Total market value
$5,405,800
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
Stories
3
Units
1
Total area
60,697 SF
Lot
1.89 ac (82,328 SF)
APN
119 02806
UPID
US80-1973025
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
$8.0M
MEDICAL BUILDING
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$9.7M
RETAIL STORES
Est. value
$8.1M
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
3
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Patco Realty Co LLC
Entity
Free & Clear · 11 yrs held
Mailing address
335 MAIN ST, HACKENSACK, NJ 07601-5804
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
B Meltel LLC
—
Grant Deed
related
$2,000,000,000 · Deutsche Bk Tr Co Americas
Oct 10, 2014
$2,975,000
Patco Realty Co LLC
Colfin Jih Ahi Properties LLC
Grant Deed
—
Aug 15, 2006
—
Jer/jameson Properties LLC
Jameson Properties Of Tennessee LP
Quit Claim Deed
related
$175,000,000 · Wachovia Bank NA
May 16, 1994
$3,845,000
Signature Knoxville
Unknown,
Grant Deed
—
Jul 1, 1988
$623,250
Signature Inn INC
Unknown
Grant Deed
—
—
—
T14 Unison Site Management LLC
—
Deed Of Trust
related
$650,000,000 · Deutsche Bk Tr Co Americas
—
—
Colfin Jih Ahi Properties LLC
—
Deed Of Trust
related
$175,000,000 · Us Bk NA Seri 2006-whale7 (ce)
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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