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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Motels
210 James Asbury NW Dr Cleveland, TN 37312-2984
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1203557
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Total area
10,261 SF
Lot
0.98 ac (42,872 SF)
Zoning code
CG
APN
033L C 020.00 000
UPID
US80-1203557
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
-
Exclusive Quarters Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Rumssa LLC · 5 yrs held
Rumssa LLC
since 2020
Last sale
$695,000
3 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
Commercial (general)
$890,000
+190.5%
Restaurant
$875,000
+184.6%
Medical building
$705,000
+130.3%
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
$790,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Change: +191% · Conversion: Difficult
RESTAURANT
$875,000
Change: +185% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +123% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $695k (Oct 1 2020)
Last sale anchor
$695k
Oct 1 2020
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
$79 / 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
Assessed value
$313,200
Assessed 2023
Previous assessed
$313,200
+0.0% YoY
Assessed land
$206,080
Assessed improvement
$107,120
Land market value
$515,200
Improvement market value
$267,800
Total market value
$783,000
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
1996
Heating
NONE
Cooling
NONE
Stories
1
Units
28
Rooms
30
Bathrooms
28
Total area
10,261 SF
Lot
0.98 ac (42,872 SF)
Zoning code
CG
APN
033L C 020.00 000
UPID
US80-1203557
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
COMMERCIAL (GENERAL)
Est. value
$890,000
RESTAURANT
Est. value
$875,000
MEDICAL BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$565,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Units
28
Rooms
30
Bathrooms
28
Lot
0.98 ac
Current owner
From public records · entity-resolved
Rumssa LLC
Entity
Mailing address
210 JAMES ASBURY DR NW, CLEVELAND, TN 37312-2984
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
$695,000
Rumssa LLC
Vasant K Patel
Grant Deed
$945,000 · Vasant K & Anjana Patel
Oct 9, 2002
$792,000
Vasant K Etal Patel
Nainee,enterpris
Grant Deed
—
—
—
Vasant K Patel
—
Deed Of Trust
related
$400,000 · Capitalmark Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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