211 Historic Nature Trl Gatlinburg, TN 37738-3323
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Microtel Inn & Suites by Wyndham Gatlinburg Hotel & Motel
residential uses in the C-1 (Central Business) District, with the exception of lodging establishments such as Hotels, Motels, Bed and Breakfasts, and similar services. Where there is a combination of uses on a lot, the required number of parking spaces shall be the sum of that found for each use; this regulation is not applicable to us es located within the…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Gatlinburg, TNresidential uses in the C-1 (Central Business) District, with the exception of lodging establishments such as Hotels, Motels, Bed and Breakfasts, and similar services. Where there is a combination of uses on a lot, the required number of parking spaces shall be the sum of that found for each use; this regulation is not applicable to us es located within the Central Business (C -1) District which are exempt from providing parking according to Section 402 of this document The number of automobile parking spaces provided shall be at least as great as the number specified below for various uses. Each space shall have a minimum width of ten (10) feet and a minimum length of twenty (20 feet) for each parking space and shall have vehicular access to a public street. Parallel parking spaces shall not be less than nine (9) feet wide and not be less than twenty-two (22) feet in length. All parking spaces shall be striped, except private garages or parking areas for the exclusive use of single-family dwellings. A Turning space shall be provided so that no vehicle will be required to back into the street. 1. The lot must be located in an R-1 or R-1A zoning district; 2. The lot must be located adjacent to a minor residential street as designated on the Official Street Classification Map for the City of Gatlinburg. 3. The lot must be located on the downside of the public right-of-way giving access to the lot; 4. The on-site parking area must be level with the street; 5. The area utilized for parking and backing out must be situated in such a manner as to insure adequate and safe sight distances as determined by the Gatlinburg Building and Planning Departments; 17 6. The average slope of the proposed building site must exceed 30 percent (as verified by a licensed surveyor). 402.1 AUTOMOBILE REPAIR GARAGES: One space for each regular employee plus one space for each 250 square feet of floor space used for repair work. 402.2 CHURCHES: One space for each four (4) seats. 402.3 CLUBS and LODGES: One space for each three hundred (300) square feet of floor space. 402.4 DWELLINGS: 402.4.1 SINGLE and DUPLEX - Three-quarter (.75) of a parking space per bedroom, minimum of two (2) spaces. 402.4.2 Multi-Family Units with: a) A maximum of 600 square feet total floor area: 1.1 spaces per unit. b) A maximum of 900 square feet total floor area: 1.25 spaces per unit. c) A maximum of 1,200 square feet total floor area: 1.5 spaces per unit. d) A maximum of 1,500 square feet total floor area: 1.75 spaces per unit. e) More than 1,500 square feet total floor area: two (2) spaces per unit.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.