Back to Search
Property profile & analytics
OFF-MARKET
Motels
215 Hall Rd Alcoa, TN 37701-2641
Individually Owned
33-yr Hold
Free & Clear
Property ID
US80-0340593
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Total area
10,246 SF
Lot
0.77 ac (33,541 SF)
Zoning code
E
APN
005047P A 00600
UPID
US80-0340593
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
-
Executive Lodge Hotel & Motel
-
Planet Xchange Alcoa Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Khandubhai M Patel · 33 yrs held
Khandubhai M Patel
since 1993
2 recorded transactions
Zoning & alternative use
E · Alcoa, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
er 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business E (PDF) 2.7 Office 0-3 (PDF) 2.8 Office 0-5 (PDF) 2.9 Interstate Commercial IC (PDF) 2.10 Blank for Future Use (PDF) 2.11 Planned Commercial…
Zone name
General Business
General category
COMMERCIAL
Zone area
898.31 ac
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 Alcoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alcoa 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,693
Tax year 2022
Assessed value
$257,800
Assessed 2023
Previous assessed
$141,200
+82.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$140,440
Assessed improvement
$117,360
Land market value
$351,100
Improvement market value
$293,400
Total market value
$644,500
Applied tax rate
5.0000
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
1953
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
22
Total area
10,246 SF
Lot
0.77 ac (33,541 SF)
Zoning code
E
APN
005047P A 00600
UPID
US80-0340593
Jurisdiction
BLOUNT
Zoning & alternative use
E · Alcoa, TNZoning E · permitted uses
E · Alcoa, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
er 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business E (PDF) 2.7 Office 0-3 (PDF) 2.8 Office 0-5 (PDF) 2.9 Interstate Commercial IC (PDF) 2.10 Blank for Future Use (PDF) 2.11 Planned Commercial Unit Development E-1 (PDF) 2.12 Planned Commercial Light Manufacturing Unit Deve
Zone name
General Business
General category
COMMERCIAL
Zone area
898.31 ac
Building & site characteristics
From public records
Year built
1953
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
22
Lot
0.77 ac
Current owner
From public records · entity-resolved
Khandubhai M Patel
Individual
Free & Clear · 33 yrs held
Mailing address
215 S HALL RD, ALCOA, TN 37701-2641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 1993
$278,000
Khandubhai M Patel
Unknown
Grant Deed
—
Jul 9, 1993
$278,000
Khandubhaim M Patel
Unknown,
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 Hall Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
