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Property profile & analytics
OFF-MARKET
Estimated value
$11,460,000
Hotels
216 Peregrine Way Knoxville, TN 37922-7502
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0181149
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
CONCRETE
Total area
67,182 SF
Lot
3.04 ac (132,422 SF)
APN
132BA002
UPID
US80-0181149
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
-
Hilton Garden Inn Knoxville West/Cedar Bluff Hotel & Motel
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.46M
Blend (final)
Blend
$11.46M
Owner & transaction history
Knoxville Hotel Hospitality · 23 yrs held
Knoxville Hotel Hospitality
since 2002
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.6M
+53.0%
Neighborhood: shopping center
$12.9M
+45.4%
Auto repair, garage
$10.7M
+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
$8,900,000
Current use
MEDICAL BUILDING
$13,615,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,935,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,740,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$8,975,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.46M
Range $10.31M – $12.61M · ±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
$171 / 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
$84,007
Tax year 2023
Assessed value
$3,897,160
Assessed 2023
Previous assessed
$3,897,160
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$1,815,300
Improvement market value
$7,927,600
Total market value
$9,742,900
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
2004
Construction
CONCRETE
Heating
YES
Stories
4
Units
1
Total area
67,182 SF
Lot
3.04 ac (132,422 SF)
APN
132BA002
UPID
US80-0181149
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
$8.9M
MEDICAL BUILDING
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$10.7M
RETAIL STORES
Est. value
$9.0M
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
2004
Construction
CONCRETE
Heating
YES
Stories
4
Units
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Knoxville Hotel Hospitality
Individual
Mailing address
308 N PETERS RD STE #100, KNOXVILLE, TN 37922-2327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2016
—
Knoxville Hotel Hospitality Ll
—
Deed Of Trust
related
$10,250,000 · Pinnacle Bk
Apr 4, 2006
—
Knoxville Hotel Hospitality Ll
—
Deed Of Trust
related
$10,400,000 · Lasalle National Bank
Dec 12, 2002
$1,177,000
Knoxville Hotel Hospitality
Crm Hospitality Knoxville LLC
Grant Deed
related
—
Jan 28, 1994
$635,749
Pasta Land Partners
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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