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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Motels
218 Ski Mtn Rd Gatlinburg, TN 37738-3125
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-1865768
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Total area
42,609 SF
Lot
0.78 ac (33,977 SF)
Zoning code
C-2
APN
078126O B 04600
UPID
US80-1865768
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
-
SureStay Plus By Best Western Gatlinburg Hotel & Motel
-
Family Inns of America Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Laxmi Hotels Of Gat INC · 13 yrs held
Laxmi Hotels Of Gat INC
since 2013
4 recorded transactions
Zoning & alternative use
C-2 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gatlinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gatlinburg 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
$46 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$11,290
Tax year 2021
Assessed value
$704,280
Assessed 2023
Previous assessed
$704,280
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$151,200
Assessed improvement
$553,080
Land market value
$378,000
Improvement market value
$1,382,700
Total market value
$1,760,700
Applied tax rate
78.0000
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
1988
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
55
Total area
42,609 SF
Lot
0.78 ac (33,977 SF)
Zoning code
C-2
APN
078126O B 04600
UPID
US80-1865768
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Gatlinburg, TN
Zoning C-2 · permitted uses
C-2 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gatlinburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
55
Lot
0.78 ac
Current owner
From public records · entity-resolved
Laxmi Hotels Of Gat INC
Entity
Mailing address
9024 PNE LAUREL DR, WEDDINGTON, NC 28104-8056
Ownership since
2013
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
May 20, 2024
—
Laxmi Hotels Of Gat INC
—
Deed
related
$2,000,000 · Tennessee State Bank
Mar 8, 2017
—
Laxmi Hotels Of Gat INC
—
Deed
related
$2,400,000 · Uwharrie Bank
Apr 16, 2013
$2,200,000
Laxmi Hotels Of Gat INC
Di-tn No 2 LLC
Grant Deed
$1,819,500 · Cabarrus Bk&tr
Nov 26, 2012
$9,300,000
Di-tn No 2 LLC
Tarpy Lynn
Trustees 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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