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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Motels
2355 Executive NW Park Cleveland, TN 37312
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1230507
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Total area
41,963 SF
Lot
12.1 ac (527,076 SF)
Zoning code
CG
APN
041F A 008.00 000
UPID
US80-1230507
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.85M
Owner & transaction history
Executive Park Lodge LLC · 4 yrs held
Executive Park Lodge LLC
since 2022
Last sale
$2.8M
4 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)
$3.6M
+190.5%
Restaurant
$3.6M
+184.6%
Medical building
$2.9M
+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
$2,500,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,645,000
Change: +191% · Conversion: Difficult
RESTAURANT
$3,570,000
Change: +185% · Conversion: Difficult
MEDICAL BUILDING
$2,890,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$2,795,000
Change: +123% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,300,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $2.80M (Feb 3 2022)
Last sale anchor
$2.80M
Feb 3 2022
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
$68 / 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
$3,000
Tax year 2023
Assessed value
$477,200
Assessed 2023
Previous assessed
$477,200
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$311,400
Assessed improvement
$165,800
Land market value
$778,500
Improvement market value
$414,500
Total market value
$1,193,000
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
1974
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
149
Rooms
2304
Bathrooms
149
Total area
41,963 SF
Lot
12.1 ac (527,076 SF)
Zoning code
CG
APN
041F A 008.00 000
UPID
US80-1230507
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
$3.6M
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
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
1974
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
149
Rooms
2304
Bathrooms
149
Lot
12.1 ac
Current owner
From public records · entity-resolved
Executive Park Lodge LLC
Entity
Mailing address
400 GALLERIA PKWY SE STE #1140, ATLANTA, GA 30339-6071
Ownership since
2022
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
Mar 4, 2022
—
Executive Park Lodge LLC
—
Deed
related
$2,100,750 · Andrew Johnson Bank
Feb 3, 2022
$2,801,000
Executive Park Lodge LLC
Mccleve LLC
Limited Warranty Deed
$5,500,000 · Millenium Investment Group LLC
Dec 5, 2014
$50,000
Sonlight LLC
Enclave Properties LLC
Deed In Lieu Of Foreclosure
related
—
Jun 20, 2014
$2,500,000
Enclave Properties LLC
Sonlight LLC
Warranty Deed
$2,000,000 · Dale R Hughes
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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