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Property profile & analytics
OFF-MARKET Estimated value $895,000
Motels

240 Riv Rd Gatlinburg, TN 37738-3208

16,777 SF 2.07 ac lot Built 1955
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US80-1393220
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1955
Total area 16,777 SF
Lot 2.07 ac (90,169 SF)
Zoning code C-2
APN 078126K D 01700
UPID US80-1393220
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
  • River Terrace Resort and Convention Center Hotel & Motel Resort
  • River Terrace Wedding Services Wedding Service Event Planning
  • Gatlinburg Screenfest Film Festival Music Venue
  • Drafts Burger Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$696k
Blend (final) Blend
$895k
Owner & transaction history
Westgate River Terrace LLC · 20 yrs held
Westgate River Terrace LLC
since 2006
7 recorded transactions
2006
$1.0M
2001
Price N/A
1995
$2.3M
1992
$2.3M
1989
$8.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial District, C-2 General Business District, and/or C-5 Crafts Commercial District. OWNER: Any person, agent, firm, or corporation having a legal or equitable interest in the property. PARKING LOT: An open area, other than a street, used for the parking of automobiles. PARKING SPACE : A space within a building or private or public parking lot, exclusi…

Zone name General Business
General category COMMERCIAL
Zone area 1,413.24 ac
Source Documents | City of Gatlinburg
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