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Property profile & analytics
OFF-MARKET
Estimated value
$5,445,000
Hotels
2423 Teaster Ln Pigeon Forge, TN 37863-5265
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1185313
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,872 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C-4
APN
078083 10809
UPID
US80-1185313
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
-
Comfort Suites Mountain Mile Area Hotel & Motel
-
Vista Suites Pigeon Forge, SureStay Collection By Best Western Hotel & Motel
-
Vista Suites Pigeon Forge TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
$5.63M
Blend (final)
Blend
$5.45M
Owner & transaction history
Rudraksh Corporation · 4 yrs held
Rudraksh Corporation
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
C-4 · Pigeon Forge, 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 Pigeon Forge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pigeon Forge 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
$5,345,000
ML approach
$6,015,000
CAP Approach
CAP Return
Estimation
6%
$4,620,000
6.5%
$4,265,000
7%
$3,960,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,585,000
Current use
AUTO REPAIR, GARAGE
$5,950,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±10% · vs last sale $5.40M (May 18 2022)
Last sale anchor
$5.40M
May 18 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
$97 / 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
$29,829
Tax year 2021
Assessed value
$1,813,080
Assessed 2023
Previous assessed
$1,813,080
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$181,680
Assessed improvement
$1,631,400
Land market value
$454,200
Improvement market value
$4,078,500
Total market value
$4,532,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
100
Total area
55,872 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C-4
APN
078083 10809
UPID
US80-1185313
Jurisdiction
SEVIER
Zoning & alternative use
C-4 · Pigeon Forge, TN
Zoning C-4 · permitted uses
C-4 · Pigeon Forge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pigeon Forge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.0M
HOTEL/MOTEL Current
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
100
Lot
2.68 ac
Current owner
From public records · entity-resolved
Rudraksh Corporation
Entity
Mailing address
2423 TEASTER LN, PIGEON FORGE, TN 37863-5265
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$5,400,000
Rudraksh Corporation
Pigeon Forge Hospitality LLC
Warranty Deed
$4,250,000 · Consumer Cu
Jun 15, 2017
$5,700,000
Pigeon Forge Hospitality LLC
Shiv Om LLC
Warranty Deed
—
Aug 20, 2015
—
Shiv Om LLC
Ashish R Patel
Quit Claim Deed
related
$4,600,000 · Tennessee State Bank
Jul 5, 2012
—
Ashish R Patel
Patel,pratima A
Quit Claim Deed
related
—
Jan 10, 2007
—
Ashish R Patel
—
Trustees Deed
related
$480,000 · Mountain National Bank
Jun 16, 2006
$4,600,000
Ashish R Patel
Jhm Sevier Hospitality INC
Grant Deed
$4,000,000 · Mountain National Bank
—
—
Ashish R Patel
—
Deed Of Trust
related
$1,050,480 · Mountain National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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