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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Motels
249 Old Hwy 68 Sweetwater, TN 37874
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2420501
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Construction
CONCRETE
Total area
35,752 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C-5
APN
062022K A 01900
UPID
US80-2420501
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
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Nilesh Mistry · 3 yrs held
Nilesh Mistry
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C-5 · Sweetwater, 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 Sweetwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sweetwater 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
$1,535,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,820,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,700,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,065,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.55M (Jun 27 2023)
Last sale anchor
$1.55M
Jun 27 2023
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
$43 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,104
Tax year 2022
Assessed value
$836,040
Assessed 2023
Previous assessed
$693,560
+20.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$80,640
Assessed improvement
$755,400
Land market value
$201,600
Improvement market value
$1,888,500
Total market value
$2,090,100
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
54
Total area
35,752 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C-5
APN
062022K A 01900
UPID
US80-2420501
Jurisdiction
MONROE
Zoning & alternative use
C-5 · Sweetwater, TN
Zoning C-5 · permitted uses
C-5 · Sweetwater, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sweetwater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
54
Lot
1.74 ac
Current owner
From public records · entity-resolved
Nilesh Mistry
Individual
Mailing address
249 OLD HWY 68, SWEETWATER, TN 37874
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
Nilesh Mistry
Nilesh Mistry
Intrafamily Transfer
related
$1,747,819 · Tennessee Valley FCU
Dec 4, 2017
—
Nilesh Mistry
—
Deed
related
$1,205,000 · First Farmers & Com'l Bk
Nov 29, 2017
—
Nilesh Mistry
Gajanand Foods LLC
Quit Claim Deed
related
—
Jun 17, 2009
—
Nilesh Mistry
—
Trustees Deed
related
$717,166 · Citizens National Bank
Apr 22, 2004
$1,549,499
Nilesh Mistry
Bhagat,pravinbha
Grant Deed
—
—
—
Nilesh Mistry
—
Deed Of Trust
related
$350,000 · Athens Fed'l Community Bank
—
—
Nilesh Mistry
—
Deed Of Trust
related
$1,436,921 · Citizens National Bank
—
—
Nilesh Mistry
—
Deed Of Trust
related
$1,205,000 · First Farmers & Com'l Bk
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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