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Property profile & analytics
OFF-MARKET Estimated value $1,695,000
Motels

2589 Georgetown NW Rd Cleveland, TN 37311-3534

13,500 SF 1.36 ac lot Built 1972
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-0957441
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1972
Total area 13,500 SF
Lot 1.36 ac (59,085 SF)
Zoning code CH
APN 041K A 003.01 000
UPID US80-0957441
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
  • OYO Hotel Cleveland, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
$1.26M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.70M
Owner & transaction history
Jayshree Soneji LLC · 1 yrs held
Jayshree Soneji LLC
since 2025
Last sale
$1.7M
7 recorded transactions
2025
$1.7M
2021
$670,000
2018
$575,000
2012
Price N/A
2011
Price N/A
2011
$729,300
2001
$600,000
Zoning & alternative use
CH · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as amended by Ord. 2022-29, August 2022) 2.12 CBD District (Central Business District) (as amended by Ord. 2021- 13, May 2021) Intent, Goals, and…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 2,274.79 ac
Top alternative use upside
Restaurant $1.3M +231.8%
Commercial (general) $1.3M +215.6%
Auto repair, garage $1.2M +187.5%
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