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Property profile & analytics
OFF-MARKET Estimated value $1,895,000
Motels

2655 Westside NW Dr Cleveland, TN 37312-3606

2,995 SF 2.22 ac lot Built 1969
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US80-0770226
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1969
Total area 2,995 SF
Lot 2.22 ac (96,703 SF)
Zoning code CH
APN 041F D 012.00 000
UPID US80-0770226
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
  • SF Cleveland Studios Hotel & Motel
  • Ecolodge Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M
Owner & transaction history
Squarefit LLC · 3 yrs held
Squarefit LLC
since 2022
Last sale
$2.0M
4 recorded transactions
2023
Price N/A
2022
$2.0M
2004
$1.5M
1997
Price N/A
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
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