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Property profile & analytics
OFF-MARKET
Motels
2808 Decatur Pike Athens, TN 37303-6980
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-0819061
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
WOOD
Total area
17,504 SF
Lot
1.03 ac (44,867 SF)
Zoning code
B-4
APN
054046 20900
UPID
US80-0819061
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
-
Americas Best Value Inn Athens, TN Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Milan Corp · 11 yrs held
Milan Corp
since 2015
7 recorded transactions
Zoning & alternative use
B-4 · Athens, 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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,786
Tax year 2023
Assessed value
$468,200
Assessed 2023
Effective rate
2.09%
On assessed value
Assessed land
$119,160
Assessed improvement
$349,040
Land market value
$297,900
Improvement market value
$872,600
Total market value
$1,170,500
Applied tax rate
54.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
40
Total area
17,504 SF
Lot
1.03 ac (44,867 SF)
Zoning code
B-4
APN
054046 20900
UPID
US80-0819061
Jurisdiction
MCMINN
Zoning & alternative use
B-4 · Athens, TN
Zoning B-4 · permitted uses
B-4 · Athens, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
40
Lot
1.03 ac
Current owner
From public records · entity-resolved
Milan Corp
Entity
Mailing address
121 ST JAMES ST, SWEETWATER, TN 37874-6288
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Apr 19, 2024
—
Milan Corporation
—
Deed
related
$650,000 · Volunteer Federal Savings Bank
Jun 15, 2015
—
Milan Corp
Patel Harish S
Quit Claim Deed
related
—
Jul 12, 2011
$106,000
Harish S Patel
Milan Corp
Grant Deed
—
Jun 1, 2006
$999,000
Milan Corp
Ramsey,donald F JR & Sarah R
Warranty Deed
$819,000 · Athens Fed'l Community Bank
Jan 1, 1992
$814,000
Donald F Ramsey JR
Unknown
Grant Deed
—
—
—
Milan Corp
—
Deed Of Trust
related
$825,000 · Volunteer Federal S & L Assn
—
—
Milan Corp
—
Deed Of Trust
related
$85,000 · Volunteer Federal S & L Assn
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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