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Property profile & analytics
OFF-MARKET Estimated value $6,550,000
Motels

2815 Westside NW Dr Cleveland, TN 37312-3569

47,155 SF 2.08 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-0845039
Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 47,155 SF
Lot 2.08 ac (90,605 SF)
Zoning code CH
APN 041F D 010.01 000
UPID US80-0845039
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
  • Fairfield Inn & Suites Cleveland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.94M
CAP Approach CAP
$4.40M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.55M
Owner & transaction history
Westside Hospitality LLC · 3 yrs held
Westside Hospitality LLC
since 2023
Last sale
$7.0M
5 recorded transactions
2023
$7.0M
2006
$500,000
1969
Price N/A
1969
Price N/A
1969
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
Top alternative use upside
Commercial (general) $4.1M +190.5%
Restaurant $4.0M +184.6%
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