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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Motels
309 Heritage Dr Tyler, TX 75703-5167
Entity Owned
10-yr Hold
Free & Clear
Property ID
US83-4265046
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2017
Total area
47,955 SF
Lot
2.05 ac (89,472 SF)
APN
1-50000-1434-01-016080
UPID
US83-4265046
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 Tyler South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.05M
Owner & transaction history
Raj Patel Hospitality LLC · 10 yrs held
Raj Patel Hospitality LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+5.7%
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 Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler 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
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,060,000
Current use
INDUSTRIAL (GENERAL)
$1,125,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10%
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
$22 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$97,634
Tax year 2023
Assessed value
$5,600,900
Assessed 2023
Previous assessed
$5,600,900
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$805,158
Assessed improvement
$4,795,742
Land market value
$805,158
Improvement market value
$4,795,742
Total market value
$5,600,900
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
2017
Heating
NONE
Buildings
3
Total area
47,955 SF
Lot
2.05 ac (89,472 SF)
APN
1-50000-1434-01-016080
UPID
US83-4265046
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
HOTEL/MOTEL Current
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
2017
Heating
NONE
Buildings
3
Lot
2.05 ac
Current owner
From public records · entity-resolved
Raj Patel Hospitality LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 17047, JONESBORO, AR 72403-6718
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2019
—
Raj Patel Hospitality LLC
—
Deed
related
$565,000 · State Bk/tx
Mar 7, 2019
—
Raj Patel Hospitality LLC
—
Deed
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
Nov 5, 2018
—
Raj Patel Hospitality LLC
—
Deed
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
Aug 10, 2018
—
Raj Patel Hospitality LLC
—
Deed
related
$367,000 · First Fed'l Cmnty Bk Ssb
May 16, 2018
—
Raj Patel Hospitality
—
Deed
related
$350,000 · First Fed'l Cmnty Bk Ssb
Mar 6, 2018
—
Raj Patel Hospitality LLC
—
Trustees Deed
related
$4,800,000 · First Fed'l Cmnty Bk /bucyrus
Nov 20, 2017
—
Raj Patel Hospitalityllc
—
Deed
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
Jan 25, 2016
—
Raj Patel Hospitality LLC
Jalapeno Tree Holdings LLC
Grant Deed
related
—
Sep 20, 2007
—
Jalapeno Tree Holdings LLC
—
Trustees Deed
related
$920,000 · Citizens First National Bank
Aug 23, 2007
—
Jalapeno Tree Holdings
—
Trustees Deed
related
$920,000 · Citizens First National Bank
Feb 13, 2006
—
Jalapeno Tree Holdings Ltd
Rhp Real Estate Ltd
Warranty Deed
related
$845,000 · Citizens First National Bank
—
—
Raj Patel Hospitality LLC
—
Loan Modification
related
$350,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitality LLC
—
Loan Modification
related
$350,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitality LLC
—
Deed Of Trust
related
$565,000 · State Bk/tx
—
—
Raj Patel Hospitality LLC
—
Loan Modification
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitality LLC
—
Loan Modification
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitalityllc
—
Loan Modification
related
$4,800,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitality LLC
—
Deed Of Trust
related
$367,000 · First Fed'l Cmnty Bk Ssb
—
—
Raj Patel Hospitality
—
Loan Modification
related
$350,000 · First Fed'l Cmnty Bk Ssb
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.
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