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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Hotels
35 Hobson Way Rome, GA 30161-7204
Individually Owned
19-yr Hold
Free & Clear
Property ID
US22-2355661
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD FRAME
Total area
47,136 SF
Lot
2 ac (87,120 SF)
Zoning code
C-C
APN
K15X- -026B -
UPID
US22-2355661
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
-
Electric Circuit Charging Station Electric Vehicle Charging Station
-
Holiday Inn Express & Suites Rome, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.43M
Owner & transaction history
Laxesh · 19 yrs held
Laxesh
since 2007
5 recorded transactions
Zoning & alternative use
C-C · Rome, GA
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 Rome submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rome 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,870,000
Current use
MEDICAL BUILDING
$2,655,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,405,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$52 / 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
$68,823
Tax year 2023
Assessed value
$1,960,000
Assessed 2023
Previous assessed
$1,960,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$40,786
Assessed improvement
$1,919,214
Land market value
$101,964
Improvement market value
$4,798,036
Total market value
$4,900,000
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
HEAT PUMP
Total area
47,136 SF
Lot
2 ac (87,120 SF)
Zoning code
C-C
APN
K15X- -026B -
UPID
US22-2355661
Jurisdiction
FLOYD
Zoning & alternative use
C-C · Rome, GA
Zoning C-C · permitted uses
C-C · Rome, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rome. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.4M
HOTEL/MOTEL Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2008
Construction
WOOD FRAME
Heating
HEAT PUMP
Lot
2 ac
Current owner
From public records · entity-resolved
Laxesh
Individual
Free & Clear · 19 yrs held
Mailing address
35 HOBSON WAY, ROME, GA 30161-7204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Laxesh LP
—
Deed
related
$4,182,119 · Miscellaneous Ins Co
Jun 25, 2007
—
Laxesh
Patel,anita A
Warranty Deed
related
—
—
—
Laxesh LP
—
Loan Modification
related
$4,182,119 · Miscellaneous Ins Co
—
—
Laxesh LP
—
Loan Modification
related
$4,300,000 · Bank Of The Ozarks
—
—
Laxesh LP
—
Loan Modification
related
$4,300,000 · Bank Of The Ozarks
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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