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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Motels
3660 Andrew Johnson Hwy Morristown, TN 37814-3602
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-3381155
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Total area
43,878 SF
Lot
1.76 ac (76,666 SF)
APN
032040 07202
UPID
US80-3381155
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
-
Quality Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Shailesh Shah · 13 yrs held
Shailesh Shah
since 2013
7 recorded transactions
Zoning & alternative use
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$20 / 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
Property tax & assessments
Assessed value
$1,185,640
Assessed 2023
Previous assessed
$1,185,640
+0.0% YoY
Assessed land
$190,640
Assessed improvement
$995,000
Land market value
$476,600
Improvement market value
$2,487,500
Total market value
$2,964,100
Applied tax rate
32.0000
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
1992
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
101
Bathrooms
86
Total area
43,878 SF
Lot
1.76 ac (76,666 SF)
APN
032040 07202
UPID
US80-3381155
Jurisdiction
HAMBLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
101
Bathrooms
86
Lot
1.76 ac
Current owner
From public records · entity-resolved
Shailesh Shah
Individual
Mailing address
809 COLONIAL DR, MORRISTOWN, TN 37814-2558
Ownership since
2013
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
May 16, 2013
$2,360,500
Shailesh Shah
Suvarna Shiva LLC Of Morristown
Warranty Deed
—
May 15, 2013
$2,360,500
Shailesh Shah
Suvarna Shiva LLC Of Morri
Warranty Deed
$1,948,400 · Citizens Bank Of Blount County
Jan 21, 2004
$3,000,000
Shiva Suvarna LLC Of Morristow
Lakeway Hotels
Grant Deed
—
Oct 5, 1994
—
Collis Food INC
Collis Foods INC
Quit Claim Deed
related
—
Aug 29, 1991
$90,000
Dalla Coffman
Unknown,
Grant Deed
—
—
—
Shailesh Shah
—
Deed Of Trust
related
$191,250 · Citizens Bank Blount County
—
—
Suvarna Shiva LLC
—
Deed Of Trust
related
$100,000 · Jefferson Federal Bank
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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