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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Motels
390 Pkwy Parkway Gatlinburg, TN 37738-4900
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1766296
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1968
Total area
7,323 SF
Lot
1.28 ac (55,757 SF)
Zoning code
C-2
APN
078126L C 03500
UPID
US80-1766296
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.04M
Owner & transaction history
Nr Vishnu Gp · 5 yrs held
Nr Vishnu Gp
since 2020
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
C-2 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+255.5%
Commercial (general)
$2.3M
+163.3%
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 Gatlinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gatlinburg 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
$3,190,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,070,000
Change: +256% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,275,000
Change: +163% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $2.80M (Dec 2 2020)
Last sale anchor
$2.80M
Dec 2 2020
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
$415 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,077
Tax year 2021
Assessed value
$254,240
Assessed 2023
Previous assessed
$254,240
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$156,440
Assessed improvement
$97,800
Land market value
$391,100
Improvement market value
$244,500
Total market value
$635,600
Applied tax rate
78.0000
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
1968
Heating
RADIANT
Buildings
2
Stories
1
Units
1
Bathrooms
37
Total area
7,323 SF
Lot
1.28 ac (55,757 SF)
Zoning code
C-2
APN
078126L C 03500
UPID
US80-1766296
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Gatlinburg, TN
Zoning C-2 · permitted uses
C-2 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gatlinburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
COMMERCIAL (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
1968
Heating
RADIANT
Stories
1
Buildings
2
Units
1
Bathrooms
37
Lot
1.28 ac
Current owner
From public records · entity-resolved
Nr Vishnu Gp
Individual
Mailing address
390 E PKWY PARKWAY, GATLINBURG, TN 37738-4900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
$2,800,000
Nr Vishnu Gp
Riverchase Hospitality LLC
Warranty Deed
$2,150,000 · Riverchase Hospitality LLC
Dec 28, 2018
$1,100,000
Dollywood Lane Hospitality
Greenstenn,maury
Grant Deed
—
Dec 28, 2018
—
Dollywood Lane Hospitality LLC
Greenstein,maury
Quit Claim Deed
related
—
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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