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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Hotels
420 Illinois Ave Oak Ridge, TN 37830
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-3479445
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
CONCRETE
Total area
62,174 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B2
APN
001105D A 00500
UPID
US80-3479445
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
-
Kisna Hospitality Hotel & Motel
-
Staybridge Suites Knoxville Oak Ridge, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Kissmat Associates · 9 yrs held
Kissmat Associates
since 2017
7 recorded transactions
Zoning & alternative use
B2 · Oak Ridge, TN
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 Oak Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Ridge 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,760,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,355,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,000,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,865,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$44 / 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
$2,484,560
Assessed 2023
Previous assessed
$2,484,560
+0.0% YoY
Assessed land
$89,560
Assessed improvement
$2,395,000
Land market value
$223,900
Improvement market value
$5,987,500
Total market value
$6,211,400
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
2007
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
901
Bathrooms
33
Total area
62,174 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B2
APN
001105D A 00500
UPID
US80-3479445
Jurisdiction
ANDERSON
Zoning & alternative use
B2 · Oak Ridge, TN
Zoning B2 · permitted uses
B2 · Oak Ridge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Ridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
901
Bathrooms
33
Lot
2.14 ac
Current owner
From public records · entity-resolved
Kissmat Associates
Entity
Free & Clear · 9 yrs held
Mailing address
420 S ILLINOIS AVE, OAK RIDGE, TN 37830-7509
Ownership since
2017
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
Jan 11, 2017
—
Kissmat Associates
Industrial Dev Board Of City/oak
Quit Claim Deed
related
—
Jul 6, 2007
—
Industrial Development Board Of C
Kissmat Associates LLC
Quit Claim Deed
related
—
Oct 19, 2006
—
Kissmat Associates
Nshe Brandon LLC
Quit Claim Deed
—
May 1, 2006
$725,000
Wshe Brandon LLC
Lms Investments LLC
Warranty Deed
—
Sep 22, 2005
$125,000
A & M Holdings LLC
Lms Investments LLC
Warranty Deed
related
—
Jul 8, 2005
$600,000
Lms Investments LLC
Ramada Inn
Trustees Deed
—
—
—
Kissmat Associates
—
Deed Of Trust
related
$400,000 · Citizens Bank Blount County
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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