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Property profile & analytics
OFF-MARKET
Motels
523 Pkwy Parkway Gatlinburg, TN 37738-4905
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1578411
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Total area
5,024 SF
Lot
92 ac (4,007,520 SF)
Zoning code
C-2
APN
078126E D 00200
UPID
US80-1578411
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patel Dia LLC · 10 yrs held
Patel Dia LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Gatlinburg, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,310
Tax year 2021
Assessed value
$206,440
Assessed 2023
Previous assessed
$206,440
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$133,960
Assessed improvement
$72,480
Land market value
$334,900
Improvement market value
$181,200
Total market value
$516,100
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
1965
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
26
Total area
5,024 SF
Lot
92 ac (4,007,520 SF)
Zoning code
C-2
APN
078126E D 00200
UPID
US80-1578411
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.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
26
Lot
92 ac
Current owner
From public records · entity-resolved
Patel Dia LLC
Entity
Free & Clear · 10 yrs held
Mailing address
523 E PKWY PARKWAY, GATLINBURG, TN 37738-4905
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2016
$1,500,000
Patel Dia LLC
Double K Hospitality LLC
Warranty Deed
—
Jan 17, 2013
—
Double K Hospitality LLC
—
Trustees Deed
related
$17,900 · Mountain National Bank
Dec 5, 2012
$885,000
Double K Hospitality LLC
Mountain Natl Bk
Trustees Deed
$1,272,250 · Mountain National Bank
Dec 8, 2011
$860,000
Natl Bk Mountain
Dickenson,thomas H
Trustees Deed
—
Jan 4, 2008
—
Guru Investment LLC
—
Trustees Deed
related
$100,000 · Mountain National Bank
Oct 18, 2005
$2,301,000
Guru Investment LLC
Jardosh Rashmin Trust
Trustees Deed
$1,876,305 · Mountain National Bank
Dec 20, 2004
—
Jardosh Rashmin Trust
Jardosh,rashmin R & Bharti R
Quit Claim Deed
related
—
May 17, 1994
$950,000
Rashmin R Jardosh
Unknown
Grant Deed
—
—
—
Guru Investment LLC
—
Deed Of Trust
related
$75,000 · Mountain National 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.
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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