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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Hotels
6324 Papermill Dr Knoxville, TN 37919-4810
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-2099778
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
48,370 SF
Lot
1.52 ac (66,211 SF)
APN
121AA00807
UPID
US80-2099778
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
-
Turkey Creek Hospitality Hotel & Motel Bed & Breakfast
-
Holiday Inn Express & Suites Knoxville West - Papermill Dr, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.25M
Blend (final)
Blend
$8.25M
Owner & transaction history
Knoxville Hotel Group Gp · 15 yrs held
Knoxville Hotel Group Gp
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.8M
+84.9%
Medical building
$9.8M
+53.0%
Auto repair, garage
$7.7M
+20.7%
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 Knoxville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knoxville 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
HOTEL/MOTEL
$6,405,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,845,000
Change: +85% · Conversion: Difficult
MEDICAL BUILDING
$9,805,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,730,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$6,460,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±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
$171 / 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
$106,908
Tax year 2023
Assessed value
$2,881,920
Assessed 2023
Previous assessed
$2,881,920
+0.0% YoY
Effective rate
3.71%
On assessed value
Land market value
$943,200
Improvement market value
$6,261,600
Total market value
$7,204,800
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
2013
Heating
YES
Stories
5
Units
1
Total area
48,370 SF
Lot
1.52 ac (66,211 SF)
APN
121AA00807
UPID
US80-2099778
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES
Est. value
$6.5M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Heating
YES
Stories
5
Units
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Knoxville Hotel Group Gp
Entity
Mailing address
105 STADIUM DR, KODAK, TN 37764-1574
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 21, 2020
—
Knoxville Hotel Group Gp
—
Deed
related
$4,350,000 · First Freedom Bk
Jun 7, 2013
—
Knoxville Hotel Group
—
Trustees Deed
related
$210,000 · Fsgbank
Jul 30, 2010
$1,100,000
Knoxville Hotel Group Gp
Nhs Dev LLC
Warranty Deed
$275,000 · Nhs Dev LLC
—
—
Knoxville Hotel Group
—
Deed Of Trust
related
$3,509,949 · Fsg Bank
—
—
Knoxville Hotel Group Gp
—
Loan Modification
related
$4,350,000 · First Freedom Bk
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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