Property profile

8934 Lee Hwy Ooltewah, TN 37363

OFF-MARKET
Motels
Property ID
US80-0921736
19,773 SF 1.74 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1987
Total area 19,773 SF
Lot 1.74 ac (75,794 SF)
Zoning code C2
APN 131 075.01
UPID US80-0921736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

8934 Lee Hwy Ooltewah, TN 37363-7276
Ooltewah metro Census 11205 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
$1.91M
Blend (final) Blend
$3.92M

Owner & transaction history

since 2023
Last sale
$4.0M
7 recorded transactions
2023
$4.0M
2010
Price N/A
2010
Price N/A
2006
$1.9M
2005
$1.2M
2004
$250,000
1969
Price N/A

Zoning & alternative use

C2 · Ooltewah, TN
Top alternative use upside
Medical building $4.6M +107.9%
Auto repair, garage $3.8M +72.6%
Retail stores $2.4M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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