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    115 Allensville Rd Sevierville, TN 37876

    View on Map
    Sponsored
    For Lease
    $34,500

    COMMERCIAL - Sevierville, TN

    Type:Office
    Property size:
    2,000 SF
    Days on Market:
    339
    Last Refresh:
    Mar 21 at 7:06 am

    Property Features for 115 Allensville Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Window features
    Double Pane Windows, Aluminum Frames
    Zoning
    C-4
    APN
    019.00
    Parking
    10
    Size
    2,000 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Central
    Cooling system
    Gas (Cooling), Central Air, Electric, Heat Pump
    Water source
    Public

    Building Details

    Year built
    2001
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Block, Brick Veneer, Stucco

    We can help!

    Listing Contact
    Rae E. Massey

    Massey Realty

    Listing agent Rae Massey

    Listing date Apr 17, 2025

    MLS# 306013

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Sevierville Commercial Space For Rent

    Located in Sevierville, Tennessee, at the foothills of The Great Smoky Mountains, this commercial space offers 2000 square feet suitable for government or professional services. Situated 300 feet from Winnfield Dunn Parkway/Hwy 66, the location benefits from average daily traffic counts exceeding 50,000. The property, built in 2001, features two front entrances and is zoned C-4. A new roof is scheduled for installation on April 22, 2025. The total building size is 12,000 square feet, complemented by 60 parking spaces. The property has excellent curb appeal and prominent monument signage, along with convenient access to major roads. The location provides access to retail centers, restaurants, banks, and tourist attractions. The area is a popular vacation destination with over 15 million annual visitors. The space is available at $17.25 per square foot with lease terms of 5 or 10 years, including optional 5-year renewals and a 2% annual rent increase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tennessee State Government Social Service Agency Department of Children’s Services State Government Office Express employment professionals Employment Agency Gentiva Hospice Nursing Home Joseph Construction Co Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.569503
    Latitude
    35.876273

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    FAQs

    What type of property is this?
    Office units - 2000 sq ft office space in high-traffic Sevierville location.
    Where is this office units located?
    The property is located at 115 Allensville Rd Sevierville, TN.
    What is the lease rate?
    The lease rate is $34,500.
    What are key features of this property?
    This property features: - Superior location in Sevierville, near the Great Smoky Mountains and 300 ft from Winnfield Dunn Parkway/Hwy 66 (ADT 50,000+).; - Zoned C-4, offering unlimited space for various government or professional services.; - 2,000 sq. ft. space available with 2 front entrances.
    (865) 805-0322
    Request Owner's contact information
    115 Allensville Rd Sevierville, TN 37876
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    Sevierville, TN 37876
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Allensville Rd Sevierville, TN 37876
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    We can help!
    Listing Contact
    Rae E. Massey
    Real Estate License ID: 311727
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