Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    223 Sharon Dr Pigeon Forge, TN 37863

    Sponsored
    For Sale
    $1,499,900

    COMMERCIAL - Pigeon Forge, TN

    Property size:
    3,388 SF
    Lot size:
    0.68 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 6:06 pm

    Property Features for 223 Sharon Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
    Bathrooms
    4
    APN
    083O D 02500 000
    Size
    3,388 SF
    Lot size
    0.68 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    2
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Tony Thomas
    Tony Thomas

    WEICHERT, REALTORS- TIGER REAL ESTATE (865) 940-1430

    Listing agent Tony Thomas (865) 548-0661

    Listing date Mar 2, 2026

    MLS# 710568

    Copyright © 2026 Lakeway Area 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

    Pigeon Forge Commercial Land

    This commercial property is located in Pigeon Forge, Tennessee. The property has C-2 zoning and is positioned just off the Parkway in a desirable commercial corridor. The property has redevelopment potential. The existing 3388 square foot structure could be repurposed for various business models, but the site's commercial potential is the primary value. The lot size is 0.68 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.571538
    Latitude
    35.797475

    Nearby Similar for Sale

    • New
      $499,000
      1,504 SF

      Sevierville Commercial Opportunity For Sale

      Commercial property in Sevierville, remodeled for dog grooming facility.
      1310 Cherokee Circle Dr, Sevierville, TN 37862
      View Details
    • $999,999
      5,312 SF

      Sevierville Commercial Property For Sale

      Commercial property in downtown Sevierville with multiple potential uses.
      526 Belle Ave, Sevierville, TN 37862
      View Details
    • $1,490,000
      2,681 SF

      Restaurant Opportunity in Sevierville, TN

      Operating restaurant on commercially-zoned lots in Sevierville, Tennessee.
      1818 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $770,000
      1,400 SF

      Sevierville Office Condominium Investment

      Three leased office condominium units totaling 1,400 square feet.
      2040 13, Sevierville, TN 37876
      View Details
    • Contact for pricing
      1,920 SF

      Prime Commercial Location in Sevierville

      High-visibility commercial property near Pigeon Forge Parkway with remodeling options.
      3136 Easy St, Sevierville, TN 37862
      View Details
    • $795,000
      1,846 SF

      Pigeon Forge Retail Investment Opportunity

      Leased retail building near Parkway with high visibility.
      739 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • New
      $749,000
      2,016 SF

      Updated Cabin Near Dollywood

      Updated 3-bedroom cabin in gated resort, near Dollywood.
      1550 Bears Den Way, Sevierville, TN 37876
      View Details
    • $445,000
      7.40 Acres

      Pigeon Forge Land Investment Opportunity

      7.4 acres near Pigeon Forge hub with investment potential.
      553 Caney Creek Rd, Pigeon Forge, TN 37863
      View Details
    • New
      $1,700,000
      4,394 SF

      Pigeon Forge Redevelopment Opportunity

      Commercial and residential property on high-traffic road, suitable for redevelopment.
      1134-1138 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • $525,000
      1,352 SF

      Remodeled Commercial Building on Parkway

      Charming, remodeled 3 bed/3 bath building on 1.8 acres.
      739 W Main St, Sevierville, TN 37862
      View Details
    • $1,800,000
      7,648 SF

      Pigeon Forge Townhome Community

      Six-unit townhome community near Dollywood, suitable for short-term rentals.
      3729 Plaza Way, Pigeon Forge, TN 37863
      View Details
    • $649,999
      2,156 SF

      Sevierville Modern Log Cabin

      Modern log cabin in Timber Cove, near Smoky Mountains National Park.
      4228 Wears Valley Rd, Sevierville, TN 37862
      View Details

    FAQs

    What type of property is this?
    Commercial land - Rare C-2 commercial property just off the Parkway!
    Where is this commercial land located?
    The property is located at 223 Sharon Dr Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $1,499,900.
    What are key features of this property?
    This property features: - Rare C-2 Commercial Zoning; - Prime Location Just Off the Parkway; - High Redevelopment Potential
    (865) 940-1430
    Request Owner's contact information
    223 Sharon Dr Pigeon Forge, TN 37863
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Sharon Dr
    Pigeon Forge, TN 37863
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    223 Sharon Dr Pigeon Forge, TN 37863
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tony Thomas
    Tony Thomas
    Real Estate License ID: 303045
    (865) 940-1430 (865) 548-0661 (423) 475-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!