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    2385 Forge Hideaway Loop, Unit unit 6A&6B Pigeon Forge, TN 37863

    Sponsored
    For Sale
    $1,179,900

    MULTI_FAMILY - Contemporary - Pigeon Forge, TN

    Property size:
    2,286 SF
    Lot size:
    0.01 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 20 at 7:06 am

    Property Features for 2385 Forge Hideaway Loop

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    R-2
    Rooms
    Basement, Bedroom 2, Laundry Room, Bedroom 4, Utility Room, Bathroom 3, Dining Room, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    4
    Bathrooms
    4
    APN
    083 169.00
    Parking features
    Open
    Patio and Porch features
    Deck
    Pets allowed
    Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Great Room, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo, Solid Surface Counters, Storage, Walk-In Closet(s), Walk-In Shower(s)
    Fireplace
    1
    Basement
    Unfinished, Exterior Entry, Crawl Space
    Appliances
    Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
    Size
    2,286 SF
    Lot size
    0.01 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Electric, Heat Pump
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Fiber Cement, Frame, Shingle Siding, Wood Siding
    Roof type
    Composition
    Architectural style
    Contemporary
    Additional Structures
    Storage

    We can help!

    Listing Contact
    The Jason White Team

    Century 21 Legacy GP (865) 436-7121

    Listing agent The Jason White Team (877) 678-2121

    Listing date Jan 14, 2026

    MLS# 307828 Listing URL

    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

    New Townhomes in Pigeon Forge

    Located in Pigeon Forge, TN, this property features two newly-built townhomes, offering an investment opportunity. Each of the two contemporary mountain townhomes includes 2 bedrooms and 2 bathrooms, with each unit featuring over 1,100 square feet of living space, totaling over 2,200 square feet. The property is located near Dollywood, the trolley line, and the Pigeon Forge Greenway, which leads to dining, shopping, and entertainment at The Island. Each unit features an open-concept great room with a fireplace, a kitchen, and a dining area. The main level includes a primary suite with a walk-in shower, while the upper-level bedroom suite offers a private space. Situated in a new resort community, these properties are suitable for various uses, including short-term rentals, owner-occupied residence with rental income, or a multi-generational retreat. The property is located minutes away from the Great Smoky Mountains National Park. The lot size is approximately 0.01 acres. The zoning is R-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.546435
    Latitude
    35.801549

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    FAQs

    What type of property is this?
    Duplex - Two newly built townhomes in the heart of Pigeon Forge.
    Where is this duplex located?
    The property is located at 2385 Forge Hideaway Loop, Unit unit 6A&6B Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $1,179,900.
    What are key features of this property?
    This property features: - High Income Potential: Projected combined annual rental income exceeding six figures.; - Prime Location: In the heart of Pigeon Forge, close to Dollywood, the trolley, the Greenway, and The Island.; - Two New Townhomes: Contemporary mountain townhomes (duplex) totaling over 2,200 sq ft.
    (877) 678-2121
    Request Owner's contact information
    2385 Forge Hideaway Loop, Unit unit 6A&6B Pigeon Forge, TN 37863
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    Pigeon Forge, TN 37863
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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
    2385 Forge Hideaway Loop, Unit unit 6A&6B Pigeon Forge, TN 37863
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    Listing Contact
    The Jason White Team
    (877) 678-2121
    Learn more
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