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    4155 Dollys Drive Sevierville, TN 37876

    View on Map
    For Sale
    $2,150,000

    COMMERCIAL - Sevierville, TN

    Property size:
    8,232 SF
    Lot size:
    0.40 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 1 at 12:06 am

    Property Features for 4155 Dollys Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    A1
    Parking
    12
    Window features
    Blinds
    Standard status
    Active
    APN
    085L C 01800 000
    Size
    8,232 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2370

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Frame

    We can help!

    Listing Contact
    Kevin Tipton
    Kevin Tipton

    Listing agent Kevin Tipton License #275491

    Listing office PWA Properties 131 E Broadway Avenue, Maryville, TN

    Listing date Jan 22, 2026

    MLS# 309849

    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.

    Overview

    Sevierville Hospitality Property For Sale

    Firefly Mountain Suites is a short-term rental property located in Sevierville, Tennessee, minutes from Gatlinburg, Pigeon Forge, and the Great Smoky Mountains National Park. Designed for large group stays, the property features six suites with 18 beds, 6 sleeper sofas, and 8 baths, accommodating up to 36 guests. This makes it suitable for family reunions, retreats, and multi-family travel. The property underwent major renovations from 2020 to 2023, with capital invested across the interiors and common areas. Key amenities include a 37-foot indoor heated pool, an arcade and entertainment spaces, upgraded kitchens and furnishings, and multiple outdoor gathering areas featuring fire pits and recreational amenities. The property offers a value-add opportunity through improved pricing strategy, professional revenue management, and operational oversight. The property is positioned for an experienced short-term rental investor or owner-operator seeking scale in a single hospitality asset with differentiated amenities and upside in the Sevier County market. The property has a lot size of 0.4 acres and a property size of 8232 square feet. The zoning is A1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Department Store Hotel & Motel Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.451061
    Latitude
    35.796142

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    FAQs

    What type of property is this?
    Hospitality property - Short-term rental property near Gatlinburg, Pigeon Forge, and Smoky Mountains.
    Where is this hospitality property located?
    The property is located at 4155 Dollys Drive Sevierville, TN.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: High‑Capacity Short‑Term Rental: Sleeps up to 36 guests with 18 beds and 6 sleeper sofas, features 8 baths.; Prime Location: Minutes from Gatlinburg, Pigeon Forge, and Great Smoky Mountains National Park.; Substantial Recent Renovations: Major renovations from 2020‑2023 with significant capital investment.
    (865) 210-0228
    We can help!
    Listing Contact
    Kevin Tipton
    Kevin Tipton
    Real Estate License ID: 275491
    Learn More
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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
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