Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pigeon Forge Land Investment Opportunity Title is generated by Realmo AI

    820 Old Gate Rd, Pigeon Forge, TN 37863

    View on Map
    Claim this Listing
    For Sale
    $5,900,000

    LAND - Pigeon Forge, TN

    Lot size:
    16.22 Acres
    Added:
    Jul 2, 2024
    Days on Market:
    707
    Last Refresh:
    Jun 8 at 3:06 am

    Property Features for 820 Old Gate Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    095I B 023.16
    Lot size
    16.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1922

    We can help!

    Listing Contact
    Rick Cochran
    Rick Cochran

    Listing agent Rick Cochran

    Listing office Keller Williams 219 Corporate Place, Alcoa, TN

    Listing date Jul 2, 2024

    MLS# 1268331 Listing URL

    Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Pigeon Forge, just off the Parkway and next to Camp Margaritaville RV Resort & Lodge.
    • 16.22 acres with utilities (electric, water, and sewer) already on the property.
    • Zoned R‑2, allowing for diverse development options: hotel, cabins, mixed residential, high density, or RV park.
    • Minutes from Dollywood, Tanger Outlets, Gatlinburg, and Great Smoky Mountain National Park.
    • Two existing rental cabins (3‑bed/2‑bath and 2‑bed/2‑bath) provide immediate income potential.
    • Currently taxed at the agricultural rate.

    Overview

    This 16.22-acre property is located just off the main Parkway in Pigeon Forge, Tennessee, adjacent to Camp Margaritaville RV Resort & Lodge. The site is zoned R-2 and suitable for a hotel, cabin development, mixed residential, high-density housing, or a mobile home/RV park. It could also serve as a private estate. Essential utilities, including water, sewer, and electric, are available on-site. The property is near Dollywood, Tanger Outlets, Gatlinburg, and the Great Smoky Mountain National Park. Currently taxed as agricultural land, the property includes two existing cabins used as long-term rentals. Cabin #1 features 3 bedrooms and 2 baths, while Cabin #2 has 2 bedrooms and 2 baths. The property presents an investment opportunity in a location with access to area attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Skin Care Clinic Department Store Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.536302
    Latitude
    35.778409

    Nearby Similar for Sale

    • $1,499,900
      3,388 SF

      Pigeon Forge Commercial Land Opportunity

      Prime commercial land in Pigeon Forge, C-2 zoning, high demand.
      223 Sharon Drive, Pigeon Forge, TN 37863
      View Details
    • $625,000
      2,414 SF

      Live-Work Property with Finished Basement

      C-6 zoned live-work property with multiple office areas, finished basement, and paved parking for up to 20.
      249 Mill View Drive, Pigeon Forge, TN 37863
      View Details
    • $1,499,900
      3,420 SF

      Turnkey Income-Producing Triplex

      Remodeled triplex in Pigeon Forge, TN, ideal for investors.
      2814 Seth Road, Pigeon Forge, TN 37863
      View Details
    • $1,499,900
      3,388 SF

      Pigeon Forge Commercial Land

      Rare C-2 commercial property just off the Parkway!
      223 Sharon Drive, Pigeon Forge, TN 37863
      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
    • $550,000

      Commercial Development Land with Highway Access

      A commercially zoned lot with substantial highway frontage and ready access in a high-traffic tourist market.
      1170 Wears Valley Road, Pigeon Forge, TN 37863
      View Details
    • $5,999,999
      27,987 SF

      Pigeon Forge Townhome Community

      21-unit townhome community near Dollywood with multiple use options.
      3729 Plaza Way, Pigeon Forge, TN 37863
      View Details
    • $150,000

      Smoky Mountain Homesite with Views

      Homesite with panoramic views near Pigeon Forge Parkway.
      Twin City Way lot: 63, Pigeon Forge, TN 37876
      View Details
    • $130,000

      Pigeon Forge Land For Sale

      Three acres near Pigeon Forge attractions, suitable for investment or residence.
      Caney Creek Rd, Pigeon Forge, TN 37863
      View Details
    • $1,799,000
      9,216 SF

      Turnkey Pigeon Forge Townhome Quadplex

      Four new townhomes in the heart of Pigeon Forge.
      3141 Teaster Lane, Pigeon Forge, TN 37863
      View Details
    • $599,900
      1,143 SF

      Contemporary Townhome Near Dollywood

      New 2-bedroom townhome near Pigeon Forge attractions.
      2385 Forge Hideaway Loop, Pigeon Forge, TN 37863
      View Details
    • $999,500

      Pigeon Forge Land Opportunity

      1.87 acres in Pigeon Forge, primed for development.
      1130 Lee Cardwell Circle, Pigeon Forge, TN 37863
      View Details

    FAQs

    What type of property is this?
    Commercial land - 16.22 acres near Parkway with utilities and development potential.
    Where is this commercial land located?
    The property is located at 820 Old Gate Rd Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Prime location in Pigeon Forge, just off the Parkway and next to Camp Margaritaville RV Resort & Lodge.; 16.22 acres with utilities (electric, water, and sewer) already on the property.; Zoned R‑2, allowing for diverse development options: hotel, cabins, mixed residential, high density, or RV park.
    (813) 477-3842
    We can help!
    Listing Contact
    Rick Cochran
    Rick Cochran
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    820 Old Gate Rd, Pigeon Forge, TN 37863
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!