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    894 Lake View Loop Sevierville, TN 37876

    Sponsored
    For Sale
    $549,900

    MULTI_FAMILY - Other - Sevierville, TN

    Property size:
    1,740 SF
    Lot size:
    0.64 Acres
    Days on Market:
    67
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 894 Lake View Loop

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R 1
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
    Bedrooms
    3
    Bathrooms
    3
    APN
    038 073.01
    Parking features
    Carport
    Interior features
    Additional Living Quarters, Ceiling Fan(s), Granite Counters
    Appliances
    Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
    Size
    1,740 SF
    Lot size
    0.64 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    2
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Benson

    Tennessee Realty Pros, LLC (865) 429-2800

    Listing agent Dennis Benson (865) 429-2800

    Listing date Nov 15, 2025

    MLS# 308278 Listing URL

    Copyright © 2025 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

    Smoky Mountains Income-Generating Duplex

    This fully furnished duplex is located in the Smoky Mountains. It features two separate units, each designed for comfort and convenience. The upper unit offers 2 bedrooms, 2 full bathrooms, a gaming area with two multi-cade systems, and a fully equipped kitchen with new appliances and a spacious island with seating. The primary bedroom includes an en-suite bathroom with updated tile shower and in-unit laundry. A covered patio includes a hot tub. The lower unit provides 1 bedroom, 1 bathroom, a bonus room, a fully stocked kitchen, dining area, in-unit laundry, and a private covered deck with hot tub access and mountain views. The property is situated near Smoky Mountain attractions, shopping, dining, and outdoor adventures. It is suitable for homeowners seeking an in-law suite or rental income to offset expenses, or investors aiming for dual rental streams. Both units are move-in ready and fully furnished for immediate use or income potential. The property contains 1,740 square feet and sits on a 0.64-acre lot. The property is zoned R 1. The property is located in Sevierville, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Kitchen & Bath Food Market Storage Facility Garden Center Electrical Service Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.551215
    Latitude
    35.892029

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    FAQs

    What type of property is this?
    Duplex - Fully furnished duplex near Smoky Mountain attractions, ideal for rental income.
    Where is this duplex located?
    The property is located at 894 Lake View Loop Sevierville, TN.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Fully furnished duplex with two separate units, offering flexibility.; - Prime location near Smoky Mountain attractions, shopping, dining, and outdoor activities.; - Upper unit features 2 bedrooms, 2 bathrooms, gaming area, fully equipped kitchen with new appliances, and private hot tub.
    (865) 429-2800
    Request Owner's contact information
    894 Lake View Loop 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
    894 Lake View Loop Sevierville, TN 37876
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    We can help!
    Listing Contact
    Dennis Benson
    (865) 429-2800
    Learn more
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