Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    947 Powdermill Road Gatlinburg, TN 37738

    View on Map
    Claim this Listing
    For Sale
    $59,900

    LAND - Gatlinburg, TN

    Lot size:
    0.35 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    104
    Last Refresh:
    May 7 at 3:06 am

    Property Features for 947 Powdermill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    107M D 002.00 & 001.00
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    266

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Jon Dempersmier
    Jon Dempersmier

    Listing agent Jon Dempersmier

    Listing office Century 21 Legacy GP 3224 East Parkway, TN

    Listing date Jan 23, 2026

    MLS# 309879 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.

    HighLights

    • Prime location in the Glades Arts & Crafts Community, close to attractions and the Great Smoky Mountains National Park.
    • Two adjoining lots totaling approximately 1/3 acre, ideal for a mountain retreat or short‑term rental investment.
    • Sloping topography perfect for a walkout basement design.
    • Utility water available and 1‑bedroom septic approval in place, streamlining the building process.
    • Easy county road access to both Pigeon Forge and Sevierville.
    • Cable Available

    Overview

    Gatlinburg Land in Arts Community

    This property, situated in the Glades Arts & Crafts Community, is suitable for a mountain retreat or short-term rental investment. The location provides convenient access to shopping, dining, entertainment, and the Great Smoky Mountains National Park. County road access to both Pigeon Forge and Sevierville is readily available. The property consists of two adjoining lots, totaling approximately 0.35 acres. The sloping topography is conducive to a walkout basement design. Utility water is available, and the property has 1-bedroom septic approval. The zoning is R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gatlinburg
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.458649
    Latitude
    35.7501

    Nearby Similar for Sale

    • $499,000
      2,200 SF

      Gatlinburg Commercial Property For Sale

      Remodeled commercial property with C-5 zoning in high-traffic Gatlinburg location.
      465 Glades Road, Gatlinburg, TN 37738
      View Details
    • $2,025,000
      10,640 SF

      Gatlinburg Estate with Income Potential

      Unique Gatlinburg estate on 3.31 acres with multiple structures.
      238/248 Buckhorn Road, Gatlinburg, TN 37738
      View Details
    • $2,695,000
      3,934 SF

      Gatlinburg Income-Producing Cottage Portfolio

      Eleven furnished cottages in the heart of Gatlinburg, Tennessee.
      124 Roaring Fork Rd, Gatlinburg, TN 37738
      View Details
    • $1,800,000
      10,640 SF

      Gatlinburg Estate: Income Potential

      Unique Gatlinburg estate with income potential in Arts & Crafts Community.
      248 Buckhorn Road, Gatlinburg, TN 37738
      View Details
    • $419,900

      Gatlinburg Land with C-3 Zoning

      1.71 acres of C-3 zoned land in Gatlinburg, TN.
      891 Glades Road, Gatlinburg, TN 37738
      View Details
    • $799,900

      Gatlinburg Land Investment Opportunity

      Ten C2-zoned lots near downtown Gatlinburg with utilities on site.
      Silverbell Heights Lane, Gatlinburg, TN 37738
      View Details
    • $165,000

      Gatlinburg Land Ready to Build

      C-2 zoned lot in the Glades area of Gatlinburg.
      545 Johnson Lane, Gatlinburg, TN 37738
      View Details
    • $79,900

      Gatlinburg Land C2 Opportunity

      Commercial lot near downtown Gatlinburg with development potential.
      Silverbell Heights Lane lot: 9A-1, Gatlinburg, TN 37738
      View Details
    • $210,000

      Gatlinburg Land Near Downtown

      Rare Gatlinburg land with utilities, near downtown and trolley.
      833 Sleepy Hollow Road, Gatlinburg, TN 37738
      View Details
    • $1,100,000

      Gatlinburg Land Development Opportunity

      8.85 acres near Gatlinburg Arts & Crafts Community.
      1178 Ogle Hills Road, Gatlinburg, TN 37738
      View Details
    • $900,000
      1,893 SF

      Turnkey Luxury Cabin in Gatlinburg

      Luxury cabin near downtown Gatlinburg with proven rental income.
      519 Edgewood Drive, Gatlinburg, TN 37738
      View Details
    • $599,000

      Gatlinburg Commercial Land For Sale

      Commercial land suitable for building in downtown Gatlinburg, Tennessee.
      204 Savage Garden Road, Gatlinburg, TN 37738
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land in Glades Arts & Crafts Community, ideal for rental.
    Where is this residential land & home lot located?
    The property is located at 947 Powdermill Road Gatlinburg, TN.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Prime location in the Glades Arts & Crafts Community, close to attractions and the Great Smoky Mountains National Park.; Two adjoining lots totaling approximately 1/3 acre, ideal for a mountain retreat or short‑term rental investment.; Sloping topography perfect for a walkout basement design.
    (865) 654-8617
    We can help!
    Listing Contact
    Jon Dempersmier
    Jon Dempersmier
    Learn More
    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
    947 Powdermill Road, Gatlinburg, TN 37738
    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!