Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Cove Mountain Rd, Unit 3 Gatlinburg, TN 37738

    Sponsored
    For Sale
    $1,999,000

    LAND - Gatlinburg, TN

    Lot size:
    19.33 Acres
    Days on Market:
    147
    Last Refresh:
    Feb 4 at 1:06 pm

    Property Features for Cove Mountain Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    116 042.00
    Lot size
    19.33 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Amber Korlin Brown
    Amber Korlin Brown

    CENTURY 21 MVP (865) 429-2121

    Listing agent Amber Korlin Brown (865) 410-0177

    Listing date Sep 11, 2025

    MLS# 307181

    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

    Gatlinburg Land with Mountain Views

    This nearly 20-acre parcel is strategically positioned just off the Gatlinburg Spur. The property offers unobstructed views of the Smoky Mountains in every direction. It is suited for a high-end development, luxury rental community, or exclusive private estate. The location provides access to both Gatlinburg and Pigeon Forge. The property features rolling terrain and panoramic vistas. Preliminary plans proposed an 8-lot development, though final county approval will be required. The property is zoned R-1 and is located in Gatlinburg, Sevier County, Tennessee.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gatlinburg
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.523547
    Latitude
    35.739717

    Nearby Similar for Sale

    • $1,475,000
      3,554 SF

      Gatlinburg Cabins: Income-Producing Portfolio

      Four income-producing log cabins in Gatlinburg Arts and Crafts district.
      4130 Tro Way, 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 Dr, Gatlinburg, TN 37738
      View Details
    • $116,000

      Gatlinburg Resort Living

      Turnkey, furnished park model in amenity-rich gated resort.
      4223 Parkway East, Gatlinburg, TN 37738
      View Details
    • $2,907,000

      Modern Cabins in Smoky Mountains

      New Alpine-style cabins near Gatlinburg, ideal for short-term rental.
      204-234 Braydens Way, Gatlinburg, TN 37738
      View Details
    • $80,000
      0.02 Acres

      RV Lot in Gated Community

      RV lot with amenities near Great Smokey Mountains.
      4229 Parkway E, Gatlinburg, TN 37738
      View Details
    • $101,000
      0.06 Acres

      Secluded RV Lot with Amenities

      RV lot with amenities, ready for VRBO/Airbnb or private use.
      4229 Parkway E, Gatlinburg, TN 37738
      View Details
    • $729,000
      Pending

      Mountainside Cabin Near Gatlinburg

      Well-maintained cabin near downtown Gatlinburg with entertainment and mountain views.
      1150 E Kings Ridge Rd, Gatlinburg, TN 37738
      View Details
    • $75,000
      0.04 Acres

      Gatlinburg RV Lot with Utilities

      Private RV lot with utilities near Smoky Mountains National Park.
      4229 Parkway E, Gatlinburg, TN 37738
      View Details
    • $1,495,000
      3.00 Acres

      Gatlinburg Cabins: Income-Producing Portfolio

      Four income-producing log cabins in Gatlinburg's Arts and Crafts district.
      4130 Tro Way, Gatlinburg, TN 37738
      View Details
    • $499,000
      2,200 SF

      Gatlinburg Commercial Property For Sale

      Remodeled commercial property with C-5 zoning in high-traffic Gatlinburg location.
      465 Glades Rd, Gatlinburg, TN 37738
      View Details
    • $115,000

      Gatlinburg Resort Community Lot

      Deeded lot in gated resort community near Smoky Mountains.
      4229 Parkway E, Gatlinburg, TN 37738
      View Details
    • $1,898,000

      Luxury Log Cabin Investment Property

      Stunning 6-bedroom log cabin with mountain views near Gatlinburg.
      618 Big Bear Rdg Rd, Gatlinburg, TN 37738
      View Details

    FAQs

    What type of property is this?
    Land - Nearly 20-acre Gatlinburg parcel with unobstructed Smoky Mountain views.
    Where is this land located?
    The property is located at Cove Mountain Rd, Unit 3 Gatlinburg, TN.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Unobstructed, **panoramic views of the Smoky Mountains.**; - Prime location off the Gatlinburg Spur, providing easy access to Gatlinburg and Pigeon Forge.; - Nearly 20-acre parcel suitable for high-end development, luxury rentals, or a private estate.
    (865) 410-0177
    Request Owner's contact information
    Cove Mountain Rd, Unit 3 Gatlinburg, TN 37738
    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.
    Cove Mountain Rd, Unit 3
    Gatlinburg, TN 37738
    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
    Cove Mountain Rd, Unit 3 Gatlinburg, TN 37738
    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

    We can help!
    Listing Contact
    Amber Korlin Brown
    Amber Korlin Brown
    (865) 410-0177
    Learn more
    Google sign-in failed. Please try again or use another login method.