Add Listing
    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

    lot 4/5/6 Line Spring Rd Sevierville, TN 37862

    View on Map
    Sponsored
    For Sale
    Pending
    $349,500

    LAND - Sevierville, TN

    Lot size:
    2.49 Acres
    Days on Market:
    16
    Last Refresh:
    Mar 5 at 7:06 am

    Property Features for lot 4/5/6 Line Spring Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R 1
    APN
    134D G 004.00/005.00/006.00
    Lot size
    2.49 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Jerry Sandifer

    Tennessee Realty Pros, LLC (865) 429-2800

    Listing agent Jerry Sandifer (865) 335-3191

    Listing date Feb 18, 2026

    MLS# 310215

    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

    Unrestricted Land Near Smoky Mountains

    These three flat building lots offer a prime opportunity for development in the desirable Wears Valley. The unrestricted property allows flexibility for development. The location provides easy access without steep mountain roads. Situated close to the Great Smoky Mountains National Park, Cades Cove, Metcalf Bottoms, Dollywood, Pigeon Forge, Gatlinburg, plus abundant dining, shopping, and entertainment options. This location combines a peaceful valley setting with convenient proximity to major attractions and amenities. The total lot size is 2.49 acres. Property boundaries and acreage are confirmed by survey only. Buyers are advised to verify all information, including HOA details, and obtain a survey and title insurance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Storage Facility Bakery Plumbing Service Coworking & Hybrid Office Travel Agency Hotel & Motel Adult Day Care

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.649261
    Latitude
    35.706137

    Nearby Similar for Sale

    • New
      $499,000
      1,504 SF

      Sevierville Commercial Opportunity For Sale

      Commercial property in Sevierville, remodeled for dog grooming facility.
      1310 Cherokee Circle Dr, Sevierville, TN 37862
      View Details
    • $999,999
      5,312 SF

      Sevierville Commercial Property For Sale

      Commercial property in downtown Sevierville with multiple potential uses.
      526 Belle Ave, Sevierville, TN 37862
      View Details
    • $1,490,000
      2,681 SF

      Restaurant Opportunity in Sevierville, TN

      Operating restaurant on commercially-zoned lots in Sevierville, Tennessee.
      1818 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $770,000
      1,400 SF

      Sevierville Office Condominium Investment

      Three leased office condominium units totaling 1,400 square feet.
      2040 13, Sevierville, TN 37876
      View Details
    • Contact for pricing
      1,920 SF

      Prime Commercial Location in Sevierville

      High-visibility commercial property near Pigeon Forge Parkway with remodeling options.
      3136 Easy St, Sevierville, TN 37862
      View Details
    • New
      $749,000
      2,016 SF

      Updated Cabin Near Dollywood

      Updated 3-bedroom cabin in gated resort, near Dollywood.
      1550 Bears Den Way, Sevierville, TN 37876
      View Details
    • $525,000
      1,352 SF

      Remodeled Commercial Building on Parkway

      Charming, remodeled 3 bed/3 bath building on 1.8 acres.
      739 W Main St, Sevierville, TN 37862
      View Details
    • $649,999
      2,156 SF

      Sevierville Modern Log Cabin

      Modern log cabin in Timber Cove, near Smoky Mountains National Park.
      4228 Wears Valley Rd, Sevierville, TN 37862
      View Details
    • $2,300,000
      8,232 SF

      Sevierville Hospitality Asset For Sale

      Short-term rental property near Gatlinburg, Pigeon Forge, and Smoky Mountains.
      4155 Dollys Dr, Sevierville, TN 37876
      View Details
    • $349,000
      1,300 SF

      Lakeside Duplex Investment Opportunity

      Sevierville duplex ideal for long-term or overnight rentals.
      115 Bluegill Way, Sevierville, TN 37876
      View Details
    • $1,850,000
      7,776 SF

      Sevierville Multifamily Investment Opportunity

      Fully leased 10-unit apartment complex near Dollywood and area attractions.
      721 W Casey Dr, Sevierville, TN 37862
      View Details
    • $2,000,000
      6,360 SF

      Rare Smoky Mountain View Quadplex

      Four-unit short-term rental property with potential for a fifth unit.
      4222 Dollys Dr, Sevierville, TN 37876
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three flat, unrestricted building lots near Smoky Mountains National Park.
    Where is this residential land & home lot located?
    The property is located at lot 4/5/6 Line Spring Rd Sevierville, TN.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: - Three flat, unrestricted building lots in desirable Wears Valley; - Easy access with no steep mountain roads; - Close proximity to Great Smoky Mountains National Park, Cades Cove, and Metcalf Bottoms
    (865) 335-3191
    Request Owner's contact information
    lot 4/5/6 Line Spring Rd Sevierville, TN 37862
    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.
    lot 4/5/6 Line Spring Rd
    Sevierville, TN 37862
    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
    lot 4/5/6 Line Spring Rd Sevierville, TN 37862
    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
    Jerry Sandifer
    (865) 335-3191 (865) 429-2800 (865) 774-7764
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!