Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sevierville Land with Mountain Views Title is generated by Realmo AI

    Trace Way lot 28-30, Sevierville, TN 37862

    View on Map
    Claim this Listing
    For Sale
    $755,000

    LAND - Sevierville, TN

    Lot size:
    8.40 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for Trace Way lot 28-30

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    104103.00
    Lot size
    8.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    383

    We can help!

    Listing Contact
    Holli McCray

    Listing agent Holli McCray

    Listing office Greater Impact Realty 420 Bearden Road, Knoxville, TN

    Listing date Apr 8, 2026

    MLS# 1335827 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

    • 8.4 acres of private wooded lots in Wears Valley
    • Approved for septic system with a 5‑bedroom rating
    • Breathtaking mountain views
    • Ideal for primary residence or investment properties (custom cabins)
    • Convenient location: minutes from Pigeon Forge and Townsend
    • Easy access to Gatlinburg, Sevierville, Cades Cove, and Great Smoky Mountains National Park

    Overview

    Located in the hills of Wears Valley, this property features three wooded lots totaling 8.4 acres. The site is suitable for building custom cabins, either as a primary residence or as investment properties. The property has a current septic rating for 5 bedrooms. The location offers mountain views. Electricity is available at the road. The property is located minutes from Pigeon Forge and Townsend, with an easy drive to Gatlinburg, Sevierville, Cades Cove, and the Great Smoky Mountains National Park. The lots have been approved for septic systems.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.611167
    Latitude
    35.767795

    Nearby Similar for Sale

    • $999,909
      5,068 SF

      Sevierville Commercial Property with Potential

      Commercial property in downtown Sevierville with multiple potential business uses.
      526 Belle Avenue, Sevierville, TN 37862
      View Details
    • $995,000
      3,120 SF

      Renovated Lodge with Event Venue

      Boutique lodge with event venue potential near Smoky Mountains.
      3804 Wears Valley Road, Sevierville, TN 37862
      View Details
    • $891,000
      2,976 SF

      Turnkey Two-Cabin Income Property

      Two similar turnkey cabins on 2.77 acres provide STR income with private decks and hot tub for guest-ready stays.
      1805 Shady Grove Rd, Sevierville, TN 37876
      View Details
    • $999,909
      5,312 SF

      Sevierville Commercial Property with Potential

      Commercial property in downtown Sevierville with multiple potential business uses.
      526 Belle Ave, Sevierville, TN 37862
      View Details
    • $499,000
      1,504 SF

      Sevierville Commercial Opportunity For Sale

      Commercial property in Sevierville, remodeled for dog grooming facility.
      1310 Cherokee Circle, Sevierville, TN 37862
      View Details
    • $600,000
      1,400 SF

      Sevierville Office Condominium Investment

      Three leased office units totaling 1,400 SF in Sevierville.
      2040 Winfield Dunn Parkway, Sevierville, TN 37876
      View Details
    • $4,000
      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
    • $1,490,000
      2,681 SF

      Restaurant Opportunity in Sevierville, TN

      Operating restaurant on commercially-zoned lots in Sevierville, Tennessee.
      1818 Winfield Dunn Parkway, Sevierville, TN 37876
      View Details
    • $499,000
      2,762 SF

      Sevierville Commercial Development Opportunity

      Commercial-zoned properties near Dolly Parton Parkway and Downtown Sevierville.
      226 E Main Street, Sevierville, TN 37862
      View Details
    • $1,400,000
      9,599 SF

      Sevierville Multifamily Investment Opportunity

      Two fully occupied multifamily properties in Sevierville, Tennessee.
      1170 Von Cannon Lane, Sevierville, TN 37876
      View Details
    • $1,150,000
      3,000 SF

      New 5-Plex in Sevierville

      New construction 5-plex on 1.43 acres in Sevierville, TN.
      120 County Garage Rd, Sevierville, TN 37876
      View Details
    • $999,000
      2,240 SF

      Sevierville Multifamily Investment Opportunity

      Multifamily duplexes in prime Sevierville rental location.
      116 Hazel Drive, Sevierville, TN 37862
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 8.4 acres in Wears Valley, perfect for custom cabins.
    Where is this residential land & home lot located?
    The property is located at Trace Way lot 28-30 Sevierville, TN.
    What is the asking price?
    The asking price for this property is $755,000.
    What are key features of this property?
    This property features: 8.4 acres of private wooded lots in Wears Valley; Approved for septic system with a 5‑bedroom rating; Breathtaking mountain views
    (865) 335-0542
    We can help!
    Listing Contact
    Holli McCray
    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
    Trace Way lot: 28-30, Sevierville, TN 37862
    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!