Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pigeon Forge Factory Outlet Mall Title is generated by Realmo AI

    2860 Parkway, Pigeon Forge, TN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Factory outlet mall in a high-traffic tourist area.

    Type:RETAIL
    Property size:
    19,134 SF
    Lot size:
    19.71 Acres
    Added:
    Jan 31, 2022
    Days on Market:
    1585
    Last Refresh:
    May 20 at 9:42 pm

    Property Features for 2860 Parkway

    General Information

    Standard status
    Active
    Size
    19,134 SF
    Lot size
    19.71 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2860 Parkway Contact us

    We can help!

    Listing Contact
    Mark Robbins
    Mark Robbins

    Listing agent Mark Robbins

    Listing office Robbins Realty Group

    Listing date Jan 31, 2022

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Robbins Realty Group

    HighLights

    • High traffic location on the Parkway (Highway 441) with approximately 43,000 cars per day.
    • Located in a major tourist destination area with over 11,000,000 annual visitors.
    • Substantial 196,900 SF outlet center.
    • Includes major retailers such as Carter’s Childrenswear, Corning/Revere, and Rackroom Shoes.
    • Original factory outlet center in the Pigeon Forge/Sevierville/Gatlinburg area.
    • Established tenant mix including apparel, footwear, and accessories retailers.

    Overview

    The Pigeon Forge Factory Outlet Mall is a 196,900 square foot shopping center located on the Parkway (Highway 441) in Pigeon Forge, Tennessee. The center benefits from a daily traffic count of approximately 43,000 cars per day. The mall's retailers include Carter’s Childrenswear, Corning/Revere, L’eggs Hanes Bali Playtex, Big Dogs, Rackroom Shoes, Wallet Works, Handbag Superstore, and Oshkosh B’Gosh. The area attracts over 11,000,000 tourists annually who visit the Great Smoky Mountain National Park, Dollywood, and other area attractions.
    Location Intelligence

    Current Use by Public Records

    Pigeon Forge Self ... Storage Facility IJELP-Pigeon Forge Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5675
    Latitude
    35.7983

    Nearby Similar for Lease

    • $19 SF/Yr
      1,700 SF

      Pigeon Forge Office Suite For Rent

      Functional 1,700 SF office suite in prime location.
      2540 Sand Pike Blvd, Pigeon Forge, TN 37863
      View Details
    • $19 SF/Yr
      1,700 SF

      Pigeon Forge Office Suite For Rent

      1,700 SF office suite in a prime location.
      2540 Sand Pike Blvd, Pigeon Forge, TN 37863
      View Details
    • $20 SF/Yr
      5,000 SF

      Pigeon Forge Retail Space Available

      Retail space in high-traffic Pigeon Forge location for lease.
      163-177 E Wears Valley Rd, Pigeon Forge, TN
      View Details
    • $45 SF/Yr
      5,000 SF

      Prime Parkway Retail Space

      High-visibility retail space on the Parkway in Pigeon Forge.
      3676 Parkway, Pigeon Forge, TN
      View Details
    • $20 SF/Yr
      11,000 SF

      Retail Space in Prime Location

      Retail spaces available near Dollywood and other attractions.
      135 E Wears Valley Rd, Pigeon Forge, TN 37863
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Factory outlet mall in a high-traffic tourist area.
    Where is this shopping mall located?
    The property is located at 2860 Parkway Pigeon Forge, TN.
    What are key features of this property?
    This property features: High traffic location on the Parkway (Highway 441) with approximately 43,000 cars per day.; Located in a major tourist destination area with over 11,000,000 annual visitors.; Substantial 196,900 SF outlet center.
    (760) 898-8186 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Robbins
    Mark Robbins
    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
    2860 Parkway, Pigeon Forge, TN
    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!