Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1403 Parkway Sevierville, TN 37862

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $39 SF/Yr

    High-visibility retail space on a main thoroughfare near attractions.

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Elizabeth Houser
    Elizabeth Houser
    Source: Svnwood

    Listing Agent: Elizabeth Houser

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

    Learn more

    Overview

    Prime Retail Space Available

    This retail space benefits from high visibility on a main retail corridor, with an average daily traffic count of 32,393. The location is situated on the way to Pigeon Forge and the Great Smoky Mountains. Nearby attractions include Dollywood, The Island in Pigeon Forge, Tanger Outlets, and The Hard Rock Cafe, drawing both tourists and local residents. The landlord has an agreement with the existing tenant to terminate their lease upon finding a replacement tenant, as the current tenant is retiring.
    Location Intelligence

    Current Use by Public Records

    Allstar Muffler & Brakes ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.554701
    Latitude
    35.785747

    Nearby Similar for Lease

    • $4,000 /Mo
      1,920 SF

      Prime Commercial Space, Sevierville, TN

      Highly visible commercial property near Pigeon Forge Parkway.
      Sevierville, TN
      View Details
    • $34,500
      2,000 SF

      Sevierville Commercial Space For Rent

      2000 sq ft office space in high-traffic Sevierville location.
      115 Allensville Rd, Sevierville, TN 37876
      View Details
    • $39 SF/Yr
      2,970 SF

      Retail Space on Main Corridor

      Retail space with high visibility near popular attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • $27 SF/Yr
      2,400 SF

      Retail Space Near National Brands

      Retail space available, adjacent to national brands in Sevierville.
      605-699 Parkway, Sevierville, TN 37862
      View Details
    • $19 SF/Yr

      Prime Retail Space on Parkway

      Excellent retail opportunity with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $14 SF/Yr

      Sevierville Retail Space For Rent

      Large retail space in Two Rivers Outlet, Sevierville, Tennessee.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details
    • $25 SF/Yr

      Sevierville Medical Office Space

      Medical office space for lease near Mount LeConte Medical Center.
      1014 Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $14 SF/Yr
      89,352 SF

      Sevierville Retail Space For Rent

      Large retail space near Winfield Dunn Parkway, Sevierville.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details
    • $25 SF/Yr
      9,620 SF

      Sevierville Medical Office For Lease

      Medical office building near Mount LeConte Medical Center available for lease.
      1014 Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $25 SF/Yr
      6,000 SF

      Retail/Office Space in Sevierville

      Retail or office space available for lease near Tanger Outlets.
      1548 Parkway, Sevierville, TN 37862
      View Details
    • Contact for pricing
      2,283 SF

      Sevierville Office Space For Rent

      Office space in high-traffic Sevierville location, ready for move-in.
      124 N Henderson Ave, Sevierville, TN 37862
      View Details
    • $5,000 /Mo
      Pending

      Sevierville Warehouse and Office Space

      Warehouse and office space available for lease in Sevierville, TN.
      2664 Old Newport Hwy, Sevierville, TN 37876
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail space on a main thoroughfare near attractions.
    Where is this retail space located?
    The property is located at 1403 Parkway Sevierville, TN.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: - High Visibility Location: Situated on the main retail corridor with significant traffic (32,393 Average Daily Traffic Count).; - Tourist & Local Attraction: Strong draw due to proximity to Dollywood, The Island in Pigeon Forge, Tanger Outlets, and The Hard Rock Cafe.; - Pigeon Forge Access: Located on the road leading to Pigeon Forge and the Great Smoky Mountains.
    (513) 315-7694
    Request Owner's contact information
    1403 Parkway 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.
    1403 Parkway
    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
    1403 Parkway 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
    Elizabeth Houser
    Elizabeth Houser
    Real Estate License ID: 377171
    (513) 315-7694 (865) 936-9999
    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!