Retail Property with Three
401 E Main St Sevierville, TN 37862
401 E Main St, Sevierville, TN, 37862
Contact for pricing
For Sale
Contact for pricing
Pending
Retail property on 0.94 acres offering three drive-thru lanes and approximately 4,032 SF of space.
Property Size4,032 SF
Lot Size0.94 Acres
Days on Market430
Property Features for 401 E Main St
General Information
- Standard status
- Pending
- Size
- 4,032 SF
- Lot size
- 0.94 Acres
- Property subtype
- Office, Retail
Listing agency
Oliver Smith Realty & Development Company
(865) 584-2000
Listed by
Oliver Smith · License #TN
Source
Crexi
Added: May 19, 2025 Updated: Jul 21 at 7:24PM Checked: Jul 21 at 7:24PM
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 Oliver Smith Realty & Development Company
Investment Insights
Based on property information with market context.
This retail property includes approximately 4,032 SF on 0.94 acres and is configured with three drive-thrus, supporting quick-service operations and customer flow through multiple service points.
The property is located on a main thoroughfare in Sevierville at the entrance to Pigeon Forge and Gatlinburg, within a tourism area. Public data provided shows traffic counts of 42,160 vehicles on E Main Street, 57,867 on Winfield Dunn Parkway, and 31,287 on Forks of the River Parkway. Nearby retail includes Hardee’s, Tractor Supply, Walgreens, Wendy’s, Dunkin, Waffle House, and SMARM Thrift Store. Demographics provided include 3-mile, 5-mile, and 7-mile population figures of 19,162, 27,412, and 49,724, with average household income of $69,197, $67,952, and $72,726, respectively.
The property is located on a main thoroughfare in Sevierville at the entrance to Pigeon Forge and Gatlinburg, within a tourism area. Public data provided shows traffic counts of 42,160 vehicles on E Main Street, 57,867 on Winfield Dunn Parkway, and 31,287 on Forks of the River Parkway. Nearby retail includes Hardee’s, Tractor Supply, Walgreens, Wendy’s, Dunkin, Waffle House, and SMARM Thrift Store. Demographics provided include 3-mile, 5-mile, and 7-mile population figures of 19,162, 27,412, and 49,724, with average household income of $69,197, $67,952, and $72,726, respectively.
Key Highlights
- Retail property on 0.94 acres with approximately 4,032 SF total space.
- Features three drive‑thru lanes for added convenience and throughput.
- Located on E Main Street in Sevierville at the entrance to Pigeon Forge and Gatlinburg.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $23.04 |
| − Vacancy | −$16.7k | −$4.15 |
| EGI | $76.2k | $18.89 |
| − OpEx | −$19.0k | −$4.72 |
| NOI | $57.1k | $14.17 |
4,032 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$816.2K
$714.2K – $952.2K
NOI $57,132 @ 7.0% cap · market cap 2.93%
Second Best
Retail
$704.7K
$616.6K – $822.2K
NOI $49,330 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,025 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Foothills Title Services, ...
Title Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Retail property on 0.94 acres offering three drive-thru lanes and approximately 4,032 SF of space.
Where is this office units located?
The property is located at 401 E Main St Sevierville, TN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Retail property on 0.94 acres with approximately 4,032 SF total space.; Features three drive‑thru lanes for added convenience and throughput.; Located on E Main Street in Sevierville at the entrance to Pigeon Forge and Gatlinburg.
