Retail Property with Three
For Sale
Contact for pricing
401 E Main St, Sevierville, TN 37862
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
Price / SF$483.63
Days on Market521
Property Features for 401 E Main St
General Information
Standard status
Active
Size
4,032 SF
Lot size
0.94 Acres
Property subtype
Office, Retail
Listing Agency:
Oliver Smith Realty & Development Company
Listed By:
Oliver Smith · License #TN
(865) 584-2000
Source:
Crexi
Added: May 19, 2025
Changed: Oct 8
Last Checked: Oct 20 at 6:17PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,132
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,640
$1.1M
Cap Rate 7%
$816,171
$816.2K
Cap Rate 9%
$634,800
$634.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$92.9K $23.04/SF
− Vacancy
−$16.7K −$4.15/SF
EGI
$76.2K $18.89/SF
− OpEx
−$19.0K −$4.72/SF
NOI
$57.1K $14.17/SF
Area
Sevier County, TN
Vacancy
18.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,640
Cap Rate 7%
$816,171
Cap Rate 9%
$634,800
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 37862, TN
23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Retail property on 0.94 acres offering three drive-thru lanes and approximately 4,032 SF of space.
Where is this office unit 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.
