Renovated Vacation Rental Near
For Sale
$510,000
2150 Waldens Creek Road, Sevierville, TN 37862
Fully furnished, renovated vacation rental with mountain views and amenities.
Property Size2,744 SF
Lot Size0.70 Acres
Days on Market293
Property Features for 2150 Waldens Creek Road
General Information
Standard status
Active
Size
2,744 SF
Lot size
0.70 Acres
Property subtype
Cabin
Amenities
Fireplace
Dishwasher
Dryer
Electric Range
Microwave
Refrigerator
Washer
Patio, Pool, Porch, Electricity Connected, Internet Available, Internet Connected, Phone Available, Metal
Building Details
Building Size
2,744 SF
Year Built
1987
Stories
2
Listing Agency:
Local Realty Group
(865) 318-4387
Listed By:
Gracie Mayfield
Source:
Kw
Added: Nov 4, 2025
Changed: Aug 23
Last Checked: Aug 23 at 12:57PM
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 Local Realty Group
Investment Insights
Based on property information with market context.
This renovated vacation rental is located 10 minutes from the Pigeon Forge Parkway, accessible via paved, level roads. The property features 3 bedrooms and 2 bathrooms. The home is being sold fully furnished. The property includes a recreation room. Outdoor amenities include a hot tub, a fire pit, and two patios with mountain views. The level yard offers space for additional amenities or expansion. This property is suitable for use as an overnight rental or a primary residence.
Key Highlights
- Fully renovated and sold fully furnished, offering a turnkey vacation rental or primary residence.
- Prime location just 10 minutes from Pigeon Forge Parkway with easy access via paved, level roads.
- Features scenic mountain views, a hot tub, fire pit, and two spacious patios for outdoor enjoyment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,480
$407.5K
Cap Rate 7%
$291,057
$291.1K
Cap Rate 9%
$226,378
$226.4K
Market Conditions
NOI Build-Up for 2,744 SF
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.
Gross rent
$41.2K $15.00/SF
− Vacancy
−$4.1K −$1.50/SF
EGI
$37.0K $13.50/SF
− OpEx
−$16.7K −$6.08/SF
NOI
$20.4K $7.43/SF
Area
Sevier County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,480
Cap Rate 7%
$291,057
Cap Rate 9%
$226,378
Alternative Uses
Best Use
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 3.99%
Second Best
Hotel Hospitality
$194.4K
$170.1K – $226.8K
NOI $13,607 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,003 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Fully furnished, renovated vacation rental with mountain views and amenities.
Where is this hotel located?
The property is located at 2150 Waldens Creek Road Sevierville, TN.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fully renovated and sold fully furnished, offering a turnkey vacation rental or primary residence.; Prime location just 10 minutes from Pigeon Forge Parkway with easy access via paved, level roads.; Features scenic mountain views, a hot tub, fire pit, and two spacious patios for outdoor enjoyment.
