Building Details

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Stories 1

Listing Agency: Keller Williams Realty Show Phone

Listed By: Ryan Lowry · License #363978 Show Phone

Source: Moodyscre

Added: Oct 28 Changed: Oct 30 Last Checked: Oct 30 at 2:12PM

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Investment Insights

Based on property information with market context.

This single-story retail property contains 2,662 square feet on approximately 0.47 acres. Its flexible interior can serve as retail space, a showroom, professional offices, a service business, or a private residence. On-site parking is also available, and the site fronts the river with water views.

The property is in Sevierville, with access to Exit 407 off Winfield Dunn Parkway and connections to Sevierville, Kodak, and Pigeon Forge. The building is zoned for full-time residential and commercial use, and short-term rentals are permitted.

Key Highlights

• 2,662‑square‑foot single‑story building
• Approximately 0.47‑acre riverfront site with water views
• Zoned for full‑time residential and commercial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,569

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,380 $651.4K

Cap Rate 7%

$465,271 $465.3K

Cap Rate 9%

$361,878 $361.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,662 SF

Gross rent

$47.9K $18.00/SF

− Vacancy

−$1.4K −$0.52/SF

EGI

$46.5K $17.48/SF

− OpEx

−$14.0K −$5.24/SF

NOI

$32.6K $12.23/SF

Area

Sevier County, TN

Vacancy

2.90%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,380

Cap Rate 7%

$465,271

Cap Rate 9%

$361,878

Alternative Uses

Best Use

Retail

$465.3K

$407.1K – $542.8K (±1% cap)

NOI $32,569 @ 7.0% cap · market cap 3.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.12M

$982.3K – $1.31M (±1% cap)

NOI $78,582 @ 7.0% cap · market cap 7.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Arcade Headquarters Manufacturing Electronics & Wireless Store

Suggested Use

Top Pick HVAC Service Building Supply Garden Center Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Explore this area Business Placement

Demographics for 37876, TN

32,866

Population

18,206

Households

1.8

Avg Household Size

45

Median Age

22%

College-Educated

89%

High-School Grad

186.8 sq mi

ZIP Area

176

Density / Sq Mi

$58,513

Median Household Income

$33,603

Median Earnings

$997

Median Rent

$257,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Single-story layout supports commercial use, residential occupancy, and short-term rentals.

Where is this retail space located?

The property is located at 2376 Business Center Circle Sevierville, TN.

What is the asking price?

The asking price for this property is $997,000.

What are key features of this property?

This property features: 2,662‑square‑foot single‑story building; Approximately 0.47‑acre riverfront site with water views; Zoned for full‑time residential and commercial use