Residential Income
2420 Riverbend Loop, Pigeon Forge, TN 37863
For Sale
$1,250,000
The property includes central air conditioning and ceiling fans.
Property Size5,184 SF
Price / SF$241.13
Days on Market51
Property Features for 2420 Riverbend Loop
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s), Central Air
Central
Gravel
Building Details
Building Size
Year Built
Stories
Listing Agency:
RE/MAX Preferred Properties,Inc.
Listed By:
Marette St John
(865) 566-8841
Source:
Evrealestate
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 10 at 8:39AM
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 RE/MAX Preferred Properties,Inc.
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Investment Insights
Based on property information with market context.
Built in 1978, this residential income property has central air conditioning and ceiling fans. The exterior includes gravel, and the property is zoned R-2.
Key Highlights
- R‑2 zoning
- Built in 1978
- Central air conditioning and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,491
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,820
$769.8K
Cap Rate 7%
$549,871
$549.9K
Cap Rate 9%
$427,678
$427.7K
Market Conditions
NOI Build-Up for 5,184 SF
Gross rent
$77.8K $15.00/SF
− Vacancy
−$7.8K −$1.50/SF
EGI
$70.0K $13.50/SF
− OpEx
−$31.5K −$6.08/SF
NOI
$38.5K $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 Rate 5%
$769,820
Cap Rate 7%
$549,871
Cap Rate 9%
$427,678
Alternative Uses
Best Use
Apartment 5plus
$549.9K
$481.1K – $641.5K
NOI $38,491 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,032 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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Business Placement
Demographics for 37863, TN
6,988
Population
5,570
Households
1.3
Avg Household Size
40
Median Age
12%
College-Educated
74%
High-School Grad
17.2 sq mi
ZIP Area
406
Density / Sq Mi
$53,587
Median Household Income
$31,235
Median Earnings
$933
Median Rent
$253,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Sevier County, TN
Properties on Market for Residential income properties in Sevier County
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air conditioning and ceiling fans.
Where is this residential income property located?
The property is located at 2420 Riverbend Loop Pigeon Forge, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: R‑2 zoning; Built in 1978; Central air conditioning and ceiling fans
