Flexible Live-Work
For Sale
$575,000
249 Mill View Dr, Pigeon Forge, TN 37863
C-6 Commercial zoning accommodates office areas, living space, and a finished basement with separate access.
Property Size2,414 SF
Price / SF$238.19
Days on Market72
Property Features for 249 Mill View Dr
General Information
Standard status
Active
Size
2,414 SF
Total Parking Spaces
20
Zoning
C-6
Building Details
Year Built
2006
Buildings
1
Stories
3
Listing Agency:
Pristine Realty
Listed By:
Chris Gonzalez · License #321896
(865) 809-9531
Source:
Shearonsellsteam
Added: Aug 5
Changed: Oct 4
Last Checked: Oct 7 at 3:22PM
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 Pristine Realty
Investment Insights
Based on property information with market context.
This 2,414-square-foot live-work property was built in 2006 and combines office, residential, and meeting-space features within a flexible layout. The main level includes hardwood flooring, a full kitchen with appliances, a reception area, an office, and two half bathrooms. The upper level contains three additional offices and two full bathrooms, while the finished basement adds another office, a conference room, a half bathroom, and an independent entrance.
The property is located in Pigeon Forge within walking distance of the Parkway. Paved parking accommodates up to 20 vehicles, with additional parking access serving the basement entrance. As a residence, the layout provides four bedrooms, two full bathrooms, and three half bathrooms. C-6 Commercial zoning supports the property’s stated office, mixed-use, and residential configurations.
The property is located in Pigeon Forge within walking distance of the Parkway. Paved parking accommodates up to 20 vehicles, with additional parking access serving the basement entrance. As a residence, the layout provides four bedrooms, two full bathrooms, and three half bathrooms. C-6 Commercial zoning supports the property’s stated office, mixed-use, and residential configurations.
Key Highlights
- 2,414‑square‑foot live‑work property built in 2006
- C‑6 Commercial zoning
- Walking distance from the Parkway in Pigeon Forge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,205
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,100
$684.1K
Cap Rate 7%
$488,643
$488.6K
Cap Rate 9%
$380,056
$380.1K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$55.6K $23.04/SF
− Vacancy
−$10.0K −$4.15/SF
EGI
$45.6K $18.89/SF
− OpEx
−$11.4K −$4.72/SF
NOI
$34.2K $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%
$684,100
Cap Rate 7%
$488,643
Cap Rate 9%
$380,056
Alternative Uses
Best Use
Office B
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$428.3K
$374.8K – $499.7K
NOI $29,982 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.02M
$890.8K – $1.19M
NOI $71,261 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - C-6 Commercial zoning accommodates office areas, living space, and a finished basement with separate access.
Where is this live-work space located?
The property is located at 249 Mill View Dr Pigeon Forge, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,414‑square‑foot live‑work property built in 2006; C‑6 Commercial zoning; Walking distance from the Parkway in Pigeon Forge
