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    Two Buildings on Newport Highway Title is generated by Realmo AI

    2491 Newport Hwy, Sevierville, TN

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    Two commercial buildings in Sevierville with high traffic volume.

    Type:RETAIL
    Property size:
    5,300 SF
    Lot size:
    0.99 Acres
    Price / SF:
    $187/SF
    Added:
    Jul 16, 2025
    Days on Market:
    334
    Last Refresh:
    May 20 at 8:06 pm

    Property Features for 2491 Newport Hwy

    General Information

    Standard status
    Active
    Size
    5,300 SF
    Lot size
    0.99 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Doug Kose

    Listing agent Doug Kose

    Listing office Realty Executives Associates

    Listing date Jul 16, 2025

    Source Moodyscre

    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 Realty Executives Associates

    HighLights

    • Premium location on Newport Highway in Sevierville, TN, a high‑demand business area.
    • Two free‑standing commercial buildings totaling approximately 5,300 SF on 1.0 acre.
    • High traffic area with 13,996 AADT, offering excellent visibility.
    • Excellent on‑site parking and two points of access to each building.
    • Building features include heat/air, restrooms, office area with movable walls, and a drive‑in door.
    • Proximity to recognized retailers and other businesses.

    Overview

    These free-standing commercial buildings are located on Newport Highway in Sevierville, Tennessee. The property includes two buildings on a 1.0-acre lot. Building One is approximately 3,200 square feet and includes heat, air conditioning, a restroom, and an office area with movable walls. It features an expansive welcome area suitable for client reception or collaborative workspace. Building Two is approximately 2,100 square feet and includes heat, a restroom, and a drive-in door. Each building has two points of access and excellent on-site parking. The location benefits from high traffic volume, with 13,996 AADT per the TDOT website. The property is positioned between Sevierville and Newport, offering great visibility near recognized retailers such as Food City, Dollar General, and Walgreens, as well as other local retailers, offices, and manufacturing plants. The property's functional layout and stand-alone presence make it suitable for various business uses, including manufacturing, storage, building materials, or a professional office.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $95.4k $18.00
    − Vacancy −$2.8k −$0.52
    EGI $92.6k $17.48
    − OpEx −$27.8k −$5.24
    NOI $64.8k $12.23
    5,300 SF · lease $18.00/SF/yr · vacancy 2.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $926.3K
    $810.5K – $1.08M (±1% cap)
    NOI $64,843 @ 7.0% cap · market cap 6.52%
    Second Best
    Industrial
    $729.6K
    $638.4K – $851.2K (±1% cap)
    NOI $51,073 @ 7.0% cap · market cap 5.13%
    Theoretical Best
    Office A
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,456 @ 7.0% cap · market cap 15.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smoky Mountain Memories ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Pharmacy Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • CREATIONS BY NICKY — 1370 Dolly Parton Pkwy, Sevierville, TN 37876

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.4537
    Latitude
    35.8844

    FAQs

    What type of property is this?
    Storefront property - Two commercial buildings in Sevierville with high traffic volume.
    Where is this storefront property located?
    The property is located at 2491 Newport Hwy Sevierville, TN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Premium location on Newport Highway in Sevierville, TN, a high‑demand business area.; Two free‑standing commercial buildings totaling approximately 5,300 SF on 1.0 acre.; High traffic area with 13,996 AADT, offering excellent visibility.
    (865) 207-9454 Call to check price and availability
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