2491 Newport Hwy, Sevierville, TN
Two commercial buildings in Sevierville with high traffic volume.
- 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
Listing agent Doug Kose (865) 207-9454
Listing office Realty Executives Associates (865) 207-9454
Listing date Jul 16, 2025
Source Moodyscre
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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
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 |
Alternative Uses
Current Use by Public Records
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