Coffee Shop With Dessert
For Sale
Contact for pricing
461 Parkway, Gatlinburg, TN 37738
Dessert-and-beverage concept includes espresso drinks, lattes, and flavored sweet teas.
Property Size555 SF
Price / SF$180.18
Days on Market52
Property Features for 461 Parkway
General Information
Standard status
Active
Size
555 SF
Class
A
Property subtype
Business for Sale
Zoning
C
Lease Type
NNN
Investment Type
Value Add
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
2026
Units
1
Tenancy
Single
Listing Agency:
MG Rise Real Estate Group
Listed By:
Logan Smith · License #364516
(423) 251-9162
Source:
Crexi
Added: Jul 31
Changed: Sep 9
Last Checked: Sep 20 at 8:58AM
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 MG Rise Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2026, this coffee shop combines a focused dessert offering with a beverage program featuring espresso drinks, lattes, and flavored sweet teas. The menu centers on fresh-baked cobbler served with ice cream in seven flavors, including peach, apple, cherry, blueberry, pecan, strawberry, and blackberry. The premises include nearly new commercial equipment, and the operation is supported by full staff coverage. Zoning is designated C.
The shop occupies 461 Parkway in Gatlinburg, at red light #1 on the Parkway. Its storefront faces inbound tourist traffic approaching the first traffic signal entering town, providing direct exposure to passing visitors. The concept opened in spring 2026 and features a clean orange, white, and green interior and brand palette.
The shop occupies 461 Parkway in Gatlinburg, at red light #1 on the Parkway. Its storefront faces inbound tourist traffic approaching the first traffic signal entering town, providing direct exposure to passing visitors. The concept opened in spring 2026 and features a clean orange, white, and green interior and brand palette.
Key Highlights
- 555 PropertySize as provided; dedicated coffee shop and dessert concept
- Built in 2026 and opened in spring 2026
- Cobbler served with ice cream in 7 flavors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,227
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,540
$144.5K
Cap Rate 7%
$103,243
$103.2K
Cap Rate 9%
$80,300
$80.3K
Market Conditions
NOI Build-Up for 555 SF
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.
Gross rent
$9.9K $17.88/SF
− Vacancy
−$288 −$0.52/SF
EGI
$9.6K $17.36/SF
− OpEx
−$2.4K −$4.34/SF
NOI
$7.2K $13.02/SF
Area
Sevier County, TN
Vacancy
2.90%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$144,540
Cap Rate 7%
$103,243
Cap Rate 9%
$80,300
Alternative Uses
Best Use
Specialty Retail
$103.2K
$90.3K – $120.5K
NOI $7,227 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.1K
$204.8K – $273.1K
NOI $16,384 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37738, TN
5,001
Population
7,075
Households
0.7
Avg Household Size
49
Median Age
31%
College-Educated
91%
High-School Grad
214.6 sq mi
ZIP Area
23
Density / Sq Mi
$63,133
Median Household Income
$29,169
Median Earnings
$1,090
Median Rent
$275,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Kikiberri Frozen Yogurt — 835 perry dr, gatlinburg, tn 37738
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- Flapjack's Pancake Cabin — 956 Parkway, Gatlinburg, TN 37738
- Kikiberri Frozen Yogurt — 469 baskins creek rd, gatlinburg, tn 37738
Frequently Asked Questions
What type of property is this?
Coffee shop - Dessert-and-beverage concept includes espresso drinks, lattes, and flavored sweet teas.
Where is this coffee shop located?
The property is located at 461 Parkway Gatlinburg, TN.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 555 PropertySize as provided; dedicated coffee shop and dessert concept; Built in 2026 and opened in spring 2026; Cobbler served with ice cream in 7 flavors
