Live-Work Home with
509 High St Sevierville, TN 37862
509 High St, Sevierville, TN, 37862
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For Sale
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Move-in ready historic home offering flexible home-or-office use in a downtown setting.
Property Size1,408 SF
Price / SF$269.18
Days on Market90
Property Features for 509 High St
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Property subtype
- OFFICE
Listing agency
American Home Sales
(864) 440-0200
Listed by
Heather Sutton
(864) 440-0200
Source
Moodyscre
Added: Apr 24 Updated: Jul 21 at 12:53PM Checked: Jul 21 at 12:53PM
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 American Home Sales
Investment Insights
Based on property information with market context.
509 High St is a well-preserved, move-in ready older home that can be used as either a residence or an office. The property has received recent interior improvements including new interior paint, a new toilet and dishwasher, new crawl space insulation and vapor barrier, and new HVAC duct wrap. Additional updates include roof, siding, and gutters replaced in 2016, and new HVAC installed in 2020. Two outbuildings and a carport are on site and are operable, though they need some repairs.
The property is located downtown Sevierville within the HRO District (Historic Residential Office). It is positioned for convenient access to Pigeon Forge, Gatlinburg, and Knoxville.
For buyers seeking a flexible live-work configuration, the combination of main residence and secondary structures provides workable space for a variety of personal or office-related uses, subject to applicable district requirements.
The property is located downtown Sevierville within the HRO District (Historic Residential Office). It is positioned for convenient access to Pigeon Forge, Gatlinburg, and Knoxville.
For buyers seeking a flexible live-work configuration, the combination of main residence and secondary structures provides workable space for a variety of personal or office-related uses, subject to applicable district requirements.
Key Highlights
- 509 High Street is in the HRO District (Historic Residential Office) and can be used as a home or office
- Downtown Sevierville location with convenience to Pigeon Forge, Gatlinburg, and Knoxville
- Recent updates include new interior paint, a new toilet and dishwasher, and new crawl space insulation and vapor barrier
Local Financial Insights For Office B
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 | $32.4k | $23.04 |
| − Vacancy | −$5.8k | −$4.15 |
| EGI | $26.6k | $18.89 |
| − OpEx | −$6.7k | −$4.72 |
| NOI | $20.0k | $14.17 |
1,408 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$285.0K
$249.4K – $332.5K
NOI $19,951 @ 7.0% cap · market cap 5.26%
Second Best
Mixed Use
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$593.8K
$519.6K – $692.7K
NOI $41,564 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Move-in ready historic home offering flexible home-or-office use in a downtown setting.
Where is this live-work space located?
The property is located at 509 High St Sevierville, TN.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 509 High Street is in the HRO District (Historic Residential Office) and can be used as a home or office; Downtown Sevierville location with convenience to Pigeon Forge, Gatlinburg, and Knoxville; Recent updates include new interior paint, a new toilet and dishwasher, and new crawl space insulation and vapor barrier
