Mixed-Use Property with Multiple
For Sale
$897,909
526 Belle Ave, Sevierville, TN 37862
Flexible commercial layout includes multiple lobbies, conference rooms, and two kitchens.
Property Size5,068 SF
Price / SF$177.17
Days on Market67
Property Features for 526 Belle Ave
General Information
Standard status
Active
Size
5,068 SF
Amenities
multiple lobbies
multiple conference rooms
two kitchens
additional dwellings
Building Details
Year Built
1939
Listing Agency:
Your Home Sold Guaranteed Realty
Listed By:
Jacob Price · License #338140
(865) 454-7828
Source:
Fykesrealtygroup
Added: Aug 9
Changed: Oct 14
Last Checked: Oct 13 at 12:29AM
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 Your Home Sold Guaranteed Realty
Investment Insights
Based on property information with market context.
Built in 1939, this mixed-use property offers a multi-room commercial configuration with several lobby areas, multiple conference rooms, and two kitchens. The layout has previously accommodated a real estate office and a marketing company, providing a documented history of office-oriented use.
Located at 526 Belle Avenue in downtown Sevierville, the property also includes additional dwellings that could support on-site living. Its combination of business spaces and residential components creates a distinctive mixed-use configuration for an owner seeking a property with multiple functional areas.
Located at 526 Belle Avenue in downtown Sevierville, the property also includes additional dwellings that could support on-site living. Its combination of business spaces and residential components creates a distinctive mixed-use configuration for an owner seeking a property with multiple functional areas.
Key Highlights
- 1939 construction
- Multiple lobby areas and conference rooms
- Two kitchens within the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,812
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,240
$1.4M
Cap Rate 7%
$1,025,886
$1.0M
Cap Rate 9%
$797,911
$797.9K
Market Conditions
NOI Build-Up for 5,068 SF
Gross rent
$116.8K $23.04/SF
− Vacancy
−$21.0K −$4.15/SF
EGI
$95.7K $18.89/SF
− OpEx
−$23.9K −$4.72/SF
NOI
$71.8K $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%
$1,436,240
Cap Rate 7%
$1,025,886
Cap Rate 9%
$797,911
Alternative Uses
Best Use
Office B
$1.03M
$897.7K – $1.20M
NOI $71,812 @ 7.0% cap · market cap 8.00%
Second Best
Mixed Use
$899.2K
$786.8K – $1.05M
NOI $62,945 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,607 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 37862, TN
23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Flexible commercial layout includes multiple lobbies, conference rooms, and two kitchens.
Where is this mixed-use property located?
The property is located at 526 Belle Ave Sevierville, TN.
What is the asking price?
The asking price for this property is $897,909.
What are key features of this property?
This property features: 1939 construction; Multiple lobby areas and conference rooms; Two kitchens within the property
