Remodeled Mixed-Use
For Sale
$399,000
739 W Main Street, Sevierville, TN 37862
COMMERCIAL - Sevierville, TN
Property Size1,352 SF
Lot Size1.80 Acres
Price / SF$295.12
Days on Market270
Property Features for 739 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Rooms
Basement
Parking
8
Parking features
Driveway
Lot features
Front Yard, Gentle Sloping
Directions
From Hwy 66 Sevierville, Turn Left onto Dolly Parton Parkway, Turn Right onto West Main Street.
Subdivision
Sevierville
Standard status
Active
APN
049 HD 008.00
Size
1,352 SF
Lot size
1.80 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
351
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1946
Floors in Building
2
Flooring type
Vinyl
Building materials
Frame, Vinyl Siding
Additional Structures
Outbuilding
Listing Agency:
Hitt Real Estate
(865) 255-1727
Listed By:
Tara D'Andrea
(865) 216-5377
Added: Dec 1, 2025
Changed: Aug 13
Last Checked: Aug 28 at 4:06AM
MLS# 309323
Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This completely remodeled 2 bedroom, 3 bathroom building offers flexible functionality for commercial or residential use. The property is positioned on 1.8 acres and includes an outside storage building, supporting day-to-day operations for a variety of tenants and owner-occupants. With its practical layout and updated finishes, it can serve as an office space or be used in a short-term rental capacity.
Located at 739 W Main Street in Sevierville, the property benefits from its Main Street setting in the downtown area. It is zoned C4, which supports the listed potential commercial and residential uses. The listing also notes plenty of parking and proximity to major attractions and everyday conveniences.
For tenants, buyers, or operators, the C4 zoning and on-site parking make it workable for office-oriented concepts such as a title company, dentist office, attorney office, or hair salon, as well as for residential or short-term rental use. Because the property is described as right on Main Street and includes additional storage, it may fit well for users seeking a single asset that can accommodate both working and customer-facing needs.
Located at 739 W Main Street in Sevierville, the property benefits from its Main Street setting in the downtown area. It is zoned C4, which supports the listed potential commercial and residential uses. The listing also notes plenty of parking and proximity to major attractions and everyday conveniences.
For tenants, buyers, or operators, the C4 zoning and on-site parking make it workable for office-oriented concepts such as a title company, dentist office, attorney office, or hair salon, as well as for residential or short-term rental use. Because the property is described as right on Main Street and includes additional storage, it may fit well for users seeking a single asset that can accommodate both working and customer-facing needs.
Key Highlights
- Prime location in downtown Sevierville on the Parkway, offering high visibility and accessibility
- Zoned C‑4, allowing for commercial, residential, or short‑term rental use, providing versatile investment options
- Completely remodeled 2 bed/3 bath building blending vintage charm with modern updates
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
$19,157
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
4.80%
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%
$383,140
$383.1K
Cap Rate 7%
$273,671
$273.7K
Cap Rate 9%
$212,856
$212.9K
Market Conditions
NOI Build-Up for 1,352 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
$31.2K $23.04/SF
− Vacancy
−$5.6K −$4.15/SF
EGI
$25.5K $18.89/SF
− OpEx
−$6.4K −$4.72/SF
NOI
$19.2K $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 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%
$383,140
Cap Rate 7%
$273,671
Cap Rate 9%
$212,856
Alternative Uses
Best Use
Office B
$273.7K
$239.5K – $319.3K
NOI $19,157 @ 7.0% cap · market cap 4.80%
Second Best
Mixed Use
$239.9K
$209.9K – $279.9K
NOI $16,792 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$570.2K
$498.9K – $665.2K
NOI $39,911 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Completely remodeled 2 bed, 3 bath building on C4 zoning with flexible use as office or short-term rental.
Where is this mixed-use property located?
The property is located at 739 W Main Street Sevierville, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime location in downtown Sevierville on the Parkway, offering high visibility and accessibility; Zoned C‑4, allowing for commercial, residential, or short‑term rental use, providing versatile investment options; Completely remodeled 2 bed/3 bath building blending vintage charm with modern updates
