Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    740 River Road Gatlinburg, TN 37738

    View on Map
    Claim this Listing
    New
    For Sale
    $1,750,000

    COMMERCIAL - Gatlinburg, TN

    Property size:
    1,675 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $1,044/SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for 740 River Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Parking
    6
    Parking features
    Garage, Driveway
    Window features
    Blinds
    Standard status
    Active
    APN
    126N B 004.00
    Size
    1,675 SF
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2654

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1

    We can help!

    Listing Contact
    Geoff Hill

    Listing agent Geoff Hill

    Listing office Prime Mountain Properties 807 B Dolly Parton Parkway, Kodak, TN

    Listing date Apr 24, 2026

    MLS# 311547

    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.

    Overview

    Gatlinburg Commercial Property on River

    This commercial property, situated in a prime location on River Road in Gatlinburg, Tennessee, presents an opportunity for development. The site, totaling 1.22 acres, is zoned C2 and is positioned between two established restaurants. The property's location may be suitable for a business or short-term rental development. The property contains 1675 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Restaurant Nail Salon Pharmacy Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gatlinburg
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.52265
    Latitude
    35.708503

    Nearby Similar for Sale

    • $499,000
      2,200 SF

      Gatlinburg Commercial Property For Sale

      Remodeled commercial property with C-5 zoning in high-traffic Gatlinburg location.
      465 Glades Road, Gatlinburg, TN 37738
      View Details
    • $2,696,000
      3,934 SF

      Gatlinburg Income-Producing Cottage Portfolio

      Eleven furnished cottages in Gatlinburg, generating over $335k gross revenue.
      124 Roaring Fork Rd, Gatlinburg, TN 37738
      View Details
    • $419,900

      Gatlinburg Land with C-3 Zoning

      1.71 acres of C-3 zoned land in Gatlinburg, TN.
      891 Glades Road, Gatlinburg, TN 37738
      View Details
    • $799,900

      Gatlinburg Land Investment Opportunity

      Ten C2-zoned lots near downtown Gatlinburg with utilities on site.
      Silverbell Heights Lane, Gatlinburg, TN 37738
      View Details
    • $180,000

      Gatlinburg Land Ready to Build

      C-2 zoned lot in the Glades area of Gatlinburg.
      545 Johnson Lane, Gatlinburg, TN 37738
      View Details
    • $299,900

      Corner Lot with Mountain Views

      Premier land near downtown Gatlinburg with stunning 30-mile views.
      Bavarian Way lot: 3, Gatlinburg, TN 37738
      View Details
    • $79,900

      Gatlinburg Land C2 Opportunity

      Commercial lot near downtown Gatlinburg with development potential.
      Silverbell Heights Lane lot: 9A-1, Gatlinburg, TN 37738
      View Details
    • $210,000

      Gatlinburg Land Near Downtown

      Rare Gatlinburg land with utilities, near downtown and trolley.
      833 Sleepy Hollow Road, Gatlinburg, TN 37738
      View Details
    • $1,100,000

      Gatlinburg Land Development Opportunity

      8.85 acres near Gatlinburg Arts & Crafts Community.
      1178 Ogle Hills Road, Gatlinburg, TN 37738
      View Details
    • $900,000
      1,893 SF

      Turnkey Luxury Cabin in Gatlinburg

      Luxury cabin near downtown Gatlinburg with proven rental income.
      519 Edgewood Drive, Gatlinburg, TN 37738
      View Details
    • $107,000

      Gatlinburg Campsite with Resort Amenities

      Turnkey campsite in gated resort near Smoky Mountains National Park.
      4223 East Parkway, Gatlinburg, TN 37738
      View Details
    • $1,725,000

      Gatlinburg Shovel-Ready Tiny Home Development

      Approved tiny home development opportunity in the heart of Gatlinburg.
      Gatlin Drive, Gatlinburg, TN 37738
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land opportunity in Gatlinburg, Tennessee.
    Where is this commercial land located?
    The property is located at 740 River Road Gatlinburg, TN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime location on River Rd between two popular restaurants.; Suitable for business or large‑scale short‑term rental (STR).; Garage and driveway parking available.
    (865) 680-8686
    We can help!
    Listing Contact
    Geoff Hill
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!