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    Winfield Dunn Pkwy Sevierville, TN 37862
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    Winfield Dunn Pkwy Sevierville, TN 37862

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    • Retail properties & Spaces
    • 68,171 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Winfield Dunn Pkwy

    Lot size
    1.50 lot acres
    Property size
    68,171 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial development opportunity encompasses three parcels totaling approximately 7.35 acres of land in Sevierville, Tennessee. Strategically located on Winfield Dunn Parkway (Highway 66), this property boasts over 875 feet of highway frontage, experiencing a high daily traffic count of 50,561 vehicles in 2022. Adding to its appeal is approximately 500 feet of Little Pigeon River frontage. The site is zoned Arterial Commercial (C-4) by the City of Sevierville, allowing for a wide range of development possibilities. Its prime location places it between key Sevierville attractions, including the Sevierville Convention Center, Wilderness at the Smokies, and the Sevierville Golf Course, as well as the city's retail area. The property's adjacency to a newly constructed 173-unit multi-family community further enhances its desirability. The asking price is $7,350,000, translating to approximately $750,000 per acre. The total buildable square footage is estimated between 68,171 and 130,680 square feet. This is an owner/user investment opportunity, ideal for development projects. The property is currently vacant and is held under an LLC ownership structure. The APN numbers are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5726
    Latitude
    35.8809

    Comparable in this City

    • Value Estimation
      $1,170,000
      12,660 SF

      120 Main St

      DEPARTMENT STORE • 12,660 SF
      120 Main St, Sevierville, TN 37862-3514
      View Details
    • Value Estimation
      $1,730,000
      15,704 SF

      229 Frks Of The Riv Pkwy

      DEPARTMENT STORE • 15,704 SF
      229 Frks Of The Riv Pkwy, Sevierville, TN 37862-3418
      View Details
    • Value Estimation by Request
      63,303 SF

      217 Frks Of The Riv Pkwy

      DEPARTMENT STORE • 63,303 SF
      217 Frks Of The Riv Pkwy, Sevierville, TN 37862-3418
      View Details
    • Value Estimation by Request
      154,735 SF

      639 Parkway

      Retail properties & Spaces • 154,735 SF
      639 Parkway, Sevierville, TN 37862
      View Details
    • Value Estimation
      $3,195,000
      101,024 SF

      320 Main St

      DEPARTMENT STORE • 101,024 SF
      320 Main St, Sevierville, TN 37862-3318
      View Details
    • Value Estimation
      $785,000
      19,197 SF

      307 Ct Ave

      DEPARTMENT STORE • 19,197 SF
      307 Ct Ave, Sevierville, TN 37862-3448
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing

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    • $39 SF/Yr

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      View Details
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    Sevierville, TN 37862
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    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
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