Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Black Walnut Flats Rd Sevierville, TN 37862
    Back to Search
    Property profile & analytics

    Black Walnut Flats Rd Sevierville, TN 37862

    View on Map
    • Land
    • 0.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Black Walnut Flats Rd

    Lot size
    0.67 lot acres
    Property type
    Land

    Description

    This exceptional 0.67-acre commercial lot presents a unique investment opportunity in the highly desirable Shagbark resort community in Sevier County, Tennessee. Located on Black Walnut Flats Rd, Pigeon Forge, zip code 37862, this property boasts breathtaking panoramic views of the Great Smoky Mountains. Shagbark offers an unparalleled lifestyle with 24/7 security, ensuring peace of mind. Residents enjoy access to a wealth of amenities including a dog park, playground, swimming pool, and tennis court. High-speed fiber optic internet is also available. The convenient location provides easy access to Pigeon Forge, Gatlinburg, and Dollywood, placing you within minutes of world-class attractions and entertainment. This lot is situated in one of Tennessee's most sought-after areas, offering a blend of natural beauty and modern convenience. The asking price is $15,000. Don't miss this chance to own a piece of this remarkable community. This property is zoned for commercial use and presents a rare opportunity for development in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.6723
    Latitude
    35.7471

    Comparable in this City

    • Value Estimation by Request

      Forks Of The River Pkwy

      Land
      0 Forks Of The River Pkwy, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      0.67 Acres

      Black Walnut Flats Rd

      Land • 0.67 Acres
      0 Black Walnut Flats Rd, Sevierville, TN 37862
      View Details
    • Value Estimation by Request

      1819 Parkway

      Land
      1819 Parkway, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      96.77 Acres

      731 Hardin Ln

      Land • 96.77 Acres
      731 Hardin Ln, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      1.50 Acres

      Winfield Dunn Pkwy

      Retail properties & Spaces • 68,171 SF
      0 Winfield Dunn Pkwy, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      0.52 Acres

      2211 Ridgeland Cir

      Land • 0.52 Acres
      2211 Ridgeland Cir, Sevierville, TN 37862
      View Details

    Similar Nearby for Sale

    • $250,000
      25.00 Acres

      Unrestricted Woodland in Wears Valley

      25 acres of secluded, unrestricted woodland in the Smoky Mountain foothills.
      Mitchell Holw Rd, Sevierville, TN 37862
      View Details
    • $69,999

      Land for Sale

      Land available in Sevierville, Tennessee.
      76 Smoky Ridge Way, Sevierville, TN 37862
      View Details
    • $1,250,000
      Pending

      Sevierville Land with Income Potential

      25.86 acres with homes and cell tower lease.
      235 Maggie Mack Ln, Sevierville, TN 37862
      View Details
    • $1,385,000
      14.26 Acres

      Sevierville Land Near Smoky Mountains

      14.26-acre parcel near dining, shopping, and national park.
      3557 Wears Valley Rd, Sevierville, TN 37862
      View Details
    • $92,500
      1.27 Acres

      Sevierville Land Near Dollywood

      1.27 acres near Dollywood and Pigeon Forge in Sevierville, TN.
      19 Somerset Ln, Sevierville, TN 37862
      View Details
    • $2,400,000
      56.74 Acres

      Sevierville Land with Development Potential

      56.74 acres in the heart of Sevierville, Tennessee.
      1145 Little Cove Rd, Sevierville, TN 37862
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land for Lease

      1.19 +/- acres for lease near Tanger Outlet.
      1819 Parkway, Sevierville, TN 37862
      View Details
    • Contact for pricing

      Veterans Blvd Ground Lease Parcels

      Four ground lease parcels available on Veterans Blvd, Sevierville, TN.
      Veterans Blvd, Sevierville, TN 37862
      View Details
    • Contact for pricing

      Prime Location on Dolly Parton

      High-visibility commercial space with convenient access in Sevierville, TN.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $19 SF/Yr

      Retail Opportunity on Dolly Parton

      Prime retail location with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $39 SF/Yr

      Retail Space on Main Corridor

      Retail space with high visibility near popular attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • Contact for pricing
      2,283 SF

      Sevierville Office Space For Rent

      Office space in high-traffic Sevierville location, ready for move-in.
      124 N Henderson Ave, Sevierville, TN 37862
      View Details
    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.
    Black Walnut Flats Rd
    Sevierville, TN 37862
    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

    Thank You for Inquiry
    Black Walnut Flats Rd, Sevierville, TN, 37862
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!