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    Crown Cir Fairgarden, TN 37876

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    Crown Cir Fairgarden, TN 37876

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    • Commercial real estate
    • 8.00 lot acres
    For Sale
    $849,000
    View Listing →
    Sevierville Mountain View Land For Sale
    $849,000

    Sevierville Mountain View Land

    2.18 Acres, Panoramic Views, Gated Community

    Pigeon Forge, TN 37876
    View Listing
    Property ID
    US80-2209356
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 Crown Cir

    Lot size
    8.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional opportunity to acquire 8 acres of prime residential land in the prestigious Shagbark Resort's Village community in Sevierville, Tennessee (zip code 37876). This property, designated Phase E, offers unparalleled flexibility. Currently platted as up to 40 individual lots (1E-40E), it can be purchased and developed as a single entity or subdivided into individual lots for sale. The property is being sold as-is. Nestled within a gated, secure, 1300-acre wildlife preserve, residents enjoy abundant wildlife viewing opportunities, including black bears, wild turkeys, deer, and raccoons. Shagbark Resort amenities include a 24-hour staffed guard gate, community swimming pool, tennis courts, pickleball courts, and a playground. Its central location provides easy access to the attractions of Pigeon Forge and Gatlinburg, along with abundant shopping and dining options. The asking price for this exceptional development opportunity is $3,999,500. This is a rare chance to own a significant piece of the Smoky Mountains' most desirable real estate. The property is zoned for residential use and is located on Summit Village Dr.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairgarden
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.644579
    Latitude
    35.755221

    Comparable in this City

    • $849,000
      2.18 Acres

      Sevierville Mountain View Land

      2.18 Acres, Panoramic Views, Gated Community
      0 Crown Cir, Fairgarden, TN 37876
      View Details
    • $270,000
      Pending

      Sevierville Land For Sale

      4.6-acre property near Pigeon Forge Parkway, ideal for short-term rentals.
      Helton Rd, Sevierville, TN 37876
      View Details
    • $39,900
      5.09 Acres

      Sevierville Land Near Dollywood

      5-acre lot suitable for a mountain home or rental cabins.
      Paint Horse Way, Sevierville, TN 37876
      View Details
    • $570,000
      2,644 SF

      Smoky Mountain Duplex Hideaway

      Two-unit property near Gatlinburg, Pigeon Forge, and Great Smoky Mountains.
      4238 A & B, Sevierville, TN 37876
      View Details
    • $749,000
      2,016 SF

      Updated Cabin Near Dollywood

      Updated 3-bedroom cabin in gated resort, near Dollywood.
      1550 Bears Den Way, Sevierville, TN 37876
      View Details
    • $35,250,000

      New Multifamily Community Development

      Class A apartment community in Sevierville, Tennessee, with strong leasing momentum.
      2222 Two Rivers Blvd, Sevierville, TN 37876
      View Details

    Similar Nearby for Sale

    • $849,000
      2.18 Acres

      Sevierville Mountain View Land

      2.18 Acres, Panoramic Views, Gated Community
      0 Crown Cir, Fairgarden, TN 37876
      View Details
    • $270,000
      Pending

      Sevierville Land For Sale

      4.6-acre property near Pigeon Forge Parkway, ideal for short-term rentals.
      Helton Rd, Sevierville, TN 37876
      View Details
    • $39,900
      5.09 Acres

      Sevierville Land Near Dollywood

      5-acre lot suitable for a mountain home or rental cabins.
      Paint Horse Way, Sevierville, TN 37876
      View Details
    • $570,000
      2,644 SF

      Smoky Mountain Duplex Hideaway

      Two-unit property near Gatlinburg, Pigeon Forge, and Great Smoky Mountains.
      4238 A & B, Sevierville, TN 37876
      View Details
    • $749,000
      2,016 SF

      Updated Cabin Near Dollywood

      Updated 3-bedroom cabin in gated resort, near Dollywood.
      1550 Bears Den Way, Sevierville, TN 37876
      View Details
    • $35,250,000

      New Multifamily Community Development

      Class A apartment community in Sevierville, Tennessee, with strong leasing momentum.
      2222 Two Rivers Blvd, Sevierville, TN 37876
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo

      Highway 66 Accessible Land Parcel

      1.36 acres for lease near Highway 66.
      Allensville Rd, Sevierville, TN 37876
      View Details
    • $60,000

      Winfield Dunn Parkway Commercial Land

      Commercial land for ground lease on Winfield Dunn Parkway.
      646 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $8,000 /Mo
      21,780 SF

      Commercial Land on Winfield Dunn

      Prime commercial property with high traffic count available for lease.
      332 Old Douglas Dam Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Winnfield Dunn Parkway Ground Lease

      Ground lease opportunity with high visibility and frontage.
      428 Old Douglas Dam Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Industrial Space For Rent

      11,520 SF industrial space available for lease.
      3275 Newport Hwy, Sevierville, TN 37876
      View Details
    • Contact for pricing
      37,875 SF

      Pigeon Forge Industrial Building

      Industrial building for lease with warehousing and manufacturing space.
      144 River Bend Dr, Sevierville, TN 37876
      View Details
    View Listing
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    Fairgarden, TN 37876
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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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    Crown Cir, Fairgarden, TN, 37876

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