Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1180 Parrotts Chapel Rd Sevierville, TN 37876-5826

    • Commercial real estate
    • 5,780 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1259838
    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.

    Current Use by Public Records

    • Maddron Cabinets / General Contractor / Renovation Specialist

    Property Details for 1180 Parrotts Chapel Rd

    Year built
    1993
    Construction
    FRAME
    Property size
    5,780 SF
    Zone code
    A-1
    Property type
    Commercial real estate
    APN
    095 04005 001
    APU
    9504005001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.429
    Latitude
    35.9342
    CBSA code
    34100
    CBSA name
    MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $56,120
    $56,120
    -
    $0.00
    $140,300
    $140,300

    Comparable in this City

    • Value Estimation by Request
      1.20 Acres

      Douglas Dm Rd

      COMMERCIAL (GENERAL) • 1.20 Acres
      Douglas Dm Rd, Sevierville, TN 37876
      View Details
    • Value Estimation by Request
      4.05 Acres

      Grn Tree Way

      COMMERCIAL (GENERAL) • 4.05 Acres
      Grn Tree Way, Sevierville, TN 37876
      View Details
    • Value Estimation by Request
      0.50 Acres

      2828 Dupont Spgs Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      2828 Dupont Spgs Rd, Sevierville, TN 37876
      View Details
    • Value Estimation by Request
      1.00 Acre

      3190 Birds Crk Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      3190 Birds Crk Rd, Sevierville, TN 37876-8752
      View Details
    • Value Estimation by Request

      2119 Ridgecrest Loop Ln

      COMMERCIAL (GENERAL)
      2119 Ridgecrest Loop Ln, Sevierville, TN 37876-8825
      View Details
    • Value Estimation
      $635,000
      5,000 SF

      Price Way

      COMMERCIAL (GENERAL) • 5,000 SF
      Price Way, Sevierville, TN 37876
      View Details

    Similar Nearby for Sale

    • $499,900
      11.00 Acres

      Douglas Lake Island Sanctuary

      11 Acres, Prime Waterfront Land
      0 Douglas Lk Is, Fairgarden, TN 37876
      View Details
    • $3,500,000
      4.93 Acres

      Sevierville Commercial Land - $3.5M

      Prime 4.93-acre C-5 zoned lot near Soaky Mountain.
      0 Old Knoxville Hwy, Sevierville, TN 37876
      View Details
    • $30,000
      0.33 Acres

      Sevierville, TN Land For Sale

      Land in Sevierville, TN, offering peaceful seclusion and convenient access.
      Black Oak Dr, Sevierville, TN 37876
      View Details
    • $199,900
      0.91 Acres

      Douglas Lakefront Lot with RV

      Lakefront lot with RV near Dollywood, Sevierville, Pigeon Forge.
      Par 005.00 Aaron St, Sevierville, TN 37876
      View Details
    • $590,000
      14.00 Acres

      Sevierville Land Near Smoky Mountains

      14 acres near Pigeon Forge, Dollywood, and Gatlinburg.
      Bates Gibson Rd, Sevierville, TN 37876
      View Details
    • $169,000
      2.98 Acres

      Sevierville Land with Mountain Views

      2.98 acres of gently sloping land with phenomenal views.
      Shell Mountain Rd, Sevierville, TN 37876
      View Details

    Similar Nearby for Lease

    • $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
    • $14 SF/Yr
      89,352 SF

      Sevierville Retail Space For Rent

      Large retail space near Winfield Dunn Parkway, Sevierville.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details
    • $34,500
      2,000 SF

      Sevierville Commercial Space For Rent

      2000 sq ft office space in high-traffic Sevierville location.
      115 Allensville Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing
      162,698 SF

      Sevierville Industrial Space Available

      Large industrial space, multiple tenants possible.
      128 River Bend Dr, Sevierville, TN 37876
      View Details
    • $5,000 /Mo
      Pending

      Sevierville Warehouse and Office Space

      Warehouse and office space available for lease in Sevierville, TN.
      2664 Old Newport Hwy, Sevierville, TN 37876
      View Details
    • $12,000 /Mo

      Retail Pad Near National Park

      Retail pad available on Winfield Dunn Parkway near Target.
      812 Winfield Dunn Pkwy, Sevierville, TN 37876
      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.
    1180 Parrotts Chapel Rd
    Sevierville, TN 37876-5826
    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.