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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Warehouses
1215 Wears Vly Rd Ofc Pigeon Forge, TN 37863-7711
Entity Owned
4-yr Hold
Property ID
US80-2185499
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
FRAME
Total area
16,000 SF
Lot
4.86 ac (211,702 SF)
Zoning code
C-2
APN
078093 12601
UPID
US80-2185499
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wholesale Furniture & Linens Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.06M
Owner & transaction history
Wears Valley Partners LLC · 4 yrs held
Wears Valley Partners LLC
since 2022
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+382.6%
Retail stores
$3.6M
+162.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pigeon Forge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pigeon Forge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,550,000
ML approach
$4,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,635,000
Change: +383% · Conversion: Difficult
RETAIL STORES
$3,610,000
Change: +163% · Conversion: Moderate
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10% · vs last sale $5.00M (Mar 3 2022)
Last sale anchor
$5.00M
Mar 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$316 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$3,895
Tax year 2021
Assessed value
$321,720
Assessed 2023
Previous assessed
$236,760
+35.9% YoY
Effective rate
1.21%
On assessed value
Assessed land
$58,640
Assessed improvement
$263,080
Land market value
$146,600
Improvement market value
$657,700
Total market value
$804,300
Applied tax rate
78.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
16,000 SF
Lot
4.86 ac (211,702 SF)
Zoning code
C-2
APN
078093 12601
UPID
US80-2185499
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Pigeon Forge, TN
Zoning C-2 · permitted uses
C-2 · Pigeon Forge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pigeon Forge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.6M
RETAIL STORES
Est. value
$3.6M
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.86 ac
Current owner
From public records · entity-resolved
Wears Valley Partners LLC
Entity
Mailing address
83 COZY MTN LN, WEAVERVILLE, NC 28787-8456
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$5,000,000
Wears Valley Partners LLC
Wholesale Furniture & Linens LLC
Special Warranty Deed
$2,850,000 · Wholesale Furniture & Linens LLC
Sep 14, 2020
—
Wholesale Furniture And Linens LLC
—
Deed
related
$600,000 · Peoples Community Bank
Aug 21, 2019
—
Wholesale Furniture And Linens LLC
—
Deed
related
$500,000 · Highlands Union Bank
Mar 8, 2019
$600,000
Wholesale Furniture & Linens L
Haynes,daniel L & Rebecca L
Warranty Deed
—
Jan 10, 1992
$185,000
Harold L Haynes
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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