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Property profile & analytics
FOR LEASE
Office Spaces
124 N Henderson Ave Sevierville, TN 37862
Entity Owned
Free & Clear
Property ID
US80-3397199
For Lease
1 / 4
$3,400/Mo
124 N Henderson Ave, Sevierville, TN 37862
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,246 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-3
APN
078049L A 02406
UPID
US80-3397199
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
-
Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
-
Revedy Realty Real Estate Agency
-
Peninsula Crisis Center Medical Clinic
-
Kimberly D. Kelly, RN Registered General Nurse
-
Nathan O. Smith, BA Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.29M
Owner & transaction history
Peacock Way LLC
Peacock Way LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-3 · Sevierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sevierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sevierville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,465,000
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.26M (Nov 25 2025)
Last sale anchor
$1.26M
Nov 25 2025
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
$156 / 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
$7,329
Tax year 2021
Assessed value
$384,680
Assessed 2023
Previous assessed
$384,680
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$92,760
Assessed improvement
$291,920
Land market value
$231,900
Improvement market value
$729,800
Total market value
$961,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
10
Total area
8,246 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-3
APN
078049L A 02406
UPID
US80-3397199
Jurisdiction
SEVIER
Zoning & alternative use
C-3 · Sevierville, TN
Zoning C-3 · permitted uses
C-3 · Sevierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sevierville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
0.68 ac
Current owner
From public records · entity-resolved
Peacock Way LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3124 GREAT WOOD WAY, KNOXVILLE, TN 37922-6673
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$1,263,539
Peacock Way LLC
Thornburg & Associates LLC
Warranty Deed
—
Jan 2, 2025
$1,350,000
Thornburg & Associates LLC
Winding River LLC
Warranty Deed
$1,260,539 · Peacock Way LLC
Aug 17, 2015
$1,095,000
Winding River LLC
Rasmussen Donald Trust
Warranty Deed
—
Dec 2, 2004
$1,100,000
Rasmussen Donald Trust
Pierce,jerry A & Bobbie M
Warranty Deed
$540,000 · Home Federal Bank Tennessee
Sep 29, 1993
$125,000
Jerry A Pierce
Unknown
Grant Deed
—
Sep 21, 1993
$125,000
Jerry A Pierce
Unknown,
Grant Deed
—
Jun 6, 1989
$78,650
Sevier Co Farm Bureau INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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