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Property profile & analytics
OFF-MARKET
Estimated value
$11,205,000
Hotels
124 Waldens Main St Pigeon Forge, TN 37863-4270
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1070060
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Construction
CONCRETE
Total area
66,482 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-2
APN
078083 01905
UPID
US80-1070060
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
-
The Walden, Trademark Collection By Wyndham Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.68M
Blend (final)
Blend
$11.21M
Owner & transaction history
Walders Hospitality INC · 5 yrs held
Walders Hospitality INC
since 2021
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.0M
+91.5%
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
$11,300,000
ML approach
$11,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,835,000
Current use
RETAIL STORES
$15,010,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,080,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$11.21M
Range $10.08M – $12.33M · ±10% · vs last sale $10.80M (Mar 18 2021)
Last sale anchor
$10.80M
Mar 18 2021
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
$169 / 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
$61,897
Tax year 2021
Assessed value
$3,762,320
Assessed 2023
Previous assessed
$3,762,320
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$505,200
Assessed improvement
$3,257,120
Land market value
$1,263,000
Improvement market value
$8,142,800
Total market value
$9,405,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
99
Total area
66,482 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C-2
APN
078083 01905
UPID
US80-1070060
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
HOTEL/MOTEL Current
Est. value
$7.8M
RETAIL STORES
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$7.1M
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
99
Lot
1.49 ac
Current owner
From public records · entity-resolved
Walders Hospitality INC
Entity
Mailing address
124 WALDENS MAIN ST, PIGEON FORGE, TN 37863-4270
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
Waldens Hospitality INC
—
Deed
related
$600,000 · Tennessee State Bank
Mar 18, 2021
$10,800,000
Walders Hospitality INC
Sat Chitt Anand INC
Special Warranty Deed
$9,180,000 · State Bank
Mar 3, 2010
—
Sat Chitt Anand INC
—
Trustees Deed
related
$7,000 · Mountain National Bank
Jan 29, 2010
—
Sat Chitt Anand INC
—
Trustees Deed
related
$19,000 · Mountain National Bank
Apr 30, 2009
—
Sat Chitt Anand INC
—
Trustees Deed
related
$9,083,111 · Mountain National Bank
Jul 29, 2008
$1,200,000
Sat Chitt Anand INC
Hari Om Hospitality LLC
Warranty Deed
$1,000,000 · Citizens National Bank
May 30, 2008
$1,200,000
Hari Om Hospitality LLC
Holrob Pigeon Forge Ptrs II
Warranty Deed
$1,000,000 · Citizens National Bank
—
—
Sat Chitt Anand INC
—
Deed Of Trust
related
$7,002,000 · Mountain National Bank
—
—
Sat Chitt Anand INC
—
Deed Of Trust
related
$1,971,000 · Areawide Development Corp
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.
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