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    Property profile & analytics

    1302 New Era Rd Sevierville, TN 37862

    • Warehouses
    • 10,880 SF
    • 2.86 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2821673
    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

    • Warehouses

    Property Details for 1302 New Era Rd

    Year built
    2009
    Construction
    FRAME
    Lot size
    2.86 lot acres
    Property size
    10,880 SF
    Zone code
    C-1
    Property type
    Warehouses
    APN
    078060 14211
    APU
    7806014211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $514,000
      Market price range: $347k - $933k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5974
    Latitude
    35.8464
    CBSA code
    42940
    CBSA name
    SEVIERVILLE, TN MICROPOLITAN 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
    2021
    $2,106
    $14,200
    $128,080
    $142,280
    -
    $35,500
    $320,200
    $355,700

    Comparable in this City

    • Value Estimation
      $370,000
      13,500 SF

      303 Bruce St

      WAREHOUSE, STORAGE • 13,500 SF
      303 Bruce St, Sevierville, TN 37862-3504
      View Details
    • Value Estimation
      $280,000
      1,680 SF

      1094 Ctr Vw Rd

      WAREHOUSE, STORAGE • 1,680 SF
      1094 Ctr Vw Rd, Sevierville, TN 37862
      View Details
    • Value Estimation
      $310,000
      4,800 SF

      1729 Springer Rd

      WAREHOUSE, STORAGE • 4,800 SF
      1729 Springer Rd, Sevierville, TN 37862-7261
      View Details
    • Value Estimation
      $300,000
      2,615 SF

      612 Old Knoxville Hwy

      WAREHOUSE, STORAGE • 2,615 SF
      612 Old Knoxville Hwy, Sevierville, TN 37862-3328
      View Details
    • Value Estimation
      $270,000
      3,455 SF

      720 Old Knoxville Hwy

      WAREHOUSE, STORAGE • 3,455 SF
      720 Old Knoxville Hwy, Sevierville, TN 37862-3138
      View Details
    • Value Estimation
      $295,000
      3,480 SF

      107 Main St

      WAREHOUSE, STORAGE • 3,480 SF
      107 Main St, Sevierville, TN 37862
      View Details

    Similar Nearby for Sale

    • $2,200,000
      6.95 Acres

      Riverfront Development Tract in Sevierville

      6.95-acre riverfront development tract zoned for industrial use.
      1000 Old Knoxville Hwy, Sevierville, TN 37862
      View Details
    • $2,200,000
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      Riverfront Development Tract in Sevierville

      6.95-acre industrial-zoned land with river frontage near downtown Sevierville.
      1000 Old Knoxville Hwy, Sevierville, TN 37862
      View Details
    • $948,900
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      Sevierville Flex Space - Turnkey Business!

      4,000 SF Flex Space, $948,900, Sevierville, TN
      517 Bruce St, Sevierville, TN 37862
      View Details
    • $30,900
      0.17 Acres

      Residential Land Near National Park

      Residential lot in cabin community adjoining Great Smoky Mountain National Park.
      18 Parkside Vlg Dr, Sevierville, TN 37862
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    • $1,249,000
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      Smoky Mountain Chalet Retreat

      Luxury 3-bed cabin, stunning views
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      Sevierville, TN Land For Sale

      1+ acre lot in gated Waldens Ridge community.
      Turkey Crk Way, Sevierville, TN 37862
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    Similar Nearby for Lease

    • $149,000
      51,836 SF

      Sevierville Parkway Commercial Land

      Prime 1.19-Acre Commercial Lot in Sevierville, TN
      1819 Parkway, Sevierville, TN 37862
      View Details
    • $63,000
      92,347 SF

      Prime Commercial Land Near Parkway

      2.12 acres of C-4 zoned land for lease.
      Huskey Dr, Sevierville, TN 37862
      View Details
    • $6,250 /Mo

      Veterans Blvd Ground Lease Parcels

      Four ground lease parcels available on Veterans Blvd, Sevierville, TN.
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    • $27 SF/Yr
      2,400 SF

      Retail Space Near National Brands

      Retail space available, adjacent to national brands in Sevierville.
      605-699 Parkway, Sevierville, TN 37862
      View Details
    • $25 SF/Yr
      6,000 SF

      Retail/Office Space in Sevierville

      Retail or office space available for lease near Tanger Outlets.
      1548 Parkway, Sevierville, TN 37862
      View Details
    • $4,975 /Mo
      2,500 SF

      Renovated Office Space in Sevierville

      Newly renovated 2,500 sq ft office space for rent.
      1148 Wagner Dr, Sevierville, TN 37862
      View Details
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    1302 New Era Rd
    Sevierville, TN 37862
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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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