Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1506 Mdw Ct Sevierville, TN 37862-9359

    • Warehouses
    • 8,736 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1734734
    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

    • Laundry Systems Commercial Equipment Company / HVAC Service / General Contractor
    • Laundry Systems of Tennessee / Big Box & Wholesale Store

    Property Details for 1506 Mdw Ct

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.64 lot acres
    Property size
    8,736 SF
    Zone code
    C-2
    Property type
    Warehouses
    APN
    078062D A 18700
    APU
    078062DA18700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $965,000
      Market price range: $324k - $1.27M
      AI Estimate
      $654,000
      Market price range: $279k - $749k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $750,000
      Current use
      RETAIL STORES
      $1,130,000
      Change: +51% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $930,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.507
    Latitude
    35.849
    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
    $2,677
    $19,760
    $161,120
    $180,880
    -
    $49,400
    $402,800
    $452,200

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      1401 New Era Rd

      WAREHOUSE, STORAGE • 6,500 SF
      1401 New Era Rd, Sevierville, TN 37862-2539
      View Details
    • Value Estimation by Request
      4,752 SF

      2003 Waldens Crk Rd

      WAREHOUSE, STORAGE • 4,752 SF
      2003 Waldens Crk Rd, Sevierville, TN 37862-7611
      View Details
    • Value Estimation by Request
      3,120 SF

      715 Eastgate Rd

      WAREHOUSE, STORAGE • 3,120 SF
      715 Eastgate Rd, Sevierville, TN 37862-3905
      View Details
    • Value Estimation by Request
      5,000 SF

      1270 Jayell Rd

      WAREHOUSE, STORAGE • 5,000 SF
      1270 Jayell Rd, Sevierville, TN 37862-7117
      View Details
    • Value Estimation by Request
      6,000 SF

      1881 Country Mdws Dr

      WAREHOUSE, STORAGE • 6,000 SF
      1881 Country Mdws Dr, Sevierville, TN 37862-9358
      View Details
    • Value Estimation by Request
      2,500 SF

      Airport Rd

      WAREHOUSE, STORAGE • 2,500 SF
      Airport Rd, 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
      6.95 Acres

      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
    • $69,999
      0.05 Acres

      Sevierville Land For Sale

      Land in established rental community near Pigeon Forge.
      76 Smoky Ridge Way, Sevierville, TN 37862
      View Details
    • $190,000
      0.35 Acres

      Sevierville Land Investment Opportunity

      0.35-acre lot near Pigeon Forge Parkway.
      Hawks Nest Way, Sevierville, TN 37862
      View Details
    • $49,900
      2.02 Acres

      Sevierville Land in Shagbark Resort

      2.02 acre lot in Shagbark Resort, Sevierville, TN
      6 7, Sevierville, TN 37862
      View Details
    • $60,000
      0.30 Acres

      Sevierville Land For Sale

      Land within city limits suitable for overnight rental or residence.
      Cabin Creek Way, Sevierville, TN 37862
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Sevierville Medical Office Space

      Medical office space for lease near Mount LeConte Medical Center.
      1014 Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $27 SF/Yr
      154,735 SF

      River Place Shopping Center Space Available

      Sevierville Retail Center: High Traffic, Prime Location
      639 Parkway, Sevierville, TN 37862
      View Details
    • $39 SF/Yr

      Prime Retail Space Available

      High-visibility retail space on a main thoroughfare near attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • New
      $30,600
      10,920 SF

      Sevierville Commercial Space For Rent

      Convenient Sevierville location suitable for medical, professional, or retail use.
      1240 Fox Meadows Blvd, Sevierville, TN 37862
      View Details
    • $19 SF/Yr

      Prime Retail Space on Parkway

      Excellent retail opportunity with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • Contact for pricing

      Prime Location on Dolly Parton

      High-visibility commercial space with convenient access in Sevierville, TN.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      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.
    1506 Mdw Ct
    Sevierville, TN 37862-9359
    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.
    Sign Up Successful!
    You now have access to more from Realmo!