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Property profile & analytics
OFF-MARKET
Estimated value
$3,195,000
Hotels
1949 Pkwy Parkway Pigeon Forge, TN 37863-4903
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0277386
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
CONCRETE
Total area
64,323 SF
Lot
100 ac (4,356,000 SF)
Zoning code
C-2
APN
078072J D 02000
UPID
US80-0277386
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Js Parkway LLC · 7 yrs held
Js Parkway LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
$24,253
Tax year 2021
Assessed value
$2,004,240
Assessed 2023
Previous assessed
$1,474,160
+36.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$342,000
Assessed improvement
$1,662,240
Land market value
$855,000
Improvement market value
$4,155,600
Total market value
$5,010,600
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
84
Total area
64,323 SF
Lot
100 ac (4,356,000 SF)
Zoning code
C-2
APN
078072J D 02000
UPID
US80-0277386
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.
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
84
Lot
100 ac
Current owner
From public records · entity-resolved
Js Parkway LLC
Entity
Mailing address
1949 PKWY PARKWAY, PIGEON FORGE, TN 37863-4903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Oct 30, 2018
—
Js Parkway LLC
Shiv Ram Pigeon Forge INC
Quit Claim Deed
related
$2,100,000 · Highlands Union Bk
Apr 11, 2014
$1,870,000
Shiv Ram Pigeon Forge INC
Tennessee State Bank
Special Warranty Deed
$1,589,500 · Tennessee State Bank
Feb 19, 2014
$1,870,000
Tennessee St. Bk
Huskey Tyler C
Trustees Deed
—
Feb 19, 2014
$1,787,500
Tennessee St. Bk
Huskey Tyler C
Trustees Deed
related
—
Oct 1, 1993
$625,000
James A Etal Carver
Unknown
Grant Deed
—
—
—
Shiv Ram Pigeon Forge INC
—
Deed Of Trust
related
$570,900 · Us Small Busn Admn
—
—
Melody Ptshp Mountain
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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