Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Commercial real estate
1964 Blackthorn Trl Sevierville, TN 37876
Trust Owned
2-yr Hold
Property ID
US80-2130489
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2012
Total area
5,788 SF
Lot
0.64 ac (27,878 SF)
Zoning code
R-1
APN
078096A B 02100
UPID
US80-2130489
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
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$1.95M
Owner & transaction history
Blackthorn Trust Dated March 5 2024 · 2 yrs held
Blackthorn Trust Dated March 5 2024
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R-1 · Sevierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+35.8%
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
$1,865,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,765,000
Current use
RESTAURANT
$2,400,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.78M – $1.82M · vs last sale $2.04M (Jan 7 2026)
Last sale anchor
$2.04M
Jan 7 2026
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
$337 / 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
$5,165
Tax year 2021
Assessed value
$558,400
Assessed 2023
Previous assessed
$558,400
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$28,000
Assessed improvement
$530,400
Land market value
$70,000
Improvement market value
$1,326,000
Total market value
$1,396,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
2
Bathrooms
5
Total area
5,788 SF
Lot
0.64 ac (27,878 SF)
Zoning code
R-1
APN
078096A B 02100
UPID
US80-2130489
Jurisdiction
SEVIER
Zoning & alternative use
R-1 · Sevierville, TN
Zoning R-1 · permitted uses
R-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2012
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.64 ac
Current owner
From public records · entity-resolved
Blackthorn Trust Dated March 5 2024
Trust
Mailing address
3225 MCLEOD DR #777, LAS VEGAS, NV 89121-2257
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Blackthorn Trust Dated March 5 2024
Mojgan Skelton
Quit Claim Deed
related
—
Dec 8, 2023
$1,866,803
Mojgan Skelton
Wild Briar Properties
Warranty Deed
$1,493,442 · United Wholesale Mortgage
Mar 15, 2019
—
Wild Briar Properties
Robert L Vogel JR
Quit Claim Deed
related
$2,400,000 · Mountain Commerce Bank
Jul 31, 2013
—
Robert L Vogel JR.
Vogel,robert
Quit Claim Deed
related
$400,000 · Iberiabank Mortgage
Aug 13, 2012
—
Robert Vogel
Turtle Properties LLC
Quit Claim Deed
related
—
Apr 27, 2012
$19,000
Turtle Properties LLC
Capital Bk
Grant Deed
—
Jul 28, 2009
$780,000
Greenbank
Kizer W Morris
Trustees Deed
—
May 21, 2009
—
James R Rogers
Rogers,james R
Quit Claim Deed
related
—
—
—
Robert L Vogel JR.
—
Deed Of Trust
related
$400,000 · Iberiabank Mortgage
—
—
Wild Briar Dev LLC
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1964 Blackthorn Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
