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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Warehouses
2063 Newport Hwy Sevierville, TN 37876-2051
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0842986
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
FRAME
Total area
13,600 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
078051 01601
UPID
US80-0842986
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
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.69M
Owner & transaction history
Sevierville Storage LLC · 4 yrs held
Sevierville Storage LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-2 · Sevierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+111.1%
Auto repair, garage
$1.5M
+56.5%
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 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
$1,775,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,955,000
Change: +111% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,450,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.60M (Mar 3 2022)
Last sale anchor
$1.60M
Mar 3 2022
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
$124 / 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
$1,980
Tax year 2021
Assessed value
$259,120
Assessed 2023
Previous assessed
$133,800
+93.7% YoY
Effective rate
0.76%
On assessed value
Assessed land
$26,840
Assessed improvement
$232,280
Land market value
$67,100
Improvement market value
$580,700
Total market value
$647,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
13,600 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
078051 01601
UPID
US80-0842986
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Sevierville, TN
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
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
2004
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
Sevierville Storage LLC
Entity
Mailing address
360 COLUMBIA DR STE #102, WEST PALM BEACH, FL 33409-1976
Ownership since
2022
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
Mar 3, 2022
$1,600,000
Sevierville Storage LLC
Dale Edward Grant
Warranty Deed
$1,200,000 · Citizens National Bank
Nov 19, 2007
—
Michael G Gibson
Cornerstone Furniture Inds INC
Quit Claim Deed
related
$333,000 · Smartbank
Sep 30, 2004
—
Teddy Jones
—
Trustees Deed
related
$575,000 · Tennessee State Bank
Apr 27, 2004
—
Teddy Jones
Jones,teddy & Kristy
Quit Claim Deed
related
$250,000 · Tennessee State Bank
Jan 12, 2004
—
Teddy Jones
Jones,teddy & Kristy
Quit Claim Deed
related
—
Oct 8, 2003
$75,000
Teddy Jones
Lafollette,floyd E & Caroldene
Grant Deed
$78,000 · Floyd E & Caroldene Lafollette
—
—
Dale E Grant
—
Deed Of Trust
related
$36,000 · April L Grant
—
—
Michael G Gibson
—
Loan Modification
related
—
—
—
Michael G Gibson
—
Deed Of Trust
related
$284,627 · Smartbank
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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