Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2121 Windy Ln Sevierville, TN 37876
    Back to Search
    Property profile & analytics

    2121 Windy Ln, Sevierville, TN 37876

    View on Map
    • Commercial land
    • 2,038 SF
    • 80.00 lot acres
    Off-Market
    Last Sale Nov 22, 2023
    $121,500
    Property ID
    US80-0932249
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2121 Windy Ln

    Year built
    2002
    Lot size
    80.00 lot acres
    Zone code
    R-1
    Property type
    Commercial land
    APN
    078084M I 00100 185
    APU
    078084MI00100185

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2023 $121,500 Brandon Edgerton Britts Investment Properties LLC Warranty Deed —
    Aug 15, 2023 $99,900 Britts Investment Properties LLC Egi Properties LLC Warranty Deed —
    Mar 29, 2022 — Egi Properties LLC Michael A Colegrove Quit Claim Deed · related —
    Apr 15, 2020 — Michael A Colegrove Egi Properties LLC Quit Claim Deed · related —
    Sep 21, 2018 — Egi Properties LLC Colegrove,michael A & Sherry L Quit Claim Deed · related —
    Jul 2, 2018 $275,000 Michael A Colegrove Davis W Bartlett Warranty Deed $175k · Cmg Mortgage INC
    Feb 10, 2015 — Bartlett,homer & Dorothy Trust Bartlett Homer E JR Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5056
    Latitude
    35.7968
    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
    $919
    $10,000
    $0.00
    $10,000
    -
    $25,000
    $0.00
    $25,000

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      Arrowhead Dr

      VACANT COMMERCIAL LAND
      Arrowhead Dr, Sevierville, TN 37876
      View Details
    • Value Estimation by Request
      0.13 Acres

      1436 Boat Launch Rd

      VACANT COMMERCIAL LAND
      1436 Boat Launch Rd, Sevierville, TN 37876-0604
      View Details
    • Value Estimation by Request
      6.38 Acres

      Walnut Grv Rd

      VACANT COMMERCIAL LAND
      Walnut Grv Rd, Sevierville, TN 37876
      View Details
    • Value Estimation by Request
      10.60 Acres

      Winfield Dunn Pkwy

      VACANT COMMERCIAL LAND
      Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • Value Estimation by Request

      4210 Fox Hunters Ln

      VACANT COMMERCIAL LAND
      4210 Fox Hunters Ln, Sevierville, TN 37876-9109
      View Details
    • Value Estimation by Request
      1.00 Acre

      2609 Grassy Br Loop

      VACANT COMMERCIAL LAND
      2609 Grassy Br Loop, Sevierville, TN 37876-9042
      View Details

    Similar Nearby for Sale

    • $1,899,000
      83.00 Acres

      Unrestricted Land in Sevierville, TN

      83-acre unrestricted land with commercial and residential zoning.
      1876 Upper Middle Creek Rd, Sevierville, TN 37876
      View Details
    • $50,000
      0.97 Acres

      Sevierville, TN Land For Sale

      0.97 acre commercial land available in Sevierville, Tennessee.
      2313 High View Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Wedding Venue & Development Opportunity

      12.87 acres with C-2 zoning near Gatlinburg and Pigeon Forge.
      1984 Chestnut Springs Way, Sevierville, TN 37876
      View Details
    • $386,000
      1.48 Acres

      Commercial Land on Highway 66

      1.48 acre commercial property in high-growth area of Sevierville.
      Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $2,900,000
      Pending

      Sevierville Land & Wedding Venue

      12.87-acre property with C-2 zoning and established wedding venue.
      1984 Chestnut Springs Way, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Prime Land in Tourism Area

      Land with hotel plans near Pigeon Forge and Gatlinburg.
      137 N River Blvd, Sevierville, TN 37876
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway 66 Accessible Land Parcel

      1.36 acres for lease near Highway 66.
      Allensville Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Winfield Dunn Parkway Commercial Land

      Commercial land for ground lease on Winfield Dunn Parkway.
      646 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Winnfield Dunn Parkway Ground Lease

      Ground lease opportunity with high visibility and frontage.
      428 Old Douglas Dam Rd, Sevierville, TN 37876
      View Details
    • $8,000 /Mo
      21,780 SF

      Commercial Land on Winfield Dunn

      Prime commercial property with high traffic count available for lease.
      332 Old Douglas Dam Rd, Sevierville, TN 37876
      View Details
    • Contact for pricing

      Industrial Space For Rent

      11,520 SF industrial space available for lease.
      3275 Newport Hwy, Sevierville, TN 37876
      View Details
    • Contact for pricing
      37,875 SF

      Pigeon Forge Industrial Building

      Industrial building for lease with warehousing and manufacturing space.
      144 River Bend Dr, Sevierville, TN 37876
      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.
    2121 Windy Ln
    Sevierville, TN 37876
    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

    Thank You for Inquiry
    2121 Windy Ln, Sevierville, TN, 37876
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!