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Property profile & analytics
OFF-MARKET
Estimated value
$5,665,000
Hotels
2179 Pkwy Parkway Pigeon Forge, TN 37863-2996
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3119902
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,068 SF
Lot
4.33 ac (188,615 SF)
Zoning code
C-2
APN
078083B C 00900
UPID
US80-3119902
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
$6.57M
CAP Approach
CAP
$4.43M
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$5.67M
Owner & transaction history
Ohm Sai LLC · 5 yrs held
Ohm Sai LLC
since 2020
Last sale
$5.7M
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
Method
Estimation
Statistic approach
$6,495,000
ML approach
$6,565,000
CAP Approach
CAP Return
Estimation
6%
$4,800,000
6.5%
$4,430,000
7%
$4,115,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,845,000
Current use
AUTO REPAIR, GARAGE
$6,185,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.67M
Range $5.10M – $6.23M · ±10% · vs last sale $5.70M (Nov 19 2020)
Last sale anchor
$5.70M
Nov 19 2020
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
$98 / 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
$27,021
Tax year 2021
Assessed value
$1,642,400
Assessed 2023
Previous assessed
$1,642,400
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$599,800
Assessed improvement
$1,042,600
Land market value
$1,499,500
Improvement market value
$2,606,500
Total market value
$4,106,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
132
Total area
58,068 SF
Lot
4.33 ac (188,615 SF)
Zoning code
C-2
APN
078083B C 00900
UPID
US80-3119902
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.2M
HOTEL/MOTEL Current
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
132
Lot
4.33 ac
Current owner
From public records · entity-resolved
Ohm Sai LLC
Entity
Mailing address
2179 PKWY PARKWAY, PIGEON FORGE, TN 37863-2996
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 19, 2020
$5,700,000
Ohm Sai LLC
Leif B Kihlberg
Special Warranty Deed
$4,000,000 · The Citizens Bank
May 23, 2008
$4,455,000
Leif B Kihlberg
Panta Family Trust
Warranty Deed
$2,227,500 · Smartbank
Apr 30, 2008
—
Panta Family Trust
Panglas Properties
Quit Claim Deed
related
—
Dec 18, 2003
$2,975,000
Panta,tr
Hotel South Forge LLC
Grant Deed
$3,005,000 · Mountain National Bank
Mar 17, 1997
$4,275,000
Hotel South The Forge
—
Grant Deed
related
—
Jul 20, 1989
$904,525
Pigeon Forge Two Assoc Ltd
Unknown
Grant Deed
—
—
—
Leif B Kihlberg
—
Deed Of Trust
related
$1,603,000 · Areawide Development Corp
—
—
Leif B Kihlberg
—
Deed Of Trust
related
$3,200,000 · Smartbank
—
—
Panta,tr
—
Deed Of Trust
related
$100,000 · Mountain National Bank
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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