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    2211 Ridgeland Cir Sevierville, TN 37862
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    Property profile & analytics

    2211 Ridgeland Cir Sevierville, TN 37862

    View on Map
    • Commercial real estate
    • 0.52 lot acres
    Off-Market
    Property ID
    US80-3419899
    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 real estate

    Property Details for 2211 Ridgeland Cir

    Lot size
    0.52 lot acres
    Property type
    Commercial real estate

    Description

    This 0.52-acre residential lot in Sevierville, Tennessee (zip code 37862), located at 2211 Ridgeland Cir, is priced at $170,000. Zoned R1, it's situated within the 1300-acre Shagbark Resort, a gated community offering 24-hour security. Existing infrastructure includes electricity, a well, and septic system, simplifying the building process. The resort boasts amenities such as a community swimming pool, tennis courts, pickleball courts, and a playground. Shagbark is a wildlife preserve, offering sightings of various animals including black bears, deer, and turkeys. This location provides easy access to Pigeon Forge and Gatlinburg, along with numerous shopping and dining options. The lot previously held a home, which was unfortunately lost in a fire, presenting a unique opportunity to build anew. Please note that some photos may include drone photography. The property is owned by Sutton.

    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
    -83.6454865
    Latitude
    35.7546868

    Comparable in this City

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      Sevierville Cabin: Investment Potential

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      Two Cabins, One Purchase

      Two income-producing cabins in Wears Valley, fully furnished.
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    • $1,800,000
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      Sevierville Commercial Property For Sale

      Commercial property with road frontage and mountain views in Sevierville.
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      Sevierville Multi-Home Investment Opportunity

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      121 Spring St, Sevierville, TN 37862
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    Similar Nearby for Sale

    • $1,250,000
      Pending

      Sevierville Land with Income Potential

      25.86 acres with homes and cell tower lease.
      235 Maggie Mack Ln, Sevierville, TN 37862
      View Details
    • $999,000
      2,240 SF

      Sevierville Multifamily Investment Opportunity

      Multifamily duplexes in prime Sevierville rental location.
      116 Hazel Dr, Sevierville, TN 37862
      View Details
    • $639,999
      2,156 SF

      Sevierville Cabin: Investment Potential

      Modern log cabin in Timber Cove, near Smoky Mountains.
      4228 Wears Valley Rd, Sevierville, TN 37862
      View Details
    • $750,000
      2,776 SF

      Two Cabins, One Purchase

      Two income-producing cabins in Wears Valley, fully furnished.
      2740 Waldens Creek Rd, Sevierville, TN 37862
      View Details
    • $1,800,000
      5,080 SF

      Sevierville Commercial Property For Sale

      Commercial property with road frontage and mountain views in Sevierville.
      3360 Wears Vly Rd./ Hwy 321, Sevierville, TN 37862
      View Details
    • $599,900
      5.33 Acres

      Sevierville Multi-Home Investment Opportunity

      Multi-home investment package near Smoky Mountains attractions.
      121 Spring St, Sevierville, TN 37862
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land for Lease

      1.19 +/- acres for lease near Tanger Outlet.
      1819 Parkway, Sevierville, TN 37862
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      Veterans Blvd Ground Lease Parcels

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      Prime Location on Dolly Parton

      High-visibility commercial space with convenient access in Sevierville, TN.
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    • $19 SF/Yr

      Retail Opportunity on Dolly Parton

      Prime retail location with high visibility and convenient access.
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    • $39 SF/Yr

      Retail Space on Main Corridor

      Retail space with high visibility near popular attractions.
      1403 Parkway, Sevierville, TN 37862
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    • Contact for pricing
      2,283 SF

      Sevierville Office Space For Rent

      Office space in high-traffic Sevierville location, ready for move-in.
      124 N Henderson Ave, Sevierville, TN 37862
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    Sevierville, TN 37862
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    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
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