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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Auto shops
2324 2nd Rivers Blvd Sevierville, TN 37876-0569
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1303973
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
FRAME
Total area
15,700 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
078018P B 04500
UPID
US80-1303973
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
Current use
Occupant on record · Public records
-
Caliber Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.24M
Owner & transaction history
Sevierville Two Rivers LLC · 4 yrs held
Sevierville Two Rivers LLC
since 2021
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
C-3 · Sevierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+289.4%
Commercial (general)
$4.8M
+186.7%
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
$3,975,000
ML approach
$3,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,510,000
Change: +289% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,795,000
Change: +187% · Conversion: Moderate
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $4.49M (Oct 19 2021)
Last sale anchor
$4.49M
Oct 19 2021
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
$270 / 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
$6,289
Tax year 2021
Assessed value
$461,880
Assessed 2023
Previous assessed
$330,040
+39.9% YoY
Effective rate
1.36%
On assessed value
Assessed land
$123,040
Assessed improvement
$338,840
Land market value
$307,600
Improvement market value
$847,100
Total market value
$1,154,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
15,700 SF
Lot
2 ac (87,120 SF)
Zoning code
C-3
APN
078018P B 04500
UPID
US80-1303973
Jurisdiction
SEVIER
Zoning & alternative use
C-3 · Sevierville, TN
Zoning C-3 · permitted uses
C-3 · 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
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
COMMERCIAL (GENERAL)
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
1999
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Sevierville Two Rivers LLC
Entity
Mailing address
PO BOX 22102, KNOXVILLE, TN 37933-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$1,600,000
Sevierville Two Rivers LLC
Wilderness Development Corporation
Warranty Deed
$3,150,000 · Commercial Bank
Jan 4, 2019
$1,405,800
Wilderness Dev Corp
Wilderness Tennessee Venture N
Grant Deed
$94,000,000 · Bank Of Wisconsin Dells
Jul 3, 2014
$1,300,000
Tennessee Venture 6 Wilderness
Yarborough,noel N & Connie A
Warranty Deed
$1,040,000 · Connie A & Noel N Yarborough
—
—
Wilderness Tennessee Vent 1
—
Deed Of Trust
related
$65,000,000 · Bank Of Wisconsin Dells
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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