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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Retail space
250 Is Dr Pigeon Forge, TN 37863
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0508698
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
11,922 SF
Lot
18.07 ac (787,129 SF)
Zoning code
C-4
APN
078083 08800
UPID
US80-0508698
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
$7.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.41M
Owner & transaction history
Shrjce30 LLC · 2 yrs held
Shrjce30 LLC
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
C-4 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+247.5%
Restaurant
$4.9M
+83.7%
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 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
$6,675,000
ML approach
$7,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,350,000
Change: +247% · Conversion: Easy
RESTAURANT
$4,945,000
Change: +84% · Conversion: Easy
Blend value · Realmo final
$7.41M
Range $6.66M – $8.15M · ±10% · vs last sale $7.50M (Sep 28 2023)
Last sale anchor
$7.50M
Sep 28 2023
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
$621 / 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
$209,293
Tax year 2021
Assessed value
$13,954,480
Assessed 2023
Previous assessed
$13,954,480
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$3,428,440
Assessed improvement
$10,526,040
Land market value
$8,571,100
Improvement market value
$26,315,100
Total market value
$34,886,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
AC.PACKAGE
Buildings
14
Stories
1
Units
1
Bathrooms
195
Total area
11,922 SF
Lot
18.07 ac (787,129 SF)
Zoning code
C-4
APN
078083 08800
UPID
US80-0508698
Jurisdiction
SEVIER
Zoning & alternative use
C-4 · Pigeon Forge, TN
Zoning C-4 · permitted uses
C-4 · 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
COMMERCIAL (GENERAL)
Est. value
$9.4M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
14
Units
1
Bathrooms
195
Lot
18.07 ac
Current owner
From public records · entity-resolved
Shrjce30 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
835 SKI MTN RD, GATLINBURG, TN 37738-3904
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
$7,500,000
Shrjce30 LLC
Buildsequoia 106 LLC
Special Warranty Deed
—
Dec 13, 2019
—
Leconte Village LLC
—
Grant Deed
related
$50,583,051 · Community Tr Bk
Dec 31, 2015
—
Leconte Village Hotel Ptrs LLC
Leconte Village LLC
Quit Claim Deed
related
—
Dec 31, 2015
$1,500,000
Leconte Village Hotel Ptrs LLC
Leconte Village LLC
Quit Claim Deed
related
—
Dec 31, 2015
$729,750
Leconte Village Hotel Ptrs LLC
Island Suites LLC
Quit Claim Deed
related
—
Mar 27, 2015
—
Hey Yall LLC
—
Trustees Deed
related
$800,000 · First Century Bk
Jul 9, 2014
$250,000
Island Suites LLC
Firstbank
Grant Deed
—
Jun 24, 2014
—
Leconte Village LLC
—
Loan Modification
related
$40,000,000 · Community Tr Bk
Dec 9, 2013
—
First Bk
Dickert,james L
Quit Claim Deed
—
Nov 25, 2013
$250,000
Bk First
Tax Recovery Specialists LLC
Warranty Deed
—
Sep 4, 2013
—
Leconte Village LLC
Maples,brenda J
Quit Claim Deed
related
—
Jul 18, 2013
—
Leconte Village LLC
Greene,ted O
Quit Claim Deed
related
—
Feb 12, 2013
—
Leconte Village LLC
Leconte Village LLC
Quit Claim Deed
related
—
Feb 6, 2013
—
Leconte Village LLC
Leconte Village LLC
Quit Claim Deed
related
—
Dec 14, 2012
$2,700,000
Leconte Village LLC
First Bk
Warranty Deed
—
Dec 14, 2012
—
Leconte Village LLC
—
Deed Of Trust
related
$7,324,456 · Community Trust Bank NA
Oct 26, 2012
—
Leconte Village LLC
—
Trustees Deed
related
$4,624,456 · Community Tr Bk
Oct 23, 2012
—
Leconte Village LLC
Martin,elizabeth A
Quit Claim Deed
related
—
Oct 19, 2012
—
Leconte Village LLC
Green,ted O
Quit Claim Deed
related
—
Sep 17, 2012
—
Leconte Village LLC
Leconte Village LLC
Quit Claim Deed
related
—
Sep 13, 2012
—
Leconte Village LLC
Leconte Village LLC
Quit Claim Deed
related
—
Nov 21, 2011
$10,000,000
Leconte Village LLC
Regions Bk
Grant Deed
—
Nov 21, 2011
—
Leconte Village LLC
Regions Bk
Quit Claim Deed
related
—
Nov 2, 2009
$23,900,000
Regions Bk
Bailey Bruce C
Trustees Deed
related
—
Jun 28, 2007
$15,000,000
Biv Retail LLC
East Tennessee Acquisitions II
Grant Deed
$53,000,000 · Regions Bank
Sep 18, 2003
—
Tennessee Acquisitions I East
Tcb Ventures LLC
Grant Deed
$5,400,000 · Northwest Georgia Bank
Sep 30, 1997
$3,625,000
Tcb Ventures
—
Grant Deed
related
—
May 23, 1997
$164,000
Billy P Etal Shadrick
—
Grant Deed
related
—
—
—
Leconte Village LLC
—
Deed Of Trust
related
$7,324,456 · Community Trust Bank NA
—
—
Leconte Village LLC
—
Loan Modification
related
$35,112,371 · Community Trust Bank NA
—
—
Leconte Village LLC
—
Loan Modification
related
$7,324,456 · Community Tr Bk
—
—
Leconte Village LLC
—
Loan Modification
related
$49,000,000 · Community Tr Bk
—
—
Smoky Mtn Observation Wheel In
—
Deed Of Trust
related
$2,500,000 · First Century Bk
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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