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    2515 Chapman Hwy Sevierville, TN 37876-2363
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    Property profile & analytics

    2515 Chapman Hwy Sevierville, TN 37876-2363

    View on Map
    • Office properties & Spaces
    • 9,137 SF
    • 0.51 lot acres
    Off-Market
    Property ID
    US80-0273504
    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
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Apostolic Church / Church

    Property Details for 2515 Chapman Hwy

    Year built
    1969
    Lot size
    0.51 lot acres
    Property size
    9,137 SF
    Zone code
    C-2
    Property type
    Office properties & Spaces
    APN
    078059 18803
    APU
    7805918803

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,789,000
      Market price range: $1.91M - $3.63M
      AI Estimate
      $1,525,000
      Market price range: $383k - $2.95M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,790,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.6519
    Latitude
    35.8582
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $33,000
    $327,900
    $360,900

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

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    • Value Estimation
      $1,110,000
      4,418 SF

      870 Winfield Dunn Pkwy

      OFFICE (GENERAL) • 4,418 SF
      870 Winfield Dunn Pkwy, Sevierville, TN 37876-5558
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    • Value Estimation by Request
      800 SF

      2040 Winfield Dunn Pkwy

      Office Units • 800 SF
      2040 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • Value Estimation
      $1,235,000
      7,141 SF

      473 Old Douglas Dm Rd

      OFFICE (GENERAL) • 7,141 SF
      473 Old Douglas Dm Rd, Sevierville, TN 37876-1678
      View Details
    • Value Estimation
      $2,275,000
      7,481 SF

      1827 Jack Delozier Dr

      OFFICE (GENERAL) • 7,481 SF
      1827 Jack Delozier Dr, Sevierville, TN 37876-5227
      View Details
    • Value Estimation
      $1,355,000
      7,351 SF

      1424 Old Knoxville Hwy

      OFFICE (GENERAL) • 7,351 SF
      1424 Old Knoxville Hwy, Sevierville, TN 37876-1358
      View Details

    Similar Nearby for Sale

    • $770,000

      Route 66 Office Condominiums

      Three leased office condominium units with highway visibility and access.
      2040 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $600,000
      1,400 SF

      Sevierville Office Condominium Investment

      Three leased office units totaling 1,400 SF in Sevierville.
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    • $100,000
      1.07 Acres

      Sevierville Land with Mountain Views

      Over one acre lot with mountain views near attractions.
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    • $200,000
      1.42 Acres

      Sevierville Land with Mountain Views

      1.42-acre homesite in Hemlocke Mountain Subdivision with dual access.
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    • Contact for pricing
      4,861 SF

      1887 Bluff Mountain Rd, Pigeon Forge, TN 37876

      Bed & breakfasts • 4,861 SF
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    • Contact for pricing
      4,000 SF

      Commercial Warehouse Near Chapman Highway

      4000 SF warehouse suitable for automotive, distribution, or storage.
      1971 Chapman Hwy, Sevierville, TN 37876
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      Pending

      Sevierville Warehouse and Office Space

      Warehouse and office space available for lease in Sevierville, TN.
      2664 Old Newport Hwy, 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
    • $10,000 /Mo

      Highway 66 Accessible Land Parcel

      1.36 acres for lease near Highway 66.
      Allensville Rd, Sevierville, TN 37876
      View Details
    • $60,000

      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
      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
    • Contact for pricing

      Flex Warehouse Space Available

      2,400 SF flex warehouse space with gated entry.
      2635 Newport Hwy, Sevierville, TN 37876
      View Details
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    Sevierville, TN 37876-2363
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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.

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    2515 Chapman Hwy, Sevierville, TN, 37876
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