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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Bowling alleys
2533 Teaster Ln Pigeon Forge, TN 37863-5245
Entity Owned
2-yr Hold
Property ID
US80-2434733
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
2018
Construction
FRAME
Total area
33,000 SF
Lot
2.36 ac (102,802 SF)
Zoning code
C-4
APN
078083 09300
UPID
US80-2434733
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
-
Pigeon Forge Snow Tour Operator Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
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
Zoning description
It is the purpose and intent of this district to establish areas for major planned unit developments of commercial and or residential uses, thereby achieving flexibility in design through the clustering of activities in areas specifically designed to accommodate the uses and to discourage traffic congestion and secure adequate light, air, and aesthetic quali…
Zone name
Planned Unit Commercial
General category
PLANNED_DEVELOPMENT
Zone area
1,427.60 ac
Source
Realmo
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
$7,425,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±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
$227 / 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
$29,316
Tax year 2021
Assessed value
$1,781,920
Assessed 2023
Previous assessed
$1,781,920
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$603,240
Assessed improvement
$1,178,680
Land market value
$1,508,100
Improvement market value
$2,946,700
Total market value
$4,454,800
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
6
Total area
33,000 SF
Lot
2.36 ac (102,802 SF)
Zoning code
C-4
APN
078083 09300
UPID
US80-2434733
Jurisdiction
SEVIER
Zoning & alternative use
C-4 · Pigeon Forge, TNZoning 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
Zoning description
It is the purpose and intent of this district to establish areas for major planned unit developments of commercial and or residential uses, thereby achieving flexibility in design through the clustering of activities in areas specifically designed to accommodate the uses and to discourage traffic congestion and secure adequate light, air, and aesthetic qualities for local citizens and visitors
Zone name
Planned Unit Commercial
General category
PLANNED_DEVELOPMENT
Zone area
1,427.60 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
2.36 ac
Current owner
From public records · entity-resolved
Shrjce30 LLC
Entity
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
8 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
—
Sep 6, 2022
—
Snowday LLC
—
Deed
related
$1,180,000 · Tennessee State Bank
May 10, 2017
—
Snowday LLC
—
Trustees Deed
related
$4,659,500 · Tennessee St Bk
Feb 17, 2017
$1,200,000
Snowday LLC
Smelcer,carolyn F
Warranty Deed
—
Mar 1, 2010
$575,000
Robert D Poole
Koopman,peter L & Beatriz E
Warranty Deed
—
Dec 30, 2009
$456,500
Peter L Koopman
Smelcer,john & Carolyn
Warranty Deed
$342,375 · Clayton Bank & Trust
Dec 29, 2009
$302,500
F Nicky Mccarter
Smelcer,john & Carolyn
Warranty Deed
—
Dec 29, 2009
$357,500
Johnny M Smelcer
Smelcer,john & Carolyn
Warranty Deed
related
—
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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