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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Retail space
2655 Teaster Ln Pigeon Forge, TN 37863-3457
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-3436571
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
FRAME
Total area
93,282 SF
Lot
34.08 ac (1,484,525 SF)
Zoning code
C-4
APN
078083 09100
UPID
US80-3436571
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
-
Pepper Palace Grocery & Convenience Store
-
Cream and Sugar Sweet Shoppe Grocery & Convenience Store Specialty Food Shop
-
Toy Town (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
BAAK Boutique Clothing Store
-
Icream&sugar Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.96M
Blend (final)
Blend
$7.32M
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
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
$8,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±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
$78 / 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
$74,180
Tax year 2021
Assessed value
$4,508,880
Assessed 2023
Previous assessed
$4,508,880
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,406,360
Assessed improvement
$3,102,520
Land market value
$3,515,900
Improvement market value
$7,756,300
Total market value
$11,272,200
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
1989
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
10
Total area
93,282 SF
Lot
34.08 ac (1,484,525 SF)
Zoning code
C-4
APN
078083 09100
UPID
US80-3436571
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.
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
10
Lot
34.08 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
11 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 29, 2020
—
University Of Tennessee Medical C
Carolyn F Smelcer
Quit Claim Deed
related
—
Sep 29, 2020
$20,000
Laverne F Mccarter
University Health System INC
Quit Claim Deed
related
—
Sep 29, 2020
$50,000
Laverne F Mccarter
Dorothy C Fain
Quit Claim Deed
related
—
May 18, 2020
—
Sue M Duncan
John M Smelcer
Quit Claim Deed
related
—
May 18, 2020
$150,000
Janice K F Ailey
Sue M Duncan
Quit Claim Deed
related
—
Apr 12, 2019
—
Cynthia D Mccarter
Mccarter,frederick N
Quit Claim Deed
related
—
Aug 24, 2011
$4,100,000
Cb Pigeon Forge Outlet LLC
Inman,nelwyn
Trustees Deed
—
Aug 31, 2007
$290,000
Frederick N Mccarter
Fain,chadwick A
Warranty Deed
—
Dec 14, 2004
$300,000
Frederick N Mccarter
Fain,ronald B & Anna
Warranty Deed
—
Oct 26, 2001
$266,668
Laverne Mccarter
Smelcer,carolyn F & John M
Grant Deed
—
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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