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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Motels
2708 Pkwy Parkway Pigeon Forge, TN 37863-5256
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1704951
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,330 SF
Lot
50 ac (2,178,000 SF)
Zoning code
C-1
APN
078083J C 01600
UPID
US80-1704951
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
Shular Tennessee Holding Company Ll · 4 yrs held
Shular Tennessee Holding Company Ll
since 2021
5 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$44 / 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
$19,543
Tax year 2021
Assessed value
$1,187,880
Assessed 2023
Previous assessed
$1,187,880
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$203,840
Assessed improvement
$984,040
Land market value
$509,600
Improvement market value
$2,460,100
Total market value
$2,969,700
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
99
Total area
57,330 SF
Lot
50 ac (2,178,000 SF)
Zoning code
C-1
APN
078083J C 01600
UPID
US80-1704951
Jurisdiction
SEVIER
Zoning & alternative use
C-1 · Pigeon Forge, TN
Zoning C-1 · permitted uses
C-1 · 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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
99
Lot
50 ac
Current owner
From public records · entity-resolved
Shular Tennessee Holding Company Ll
Entity
Mailing address
9475 HWY 49, GULFPORT, MS 39503-4227
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
Shular Tennessee Holding Company Ll
Michael L Shular
Intrafamily Transfer
related
—
Mar 20, 2019
—
2440 Parkway Gp
—
Grant Deed
related
$6,720,000 · Smartbank
Jan 2, 2014
—
Shular,michael L
—
Trustees Deed
related
$4,625,000 · First Tn Bk
Jul 30, 2009
—
Michael L Shular
—
Deed Of Trust
related
$5,500,000 · Citizens National Bank
—
—
Michael L Shular
—
Loan Modification
related
$3,533,417 · First Tn 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.
Try Rey
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