Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Retail space
2708 Teaster Ln Pigeon Forge, TN 37863-3276
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1584113
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,230 SF
Lot
2.74 ac (119,354 SF)
Zoning code
C-4
APN
078083 08900
UPID
US80-1584113
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
-
Workshop Tools (Bike/Boat/Book/etc) Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.18M
CAP Approach
CAP
$5.69M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$6.91M
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
$7,175,000
CAP Approach
CAP Return
Estimation
6%
$6,165,000
6.5%
$5,690,000
7%
$5,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,825,000
Current use
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±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
$229 / 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
$20,775
Tax year 2021
Assessed value
$1,262,760
Assessed 2023
Previous assessed
$1,262,760
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$671,720
Assessed improvement
$591,040
Land market value
$1,679,300
Improvement market value
$1,477,600
Total market value
$3,156,900
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
11
Total area
30,230 SF
Lot
2.74 ac (119,354 SF)
Zoning code
C-4
APN
078083 08900
UPID
US80-1584113
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
RETAIL STORES Current
Est. value
$6.8M
RETAIL STORES Current
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
11
Lot
2.74 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
12 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
—
Mar 9, 2021
—
Leconte Riverview LLC
Leconte Village LLC
Quit Claim Deed
related
—
Dec 13, 2019
$6,700,000
Leconte Village LLC
Outlet Center G P
Special Warranty Deed
$50,583,051 · Community Trust Bank INC
Sep 13, 2018
—
Outlet Center Gp
—
Deed
related
$4,950,000 · First Tn Bk
Dec 18, 2003
$840,000
James L Dickert
Seals,roy L
Grant Deed
$5,400,000 · Northwest Georgia Bank
Dec 15, 2003
—
Outlet Center Gp
Seals,roy L
Quit Claim Deed
related
—
Dec 15, 2003
$44,000
Roy L Seals
Brann,ray O
Grant Deed
—
Mar 5, 1993
$1,275,000
Outlet Center Limited
Unknown
Grant Deed
—
Apr 2, 1992
$1,275,000
Riverview Partnership Ltd
Unknown,
Grant Deed
—
Aug 22, 1990
$850,000
Jln Development
Unknown,
Grant Deed
—
—
—
Outlet Center Gp
—
Loan Modification
related
$5,000,000 · Community Trust Bank NA
—
—
Outlet Center Gp
—
Deed Of Trust
related
$4,950,000 · 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2708 Teaster Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
