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Property profile & analytics
OFF-MARKET
Estimated value
$6,325,000
Retail space
2850 Pkwy Pkwys19 Pigeon Forge, TN 37863-3347
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0439633
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,215 SF
Lot
7.52 ac (327,571 SF)
Zoning code
C-2
APN
078094 03201
UPID
US80-0439633
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
-
Iglesia Jesus es la Puerta Pigeon Forge Church Mosque
-
Axe House Tavern Pigeon Forge Arcade & Gaming Center Family Recreation Center
-
The Rug Spot (Bike/Boat/Book/etc) Store Carpet & Flooring Store
-
THE VETERANS STORE Clothing Store Gift Shop
-
NCCL No Credit Check Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.99M
CAP Approach
CAP
$7.01M
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$6.33M
Owner & transaction history
Om Pf Development LLC · 4 yrs held
Om Pf Development LLC
since 2021
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
C-2 · 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
$5,545,000
ML approach
$5,985,000
CAP Approach
CAP Return
Estimation
6%
$7,590,000
6.5%
$7,005,000
7%
$6,505,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,400,000
Current use
Blend value · Realmo final
$6.33M
Range $5.69M – $6.96M · ±10% · vs last sale $6.55M (Dec 22 2021)
Last sale anchor
$6.55M
Dec 22 2021
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
$170 / 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
$33,893
Tax year 2021
Assessed value
$2,012,120
Assessed 2023
Previous assessed
$2,012,120
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,443,840
Assessed improvement
$568,280
Land market value
$3,609,600
Improvement market value
$1,420,700
Total market value
$5,030,300
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
1
Bathrooms
17
Total area
37,215 SF
Lot
7.52 ac (327,571 SF)
Zoning code
C-2
APN
078094 03201
UPID
US80-0439633
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Pigeon Forge, TN
Zoning C-2 · permitted uses
C-2 · 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
$8.4M
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
17
Lot
7.52 ac
Current owner
From public records · entity-resolved
Om Pf Development LLC
Entity
Mailing address
6705 SHALLOWFORD RD, CHATTANOOGA, TN 37421-1711
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$6,551,000
Om Pf Development LLC
2850 Parkway General Partnership
Special Warranty Deed
$4,585,700 · Smartbank
Oct 14, 2021
—
City Of Pigeon Forge
2850 Parkway General Partnership
Warranty Deed
—
Nov 15, 2007
—
Parkway General Ptshp 2850
—
Deed Of Trust
related
$5,000,000 · First Street Financial INC
Aug 26, 2004
—
Gmac Coml Mtg Securities INC
Gmac Coml Mtg Securities INC
Quit Claim Deed
related
—
Aug 26, 2004
$6,500,000
Parkway General Ptshp 2850
Gmac Coml Mtg Securities INC
Grant Deed
—
Jan 27, 2003
$4,800,000
Gmac Commercial Mortgage Corp
Ben,m Tr
Trustees Deed
related
—
—
—
2850 Parkway General Ptshp
—
Deed Of Trust
related
$3,700,000 · Y-12 FCU
—
—
2850 Parkway General Ptshp
—
Deed Of Trust
related
$3,700,000 · Y-12 FCU
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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