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    2959 Teaster Ln Pigeon Forge, TN 37863-5305

    • Hotels
    • 107,245 SF
    • 3.35 lot acres
    OFF-MARKET
    Value Estimation
    $2,830,000
    Last Sale
    Feb 05, 2020
    $2,572,860
    Location Intelligence
    Property ID
    US80-2836725
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residence Inn Pigeon Forge / Hotel / Meeting Planning Service
    • Residence Inn by Marriott Pigeon Forge / Hotel

    Property Details for 2959 Teaster Ln

    Year built
    2022
    Construction
    CONCRETE
    Lot size
    3.35 lot acres
    Property size
    107,245 SF
    Zone code
    C-4
    Property type
    Hotels
    APN
    078083 09027
    APU
    7808309027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,730,000
      6.5%
      $2,805,000
      7%
      $2,300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,455,000
      Geo Method
      $2,640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,005,000
      Retail
      $2,750,000
      Mixed-Use
      $2,955,000
      Hospitality
      $2,195,000
      Educational
      $2,685,000
      Residential Income
      $2,745,000
      Energy
      $2,325,000
      Income-Based Land
      $2,435,000
      Food Service
      $2,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5628
    Latitude
    35.8002
    CBSA code
    42940
    CBSA name
    SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $11,240
    $1,093,040
    $5,649,080
    $6,742,120
    -
    $2,732,600
    $14,122,700
    $16,855,300

    Comparable in this City

    • Value Estimation by Request
      32,937 SF

      2162 Parkway

      Hotels • 32,937 SF
      2162 Parkway, Pigeon Forge, TN 37863
      View Details
    • Value Estimation by Request
      55,731 SF

      3712 Pkwy Parkway

      HOTEL • 55,731 SF
      3712 Pkwy Parkway, Pigeon Forge, TN 37863-3814
      View Details
    • Value Estimation by Request
      35,012 SF

      2045 Pkwy Parkway

      HOTEL • 35,012 SF
      2045 Pkwy Parkway, Pigeon Forge, TN 37863-2960
      View Details
    • Value Estimation by Request
      64,323 SF

      1949 Pkwy Parkway

      HOTEL • 64,323 SF
      1949 Pkwy Parkway, Pigeon Forge, TN 37863-4903
      View Details
    • Value Estimation
      $5,505,000
      70,064 SF

      149 Comm Ctr Dry

      HOTEL • 70,064 SF
      149 Comm Ctr Dry, Pigeon Forge, TN 37863
      View Details
    • Value Estimation
      $930,000
      29,997 SF

      336 Henderson Chapel Rd

      HOTEL • 29,997 SF
      336 Henderson Chapel Rd, Pigeon Forge, TN 37863-2941
      View Details

    Similar Nearby for Sale

    • $16,500,000
      73,448 SF

      Pigeon Forge Hotel Investment Opportunity

      165-Room Hotel, High Traffic Location
      2825 Parkway, Pigeon Forge, TN 37863
      View Details
    • $12,000,000
      72,548 SF

      Hotel with Convention Center and Expansion

      122-room hotel with convention center and expansion potential.
      4010 Parkway, Pigeon Forge, TN 37863
      View Details
    • $6,500,000
      32,937 SF

      63-Unit Hotel on Parkway

      63-unit hotel with high traffic location in Pigeon Forge, TN.
      2162 Parkway, Pigeon Forge, TN 37863
      View Details
    • $8,000,000
      32,937 SF

      Pigeon Forge Hotel Investment Opportunity

      63-Unit Hotel, High Traffic Location
      2162 Parkway, Pigeon Forge, TN 37863
      View Details
    • $7,500,000
      16.22 Acres

      Pigeon Forge Hotel Development Opportunity

      16 Acres, Two Cabins, Prime Location
      820 Old Gate Rd, Pigeon Forge, TN 37863
      View Details
    • $16,500,000
      72,548 SF

      Days Inn Pigeon Forge: Investment Opportunity

      122-Room Hotel, Convention Center, Expansion Potential
      4010 Parkway, Pigeon Forge, TN 37863
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      98,342 SF

      Pigeon Forge Retail Center Investment

      Prime Pigeon Forge Shopping Center, 7,000 SF Available
      135 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • $75,000

      Pigeon Forge Acre for Lease

      Acre for lease near Parkway, gateway to Great Smoky Mountains.
      140 Showplace Blvd, Pigeon Forge, TN 37863
      View Details
    • $1,400,000

      Prime Pigeon Forge Acreage Available

      1.39 acres for sale or lease near Parkway.
      249 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • $20 SF/Yr
      5,000 SF

      Pigeon Forge Retail Space Available

      Retail space in high-traffic Pigeon Forge location for lease.
      163-177 E Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • $120,000
      3,561 SF

      Pigeon Forge Parkway Ground Lease

      Prime location near Dollywood with high traffic and tourist exposure.
      3660 Parkway, Pigeon Forge, TN 37863
      View Details
    • $45 SF/Yr
      5,000 SF

      Prime Parkway Retail Space

      High-visibility retail space on the Parkway in Pigeon Forge.
      3676 Parkway, Pigeon Forge, TN 37863
      View Details
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    Pigeon Forge, TN 37863-5305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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