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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Hotels
2959 Teaster Ln Pigeon Forge, TN 37863-5305
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US80-2836725
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2022
Construction
CONCRETE
Total area
107,245 SF
Lot
3.35 ac (145,926 SF)
Zoning code
C-4
APN
078083 09027
UPID
US80-2836725
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
-
Residence Inn Pigeon Forge Hotel & Motel
-
Residence Inn by Marriott Pigeon Forge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.94M
Owner & transaction history
Pigeon Falls LLC · 6 yrs held
Pigeon Falls LLC
since 2020
Last sale
$2.6M
5 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
$2,930,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.57M (Feb 5 2020)
Last sale anchor
$2.57M
Feb 5 2020
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
$27 / 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
$11,240
Tax year 2021
Assessed value
$6,742,120
Assessed 2023
Previous assessed
$683,150
+886.9% YoY
Effective rate
0.17%
On assessed value
Assessed land
$1,093,040
Assessed improvement
$5,649,080
Land market value
$2,732,600
Improvement market value
$14,122,700
Total market value
$16,855,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
152
Total area
107,245 SF
Lot
3.35 ac (145,926 SF)
Zoning code
C-4
APN
078083 09027
UPID
US80-2836725
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
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
152
Lot
3.35 ac
Current owner
From public records · entity-resolved
Pigeon Falls LLC
Entity
Mailing address
409 MONTBROOK LN, KNOXVILLE, TN 37919-2704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 9, 2020
—
Pf Hotel Partners LLC
—
Deed
related
$18,979,980 · Tennessee State Bank
Apr 28, 2020
$14,226,682
Pigeon Falls LLC
Mountain Mile LLC
Grant Deed
—
Feb 5, 2020
$2,572,860
Pf Hotel Partners LLC
Mountain Mile LLC
Warranty Deed
—
Nov 1, 2018
—
City Of Pigeon Forge
Mountain Mile LLC
Warranty Deed
related
—
Apr 4, 2016
$30,000,000
Mountain Mile LLC
Pigeon Falls LLC
Grant Deed
$30,000,000 · Private Individual
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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