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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Retail space
305 Historic Nature Trl Gatlinburg, TN 37738-3346
Entity Owned
~
Est. High Equity
Property ID
US80-1182940
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
2,520 SF
Lot
1.04 ac (45,108 SF)
Zoning code
C-1
APN
078126N D 00800
UPID
US80-1182940
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
-
Bear-Land General Store and Parking Department Store Grocery & Convenience Store
-
Bear Stop Mobility Scooter Rentals Car Rental Facility
-
Affordable Pay Less Parking Lot, by Gatlinburg Convention Center Downtown Gatlinburg Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Gatlinburg Airport 108 LLC
Gatlinburg Airport 108 LLC
since 2025
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
C-1 · Gatlinburg, 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 Gatlinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gatlinburg 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
$2,030,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.40M (Apr 13 2021)
Last sale anchor
$2.40M
Apr 13 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
$879 / 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
$7,721
Tax year 2021
Assessed value
$481,640
Assessed 2023
Previous assessed
$481,640
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$458,360
Assessed improvement
$23,280
Land market value
$1,145,900
Improvement market value
$58,200
Total market value
$1,204,100
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
1951
Heating
RADIANT
Cooling
YES
Stories
1
Units
1
Bathrooms
0
Total area
2,520 SF
Lot
1.04 ac (45,108 SF)
Zoning code
C-1
APN
078126N D 00800
UPID
US80-1182940
Jurisdiction
SEVIER
Zoning & alternative use
C-1 · Gatlinburg, TN
Zoning C-1 · permitted uses
C-1 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gatlinburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
RADIANT
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
1.04 ac
Current owner
From public records · entity-resolved
Gatlinburg Airport 108 LLC
Entity
Mailing address
100 E MAIN ST #208, SEVIERVILLE, TN 37862-3561
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
—
Gatlinburg Airport 108 LLC
Gatlinburg Historic 108 LLC Series
Quitclaim Deed
related
—
Apr 13, 2021
$2,400,000
Gatlinburg Historic 108 LLC Series
Michael E May
Warranty Deed
$4,400,000 · Michael May
Jul 11, 2003
—
Gatlinburg City
May,michael E
Grant Deed
related
—
—
—
Michael E May
—
Deed Of Trust
related
$150,000 · Highlands Union Bank
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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