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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Mobile home & RV parks
3121 Wears Vly Rd Sevierville, TN 37862-8311
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0271315
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
2020
Total area
406 SF
Lot
7.11 ac (309,712 SF)
Zoning code
A-1
APN
078124 01003
UPID
US80-0271315
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
-
Re/Max Cove Mountain Realty & Cabin Rentals Vacation Rental Real Estate Agency
-
Re/Max Cove Mountain Vacation Rental
-
Timbercreek Realty & Cabin Rentals Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Michael F Miller · 5 yrs held
Michael F Miller
since 2020
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
A-1 · Sevierville, 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 Sevierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sevierville 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
$565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $495k (Dec 7 2020)
Last sale anchor
$495k
Dec 7 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
$1,281 / 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
$3,907
Tax year 2021
Assessed value
$340,040
Assessed 2023
Previous assessed
$340,040
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$135,280
Assessed improvement
$204,760
Land market value
$338,200
Improvement market value
$511,900
Total market value
$850,100
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
15
Total area
406 SF
Lot
7.11 ac (309,712 SF)
Zoning code
A-1
APN
078124 01003
UPID
US80-0271315
Jurisdiction
SEVIER
Zoning & alternative use
A-1 · Sevierville, TNZoning A-1 · permitted uses
A-1 · Sevierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Buildings
15
Lot
7.11 ac
Current owner
From public records · entity-resolved
Michael F Miller
Individual
Mailing address
3121 WEARS VLY RD, SEVIERVILLE, TN 37862-8311
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Michael F Miller
Michael F Miller
Quit Claim Deed
related
—
Apr 16, 2018
$495,000
Michael Miller
Peoples Bank Of East Tennessee
Special Warranty Deed
—
Mar 28, 2018
$375,100
Peoples Bk & E Tn
Realty Timbercreek
Deed In Lieu Of Foreclosure
related
—
Mar 28, 2018
$120,000
Peoples Bk & E Tn
Timbercreek Realty & Cabin R
Deed In Lieu Of Foreclosure
related
—
Nov 6, 2017
—
Timbercreek Realty & Cabin Ren
—
Deed
related
$422,236 · Peoples Bk/e Tn
Apr 25, 2017
—
Danny A Mcfalls
—
Deed
related
$595,000 · Greenwich Invtr Tr 2015-1 (ct)
Oct 27, 2016
—
Danny A Mcfalls
—
Deed
related
$169,000 · Peoples Bk/e Tn
Mar 27, 2014
—
Danny A Mcfalls
Watson,james A
Quit Claim Deed
related
—
Sep 9, 2013
—
Danny A Mcfalls
Watson,james A
Quit Claim Deed
related
—
Jul 7, 2009
—
Timbercreek Realty LLC
—
Trustees Deed
related
$430,000 · Peoples Bank E Tn
—
—
Danny A Mcfalls
—
Deed Of Trust
related
$169,000 · Peoples Bk/e Tn
—
—
Danny A Mcfalls
—
Deed Of Trust
related
$25,000 · Citizens National Bank
—
—
Danny A Mcfalls
—
Loan Modification
related
$595,000 · Greenwich Invtr Tr 2015-1 (ct)
—
—
Timbercreek Realty & Cabin Ren
—
Loan Modification
related
$422,236 · Peoples Bk/e Tn
—
—
James F Irby
—
Deed Of Trust
related
$88,301 · Rocky Top Homes INC
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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