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Property profile & analytics
OFF-MARKET
Office Spaces
320 Wears Vly Rd Pigeon Forge, TN 37863-4265
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-0736917
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Total area
3,012 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
078083I C 00201
UPID
US80-0736917
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
-
B.A.C. Weddings and Events Wedding Service Event Planning
-
Mountain Mist Wedding Chapel Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thadd Collins JR · 3 yrs held
Thadd Collins JR
since 2022
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,286
Tax year 2021
Assessed value
$138,920
Assessed 2023
Previous assessed
$138,920
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$78,600
Assessed improvement
$60,320
Land market value
$196,500
Improvement market value
$150,800
Total market value
$347,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
3,012 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
078083I C 00201
UPID
US80-0736917
Jurisdiction
SEVIER
Zoning & alternative use
C-1 · Pigeon Forge, TN
Zoning C-1 · permitted uses
C-1 · 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
1995
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Thadd Collins JR
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 577, KINGSTON SPRINGS, TN 37082-0577
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
$400,000
Thadd Collins JR
James Hedrick
Warranty Deed
—
May 31, 2017
$209,000
Jim Hedrick
Costner,catherine B
Warranty Deed
—
Dec 22, 2008
—
Cbc Group
Palumbo Catherine B Trust
Quit Claim Deed
related
—
Apr 7, 2006
$388,500
Palumbo Catherine B Trust
Investment Investors INC
Warranty Deed
$288,500 · Branch Banking & Trust Co
Jan 17, 1995
$55,000
Investment Investors INC
Unknown,
Grant Deed
$150,000 · Tennessee State Bank
May 15, 1991
$55,000
Investment Investors INC
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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