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Property profile & analytics
OFF-MARKET
Estimated value
$7,765,000
Motels
3206 Pkwy Parkway Pigeon Forge, TN 37863-3420
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0999898
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
CONCRETE
Total area
57,076 SF
Lot
139 ac (6,054,840 SF)
Zoning code
C-2
APN
078094C D 01600
UPID
US80-0999898
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.77M
Owner & transaction history
Haas Hotel Group LLC · 2 yrs held
Haas Hotel Group LLC
since 2023
Last sale
$7.7M
5 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.9M
+91.5%
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
$7,575,000
ML approach
$8,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,730,000
Current use
RETAIL STORES
$12,885,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,075,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$7.77M
Range $6.99M – $8.54M · ±10% · vs last sale $7.65M (Oct 19 2023)
Last sale anchor
$7.65M
Oct 19 2023
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
$136 / 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
$20,935
Tax year 2021
Assessed value
$1,272,480
Assessed 2023
Previous assessed
$1,272,480
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$490,280
Assessed improvement
$782,200
Land market value
$1,225,700
Improvement market value
$1,955,500
Total market value
$3,181,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
119
Total area
57,076 SF
Lot
139 ac (6,054,840 SF)
Zoning code
C-2
APN
078094C D 01600
UPID
US80-0999898
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Pigeon Forge, TN
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.7M
RETAIL STORES
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$6.1M
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
119
Lot
139 ac
Current owner
From public records · entity-resolved
Haas Hotel Group LLC
Entity
Mailing address
3206 PKWY PARKWAY, PIGEON FORGE, TN 37863-3420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 19, 2023
$7,650,000
Haas Hotel Group LLC
Oms Pfg LLC
Special Warranty Deed
$5,000,000 · Millennium Bank
Mar 28, 2014
$3,700,000
Oms Pfg LLC
Laxmi Hotels Of Grand INC
Special Warranty Deed
$2,960,000 · Sevier County Bank
Apr 16, 2013
$3,007,600
Laxmi Hotels Of Grand INC
Di-tn No 2 LLC
Grant Deed
—
Nov 26, 2012
$1,950,000
Di-tn No 2 LLC
Tarpy Lynn
Trustees Deed
—
Jul 26, 1977
—
—
—
Grant Deed
related
—
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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