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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Manufacturing properties
371 Lonesome Vly Rd Sevierville, TN 37862
Entity Owned
4-yr Hold
Property ID
US80-1241664
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2023
Construction
FRAME
Total area
12,860 SF
Lot
4.89 ac (213,008 SF)
Zoning code
R-1
APN
078072 09900
UPID
US80-1241664
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
-
Iron Forge Brewing Co. Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$995k
Owner & transaction history
Massey Properties LLC · 4 yrs held
Massey Properties LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-1 · Sevierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+128.9%
Auto repair, garage
$1.3M
+102.9%
Retail stores
$825,000
+25.8%
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
$990,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$655,000
Current use
MEDICAL BUILDING
$1,500,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,330,000
Change: +103% · Conversion: Easy
RETAIL STORES
$825,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$750,000
Change: +14% · Conversion: Easy
RESTAURANT
$720,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Feb 25 2022)
Last sale anchor
$1.00M
Feb 25 2022
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
$77 / 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
$1,635
Tax year 2021
Assessed value
$630,760
Assessed 2023
Previous assessed
$63,900
+887.1% YoY
Effective rate
0.26%
On assessed value
Assessed land
$102,240
Assessed improvement
$528,520
Land market value
$255,600
Improvement market value
$1,321,300
Total market value
$1,576,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
12,860 SF
Lot
4.89 ac (213,008 SF)
Zoning code
R-1
APN
078072 09900
UPID
US80-1241664
Jurisdiction
SEVIER
Zoning & alternative use
R-1 · Sevierville, TN
Zoning R-1 · permitted uses
R-1 · Sevierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sevierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$655,000
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$750,000
RESTAURANT
Est. value
$720,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
RESTAURANT
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
2023
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
4.89 ac
Current owner
From public records · entity-resolved
Massey Properties LLC
Entity
Mailing address
3204 REGAL DR, ALCOA, TN 37701-3233
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$1,000,000
Massey Properties LLC
Apple View Acres Self Storage LLC
Warranty Deed
$4,500,000 · Home Federal Bank Of Tennessee Fsb
Nov 17, 2021
—
City Of Sevierville
Apple View Acres Self Storage LLC
Quit Claim Deed
related
—
Jan 15, 2019
—
Apple View Acres Self Storage
—
Grant Deed
related
$1,917,572 · Home Fed'l Bk/tn
Feb 12, 2013
—
View Acres Self Storage Apple
Soggy Bottom Boys Ptshp
Quit Claim Deed
related
—
Dec 7, 2010
—
Soggy Bottom Boys Ptshp
—
Deed Of Trust
related
$5,291,024 · Bankeast
Aug 7, 2009
—
Soggy Bottom Boys Ptshp
Apple View Riv Resorts III LLC
Quit Claim Deed
related
—
Jul 3, 2007
—
Apple View Riv Resorts III LLC
Apple View Riv Resorts IV Part
Quit Claim Deed
related
$6,949,024 · Bankeast
Dec 20, 2005
—
Christa E Albers
Albers,johannes H
Quit Claim Deed
related
—
—
—
Apple View Acres Self Storage
—
Deed Of Trust
related
$3,948,000 · Apex Bank
—
—
Jimmie F Trotter
—
Deed Of Trust
related
$50,000 · Citizens National 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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