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Property profile & analytics
OFF-MARKET
Estimated value
$10,930,000
Office Spaces
4020 Pkwy Parkway Pigeon Forge, TN 37863-4008
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0275421
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Total area
1,900 SF
Lot
18.69 ac (814,136 SF)
Zoning code
C-2
APN
078095P B 00100
UPID
US80-0275421
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
$10.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.93M
Owner & transaction history
World Choice Properties LLC · 2 yrs held
World Choice Properties LLC
since 2023
Last sale
$12.9M
5 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$10,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.93M
Range $9.84M – $12.02M · ±10% · vs last sale $12.90M (Jul 27 2022)
Last sale anchor
$12.90M
Jul 27 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
$5,753 / 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
$19,280
Tax year 2021
Assessed value
$1,171,880
Assessed 2023
Previous assessed
$1,171,880
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,085,520
Assessed improvement
$86,360
Land market value
$2,713,800
Improvement market value
$215,900
Total market value
$2,929,700
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
1964
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
0
Total area
1,900 SF
Lot
18.69 ac (814,136 SF)
Zoning code
C-2
APN
078095P B 00100
UPID
US80-0275421
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.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
18.69 ac
Current owner
From public records · entity-resolved
World Choice Properties LLC
Entity
Mailing address
308 LETTERMAN RD, KNOXVILLE, TN 37919-6328
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 24, 2023
$12,900,000
World Choice Properties LLC
Go Outdoors Smoky Mountains LLC
Warranty Deed
$9,834,540 · Southeast Bank
Jul 27, 2022
—
World Choice Properties LLC
World Choice Investments LLC
Quit Claim Deed
related
—
Apr 13, 2004
$3,162,500
Pems
Buda,charles A & Annette H
Grant Deed
$3,500,000 · New Peoples Bank
May 23, 1990
$2,390,500
Charles A Buda
Unknown
Grant Deed
—
—
—
Dixie Stampede LLC
—
Deed Of Trust
related
$6,000,000 · Smartbank
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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