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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Drive through restaurants
4074 Pkwy Parkway Pigeon Forge, TN 37863-4008
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0273298
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2015
Total area
4,138 SF
Lot
151 ac (6,577,560 SF)
Zoning code
C-2
APN
078095P B 00200
UPID
US80-0273298
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
$2.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.63M
Owner & transaction history
Dn Pigeon Forge Tn Landlord LLC · 3 yrs held
Dn Pigeon Forge Tn Landlord LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+89.2%
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
$2,110,000
ML approach
$2,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,715,000
Current use
COMMERCIAL (GENERAL)
$3,245,000
Change: +89% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $2.75M (Sep 29 2022)
Last sale anchor
$2.75M
Sep 29 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
$636 / 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
$10,901
Tax year 2021
Assessed value
$662,560
Assessed 2023
Previous assessed
$662,560
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$365,400
Assessed improvement
$297,160
Land market value
$913,500
Improvement market value
$742,900
Total market value
$1,656,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2015
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
4,138 SF
Lot
151 ac (6,577,560 SF)
Zoning code
C-2
APN
078095P B 00200
UPID
US80-0273298
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
RESTAURANT Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2015
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
151 ac
Current owner
From public records · entity-resolved
Dn Pigeon Forge Tn Landlord LLC
Entity
Mailing address
370 KNOLLWOOD ST, WINSTON SALEM, NC 27103-1835
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$2,752,293
Dn Pigeon Forge Tn Landlord LLC
Krispy Kreme Doughnut Corporation
Special Warranty Deed
—
Aug 3, 2022
$2,200,000
Krispy Kreme Doughnut Corporation
Messick Doughunts INC
Trustees Deed
related
—
Dec 18, 2017
—
Umm Real Estate General Ptshp
Malka,michael
Quit Claim Deed
related
—
May 4, 2016
$600,000
Michael Malka
Messick Doughnuts INC
Warranty Deed
$480,000 · Tennessee State Bank
May 31, 2013
$1,400,000
Messick Doughnuts INC
Mccroskey,michael A & Mary E
Warranty Deed
$1,300,000 · Tennessee State Bank
Sep 29, 2006
—
Michael A Mccroskey
Mccroskey,michael A & Mary E
Quit Claim Deed
related
—
May 26, 2005
—
Michael A Mccroskey
Guanci Barbara C Trust
Quit Claim Deed
related
—
—
—
Messick Doughnuts INC
—
Deed Of Trust
related
$400,387 · Tennessee St Bk
—
—
Michael Mccroskey
—
Deed Of Trust
related
$100,000 · Jack SR Miller
—
—
Michael A Mccroskey
—
Deed Of Trust
related
$1,500,000 · Tennessee State Bank
—
—
Michael A Mccroskey
—
Deed Of Trust
related
$250,000 · Tennessee State Bank
—
—
Michael A Mccroskey
—
Deed Of Trust
related
$250,000 · Joseph L Barnes
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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