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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
451 Ml Crk Rd Pigeon Forge, TN 37863-3800
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-1855229
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1991
Total area
5,355 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-2
APN
078106 00200
UPID
US80-1855229
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Masters Dev LLC · 9 yrs held
Masters Dev LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Pigeon Forge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose and intent of this district to establish areas that encourage the grouping of compatible commercial uses and tourist related uses, reduce traffic and parking congestion, and improve the aesthetic characteristics of the city, The regulations are designed to protect the general public and provide sufficient spaces for tourist related activiti…
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
604.77 ac
Source
Realmo
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
Assessed value
$81,920
Assessed 2023
Previous assessed
$4,425
+1,751.3% YoY
Assessed land
$48,400
Assessed improvement
$33,520
Land market value
$121,000
Improvement market value
$83,800
Total market value
$204,800
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1991
Heating
YES
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
5,355 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-2
APN
078106 00200
UPID
US80-1855229
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Pigeon Forge, TNZoning 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
Zoning description
It is the purpose and intent of this district to establish areas that encourage the grouping of compatible commercial uses and tourist related uses, reduce traffic and parking congestion, and improve the aesthetic characteristics of the city, The regulations are designed to protect the general public and provide sufficient spaces for tourist related activities
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
604.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
Masters Dev LLC
Entity
Mailing address
449 W ML CRK RD, PIGEON FORGE, TN 37863-3833
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2017
$160,000
Masters Dev LLC
Graham,wayne A
Warranty Deed
—
Apr 1, 2011
$275,000
Masters Dev LLC
Graham,wayne A
Warranty Deed
—
Oct 13, 2004
—
Mountain Reflections LLC
Scott Doris M Trust
Quit Claim Deed
related
—
—
—
Graham,wayne A
—
Deed Of Trust
related
$43,019 · Tennessee St Bk
—
—
Wayne A Graham
—
Deed Of Trust
related
$40,000 · Tennessee State Bank
—
—
Wayne A Graham
—
Deed Of Trust
related
$7,650 · Bryan E Delius
—
—
Wayne A Graham
—
Deed Of Trust
related
$62,000 · Tennessee State 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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