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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Theaters & concert halls
510 Riv Rd Gatlinburg, TN 37738-3127
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0024521
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1960
Total area
21,982 SF
Lot
8.5 ac (370,260 SF)
Zoning code
C-2
APN
078126K D 02200
UPID
US80-0024521
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
-
Maples Lane Parking Lot Parking Lot & Garage
-
SkyBridge Parking Parking Lot & Garage
-
Christ in the Smokies Museum and Gardens Museum
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$948k
Blend (final)
Blend
$705k
Owner & transaction history
Gatlinburg Skylift LLC · 1 yrs held
Gatlinburg Skylift LLC
since 2024
5 recorded transactions
Zoning & alternative use
C-2 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.0M
+10.4%
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 Gatlinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gatlinburg 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$915,000
Current use
INDUSTRIAL (GENERAL)
$1,010,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$32 / 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
$24,595
Tax year 2021
Assessed value
$1,534,160
Assessed 2023
Previous assessed
$1,534,160
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$878,240
Assessed improvement
$655,920
Land market value
$2,195,600
Improvement market value
$1,639,800
Total market value
$3,835,400
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1960
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
21,982 SF
Lot
8.5 ac (370,260 SF)
Zoning code
C-2
APN
078126K D 02200
UPID
US80-0024521
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Gatlinburg, TNZoning C-2 · permitted uses
C-2 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$915,000
INDUSTRIAL (GENERAL)
Est. value
$1.0M
THEATER (MOVIE) Current
INDUSTRIAL (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
1960
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
8.5 ac
Current owner
From public records · entity-resolved
Gatlinburg Skylift LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 246, GATLINBURG, TN 37738-0246
Ownership since
2024
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
Aug 7, 2024
—
Gatlinburg Skylift LLC
Billy Proffitt
Deed
—
Jun 30, 2022
—
Christus Gardens LLC
Billy Proffitt
Quit Claim Deed
related
—
Apr 18, 2013
—
Billy Proffitt
Page Enterprises LLC
Quit Claim Deed
related
$5,286,450 · Community Trust And Bank
May 20, 2008
$7,000,000
Page Ents INC
Christus Gardens INC
Warranty Deed
—
May 20, 2008
—
Page Ents INC
Page Ents INC
Quit Claim Deed
related
$5,600,000 · Mountain 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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