Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 Blowing Cave Rd Sevierville, TN 37876-1273

    • Retail space
    • 1,390 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    6.2%
    Retail space
    Location Intelligence
    Property ID
    US80-0981990
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 602 Blowing Cave Rd

    Year built
    1960
    Lot size
    0.48 lot acres
    Property size
    1,390 SF
    Zone code
    A-1
    Property type
    Retail space
    APN
    078043 01506
    APU
    7804301506

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $260,000
      7%
      $245,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $200,000
      Current use
      COMMERCIAL (GENERAL)
      $425,000
      Change: +113% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.3402
    Latitude
    35.8991
    CBSA code
    42940
    CBSA name
    SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $112
    $3,025
    $4,550
    $7,575
    -
    $12,100
    $18,200
    $30,300

    Comparable in this City

    • Value Estimation
      $205,000
      672 SF

      Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 672 SF
      Newport Hwy, Sevierville, TN 37876
      View Details
    • Value Estimation
      $260,000
      4,500 SF

      3950 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      3950 Newport Hwy, Sevierville, TN 37876-1202
      View Details
    • Value Estimation
      $270,000
      5,084 SF

      2574 Boyds Crk Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,084 SF
      2574 Boyds Crk Hwy, Sevierville, TN 37876-0237
      View Details
    • Value Estimation by Request
      1,000 SF

      3698 Wilhite Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      3698 Wilhite Rd, Sevierville, TN 37876-7104
      View Details
    • Value Estimation
      $250,000
      1,104 SF

      4354 Jones Cv Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,104 SF
      4354 Jones Cv Rd, Sevierville, TN 37876-6847
      View Details
    • Value Estimation
      $220,000
      1,556 SF

      2338 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,556 SF
      2338 Newport Hwy, Sevierville, TN 37876-2056
      View Details

    Similar Nearby for Sale

    • $389,000
      1.48 Acres

      Commercial Land on Highway 66

      1.48-acre commercial property in high-growth area with development potential.
      Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • New
      $1,549,900
      5,250 SF

      Sevierville Commercial Property with Warehouse

      3.7-acre commercial property with warehouse and high-visibility location.
      2253 Boyds Creek Hwy, Sevierville, TN 37876
      View Details
    • $995,000
      5,300 SF

      Two Buildings on Newport Highway

      Two commercial buildings in Sevierville with high traffic volume.
      2491 Newport Hwy, Sevierville, TN 37876
      View Details
    • $849,000
      2.18 Acres

      Sevierville Mountain View Land

      2.18 Acres, Panoramic Views, Gated Community
      0 Crown Cir, Fairgarden, TN 37876
      View Details
    • $2,200,000

      Prime Land in Tourism Area

      Land with hotel plans near Pigeon Forge and Gatlinburg.
      137 N River Blvd, Sevierville, TN 37876
      View Details
    • $42,900
      Pending

      Residential Land in Sevierville, TN

      0.68 acre residential land in a cul-de-sac.
      Chances Ridge Dr, Sevierville, TN 37876
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo

      Retail Pad Near National Park

      Retail pad available on Winfield Dunn Parkway near Target.
      812 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $14 SF/Yr
      89,352 SF

      Sevierville Retail Space For Rent

      Large retail space near Winfield Dunn Parkway, Sevierville.
      2270 Two Rivers Blvd, Sevierville, TN 37876
      View Details
    • $8,400 /Mo
      8,400 SF

      Retail Warehouse on High-Traffic Parkway

      8,400 SF retail warehouse with high visibility and flexible zoning.
      1809 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $50,000

      Highway 66 Accessible Land Parcel

      1.36 acres for lease near Highway 66.
      Allensville Rd, Sevierville, TN 37876
      View Details
    • $60,000

      Winfield Dunn Parkway Commercial Land

      Commercial land for ground lease on Winfield Dunn Parkway.
      646 Winfield Dunn Pkwy, Sevierville, TN 37876
      View Details
    • $6 SF/Yr
      37,875 SF

      Pigeon Forge Industrial Building

      Industrial building for lease with warehousing and manufacturing space.
      144 River Bend Dr, Sevierville, TN 37876
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 Blowing Cave Rd
    Sevierville, TN 37876-1273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.