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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Retail space
639 Pkwy Parkway Gatlinburg, TN 37738-3203
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-1580346
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
10,040 SF
Zoning code
C-1
APN
078126K E 00900
UPID
US80-1580346
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
$1.89M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.47M
Owner & transaction history
Moonwink Properties LLC · 13 yrs held
Moonwink Properties LLC
since 2013
4 recorded transactions
Zoning & alternative use
C-1 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+16.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
RETAIL STORES
$920,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$915,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$146 / 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
$18,689
Tax year 2021
Assessed value
$1,165,720
Assessed 2023
Previous assessed
$1,165,720
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$966,960
Assessed improvement
$198,760
Land market value
$2,417,400
Improvement market value
$496,900
Total market value
$2,914,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Bathrooms
7
Total area
10,040 SF
Zoning code
C-1
APN
078126K E 00900
UPID
US80-1580346
Jurisdiction
SEVIER
Zoning & alternative use
C-1 · Gatlinburg, TN
Zoning C-1 · permitted uses
C-1 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gatlinburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1965
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
7
Current owner
From public records · entity-resolved
Moonwink Properties LLC
Entity
Mailing address
221 WHALEY DR, GATLINBURG, TN 37738-5933
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2013
—
Moonwink Properties LLC
Cox & Dunn LP
Quit Claim Deed
related
$450,000 · Smartbank
Oct 5, 2004
—
Cox
Whaley,elizabeth O D
Quit Claim Deed
related
—
Jul 16, 2003
—
Cox LP
Whaley,elizabeth O Est
Quit Claim Deed
related
—
—
—
Moonwink Properties LLC
—
Loan Modification
related
$278,996 · 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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