Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    641 Wears Vly Rd Pigeon Forge, TN 37863-7754
    Back to Search
    Property profile & analytics

    641 Wears Vly Rd, Pigeon Forge, TN 37863-7754

    View on Map
    • Retail space
    • 8,000 SF
    • 0.93 lot acres
    Off-Market
    Last Sale Mar 30, 2022
    $647,330
    Property ID
    US80-1701767
    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.
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 641 Wears Vly Rd

    Year built
    2012
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Zone code
    C-2
    Property type
    Retail space
    APN
    078094 00300
    APU
    7809400300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2022 $647,330 Tyrrone E Cohen Ftpf LLC Warranty Deed $583k · Movement Mortgage
    Apr 29, 2019 — Bullet Capital LLC Cabo Property Management Partnershi Quit Claim Deed · related $265k · Cogent Bank
    Oct 16, 2012 $1,200,000 J Edgar J Edgar Campbell Special Warranty Deed $750k · Ornl FCU
    Dec 29, 2011 $290,000 J Edgar Campbell III Smith Sue M Grant Deed —
    Dec 29, 2011 — J Edgar Campbell III Smith Sue M Quit Claim Deed · related $863k · Pinnacle National Bank
    Nov 23, 2009 — Sue E Smith Mountain Echo Ents LLC Quit Claim Deed · related —
    Apr 1, 1997 — Mountain Echo Enterprises — Deed Of Trust · related —
    Aug 7, 1995 $86,900 Diana L Etvir Louallen Smith,micheal E Grant Deed $89k · Countrywide Home Loans INC
    — — Cabo Property Management Ptshp — Deed Of Trust · related $1.1M · Capitalmark Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $575,000
      ML approach
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5905
    Latitude
    35.7962
    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
    $4,171
    $33,360
    $220,160
    $253,520
    -
    $83,400
    $550,400
    $633,800

    Comparable in this City

    • Value Estimation by Request
      3,712 SF

      2829 Veterans Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2829 Veterans Blvd, Pigeon Forge, TN 37863-3179
      View Details
    • Value Estimation by Request
      994 SF

      906 Wears Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      906 Wears Vly Rd, Pigeon Forge, TN 37863-7704
      View Details
    • Value Estimation by Request
      4,308 SF

      918 Wears Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      918 Wears Vly Rd, Pigeon Forge, TN 37863-7704
      View Details
    • Value Estimation by Request
      3,024 SF

      Pkwy Parkway

      RETAIL STORES (PERSONAL SERVICES)
      Pkwy Parkway, Pigeon Forge, TN 37863
      View Details
    • Value Estimation by Request
      4,080 SF

      521 Dollywood Ln

      RETAIL STORES (PERSONAL SERVICES)
      521 Dollywood Ln, Pigeon Forge, TN 37863-4106
      View Details
    • Value Estimation by Request
      2,016 SF

      2713 Pkwy Parkway

      RETAIL STORES (PERSONAL SERVICES)
      2713 Pkwy Parkway, Sevierville, TN 37863-3211
      View Details

    Similar Nearby for Sale

    • $1,499,900
      0.68 Acres

      Pigeon Forge Commercial Land Opportunity

      Prime commercial land in Pigeon Forge, C-2 zoning, high demand.
      223 Sharon Dr, Pigeon Forge, TN 37863
      View Details
    • New
      $550,000
      Pending

      Commercial Development Land with Highway Access

      A commercially zoned lot with substantial highway frontage and ready access in a high-traffic tourist market.
      1170 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing

      Pigeon Forge Retail Opportunity

      Retail property in high-traffic Pigeon Forge tourist area.
      135 E Wears Vly Shops Of Pigeon Frg, Pigeon Forge, TN 37863
      View Details
    • $1,700,000
      4,394 SF

      Pigeon Forge Redevelopment Opportunity

      Commercial and residential property on high-traffic road, suitable for redevelopment.
      1134-1138 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing
      1,200 SF

      Pigeon Forge Redevelopment Opportunity

      Redevelopment opportunity in Lumberjack Square Shopping Center, Pigeon Forge.
      2530 Parkway, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing
      27,987 SF

      21-Unit Townhome Community Near Dollywood

      Townhome community near Dollywood with multiple use options.
      3729 Plaza Way, Pigeon Forge, TN 37863
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Prime Parkway Retail Space

      High-visibility retail space on the Parkway in Pigeon Forge.
      3676 Parkway, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing
      5,000 SF

      Pigeon Forge Retail Space Available

      Retail space in high-traffic Pigeon Forge location for lease.
      163-177 E Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail spaces available near Dollywood and other attractions.
      135 E Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • Contact for pricing
      19,134 SF

      Pigeon Forge Factory Outlet Mall

      Factory outlet mall in a high-traffic tourist area.
      2860 Parkway, Pigeon Forge, TN 37863
      View Details
    • $20,000 /Mo
      77,972 SF

      Pigeon Forge Commercial Land Lease

      Prime commercial land for lease near Parkway in Pigeon Forge.
      1155 Wears Valley Rd, Pigeon Forge, TN 37863
      View Details
    • $19 SF/Yr

      Pigeon Forge Office Suite For Rent

      Functional 1,700 SF office suite in prime location.
      2540 Sand Pike Blvd, Pigeon Forge, TN 37863
      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.
    641 Wears Vly Rd
    Pigeon Forge, TN 37863-7754
    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

    Thank You for Inquiry
    641 Wears Vly Rd, Pigeon Forge, TN, 37863
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!