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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Commercial real estate
Historic Nature Trl Gatlinburg, TN 37738
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2324726
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
2,822 SF
Zoning code
C-1
APN
078126N C 03600
UPID
US80-2324726
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
$540k
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$755k
Owner & transaction history
Robert E Sparks · 22 yrs held
Robert E Sparks
since 2004
Last sale
$2,781
7 recorded transactions
Zoning & alternative use
C-1 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
residential uses in the C-1 (Central Business) District, with the exception of lodging establishments such as Hotels, Motels, Bed and Breakfasts, and similar services. Where there is a combination of uses on a lot, the required number of parking spaces shall be the sum of that found for each use; this regulation is not applicable to us es located within the…
Zone name
Tourist Commercial
General category
INDUSTRIAL
Zone area
204.48 ac
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%
$585,000
6.5%
$540,000
7%
$500,000
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $3k (Oct 15 2024)
Last sale anchor
$3k
Oct 15 2024
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
$268 / 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
$6,900
Tax year 2021
Assessed value
$430,400
Assessed 2023
Previous assessed
$430,400
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$393,120
Assessed improvement
$37,280
Land market value
$982,800
Improvement market value
$93,200
Total market value
$1,076,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Bathrooms
3
Total area
2,822 SF
Zoning code
C-1
APN
078126N C 03600
UPID
US80-2324726
Jurisdiction
SEVIER
Zoning & alternative use
C-1 · Gatlinburg, TNZoning 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
Zoning description
residential uses in the C-1 (Central Business) District, with the exception of lodging establishments such as Hotels, Motels, Bed and Breakfasts, and similar services. Where there is a combination of uses on a lot, the required number of parking spaces shall be the sum of that found for each use; this regulation is not applicable to us es located within the Central Business (C -1) District which are exempt from providing parking according to Section 402 of this document The number of automobile parking spaces provided shall be at least as great as the number specified below for various uses. Each space shall have a minimum width of ten (10) feet and a minimum length of twenty (20 feet) for each parking space and shall have vehicular access to a public street. Parallel parking spaces shall not be less than nine (9) feet wide and not be less than twenty-two (22) feet in length. All parking spaces shall be striped, except private garages or parking areas for the exclusive use of single-family dwellings. A Turning space shall be provided so that no vehicle will be required to back into the street. 1. The lot must be located in an R-1 or R-1A zoning district; 2. The lot must be located adjacent to a minor residential street as designated on the Official Street Classification Map for the City of Gatlinburg. 3. The lot must be located on the downside of the public right-of-way giving access to the lot; 4. The on-site parking area must be level with the street; 5. The area utilized for parking and backing out must be situated in such a manner as to insure adequate and safe sight distances as determined by the Gatlinburg Building and Planning Departments; 17 6. The average slope of the proposed building site must exceed 30 percent (as verified by a licensed surveyor). 402.1 AUTOMOBILE REPAIR GARAGES: One space for each regular employee plus one space for each 250 square feet of floor space used for repair work. 402.2 CHURCHES: One space for each four (4) seats. 402.3 CLUBS and LODGES: One space for each three hundred (300) square feet of floor space. 402.4 DWELLINGS: 402.4.1 SINGLE and DUPLEX - Three-quarter (.75) of a parking space per bedroom, minimum of two (2) spaces. 402.4.2 Multi-Family Units with: a) A maximum of 600 square feet total floor area: 1.1 spaces per unit. b) A maximum of 900 square feet total floor area: 1.25 spaces per unit. c) A maximum of 1,200 square feet total floor area: 1.5 spaces per unit. d) A maximum of 1,500 square feet total floor area: 1.75 spaces per unit. e) More than 1,500 square feet total floor area: two (2) spaces per unit.
Zone name
Tourist Commercial
General category
INDUSTRIAL
Zone area
204.48 ac
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Bathrooms
3
Current owner
From public records · entity-resolved
Robert E Sparks
Individual
Free & Clear · 22 yrs held
Mailing address
25 TOWN CTR BLVD, CLERMONT, FL 34714-4834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
105 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2004
$1,000
Robert E Sparks
Sparks,bernice
Grant Deed
related
—
Jul 1, 2004
$2,500
David E Carle
Conley,lisa M & Casey L
Grant Deed
related
—
Oct 31, 2003
$3,791
Mmg Development Corp
Geiselman,robert K Tr
Trustees Deed
related
—
Aug 28, 2003
$10,532
Robert K Geiselmann
Mmg Development Corp
Trustees Deed
—
Jun 16, 2003
$10,102
Mmg Development Corp
Mcgill,terry J & Christy A
Trustees Deed
related
—
Jun 16, 2003
$10,078
Mmg Development Corp
Roden,james C & Martha J
Trustees Deed
related
—
Jun 16, 2003
$3,895
Mmg Development Corp
Davis,leroy C & Angela D
Trustees Deed
related
—
Jun 16, 2003
$10,489
Mmg Development Corp
Herr,christopher J
Trustees Deed
related
—
Jun 16, 2003
$5,495
Mmg Development Corp
Casey,richard W & Brenda
Trustees Deed
related
—
Jun 16, 2003
$1,162
Mmg Development Corp
Cooper,george & Jeanette
Trustees Deed
related
—
Jun 16, 2003
$5,169
Mmg Development Corp
Holland,william E & Katherine L
Trustees Deed
related
—
Jun 16, 2003
$5,489
Mmg Development Corp
Hunt,austin & Nancy
Trustees Deed
related
—
Jun 16, 2003
$5,124
Mmg Development Corp
Fountain,theodore E & Sherri L
Trustees Deed
related
—
Jun 16, 2003
$11,357
Mmg Development Corp
Nixon,harold O & Lossie
Trustees Deed
related
—
Jun 16, 2003
$3,489
Mmg Development Corp
Kelley,brian K & Cindy J
Trustees Deed
related
—
Jun 16, 2003
$7,732
Mmg Development Corp
Conley,james A & Brenda M
Trustees Deed
related
—
Jun 16, 2003
$2,739
Mmg Development Corp
Mccarter,dwayne E & Patricia R
Trustees Deed
related
—
Apr 25, 2003
$10,398
Mmg Development Corp
Lacey,james A
Trustees Deed
related
—
Apr 22, 2003
$23,689
Mmg Development Corp
Musick,paul E & Rachel L
Trustees Deed
related
—
Apr 22, 2003
$21,387
Mmg Development Corp
Harris,arnold T & Juanita M
Trustees Deed
related
—
Apr 22, 2003
$10,859
Mmg Development Corp
Duncan,john E & Loretta K
Trustees Deed
related
—
Apr 22, 2003
$15,865
Mmg Development Corp
Damron,bobby J & Pamela J
Trustees Deed
related
—
Apr 22, 2003
$10,421
Mmg Development Corp
Morgan,robert L & Niki L
Trustees Deed
related
—
Apr 22, 2003
$9,286
Mmg Development Corp
Lunsford Anderson,robin
Trustees Deed
related
—
Apr 22, 2003
$17,715
Mmg Development Corp
Barlet,terry L & Lisa D
Trustees Deed
related
—
Apr 22, 2003
$10,944
Mmg Development Corp
Ritchie,jeff & Judy
Trustees Deed
related
—
Apr 22, 2003
$11,568
Mmg Development Corp
Hammonds,dawson L & Joyce A
Trustees Deed
related
—
Apr 22, 2003
$11,509
Mmg Development Corp
Bryant,david A & Pamela A
Trustees Deed
related
—
Apr 22, 2003
$3,646
Mmg Development Corp
Slade,cecil M & Bonnie B
Trustees Deed
related
—
Apr 22, 2003
$10,510
Mmg Development Corp
Bartlett,david L
Trustees Deed
related
—
Apr 22, 2003
$11,237
Mmg Development Corp
Johnson,william L & Janice G
Trustees Deed
related
—
Apr 22, 2003
$10,695
Mmg Development Corp
Craig,charles D & Sheila M
Trustees Deed
related
—
Apr 22, 2003
$17,896
Mmg Development Corp
Dunn,heidi M
Trustees Deed
related
—
Apr 22, 2003
$22,297
Mmg Development Corp
Gates,charles M & Toni R
Trustees Deed
related
—
Apr 22, 2003
$17,416
Mmg Development Corp
Pass,timothy J & Regina L
Trustees Deed
related
—
Apr 22, 2003
$4,775
Mmg Development Corp
Love,wade
Trustees Deed
related
—
Apr 22, 2003
$18,933
Mmg Development Corp
Graham,sandra G & Bobby W
Trustees Deed
related
—
Mar 14, 2003
$5,825
Mmg Development Corp
Finley,jeffrey L & Susan E
Trustees Deed
related
—
Mar 13, 2003
$9,785
Mmg Development Corp
Hutsell,ted M & Diana B
Trustees Deed
related
—
Mar 13, 2003
$19,017
Mmg Development Corp
Ratcliff,willis C & Tawanda L
Trustees Deed
related
—
Mar 13, 2003
$10,920
Mmg Development Corp
Atha,ronald W & Peggy J
Trustees Deed
related
—
Mar 13, 2003
$6,481
Mmg Development Corp
Garybush,philip L & Betty G
Trustees Deed
related
—
Mar 13, 2003
$6,089
Mmg Development Corp
Brown,elbert E
Trustees Deed
related
—
Jan 24, 2003
$2,060
James W Logan
Holley,james F & Paula J
Grant Deed
related
—
Jan 6, 2003
$8,954
Mmg Development Corp
Richards,albert E & Brenda O
Trustees Deed
related
—
Jan 6, 2003
$17,837
Mmg Development Corp
Stiles,ronald H & Jacquelynn D
Trustees Deed
related
—
Jan 6, 2003
$9,288
Mmg Development Corp
Miller,diane B
Trustees Deed
related
—
Jan 6, 2003
$16,386
Mmg Development Corp
Lee,craig & Stacey F
Trustees Deed
related
—
Jan 6, 2003
$16,157
Mmg Development Corp
Little,kermit M & Mary M
Trustees Deed
related
—
Jan 6, 2003
$9,926
Mmg Development Corp
Morris,max L & Deborah A
Trustees Deed
related
—
Jan 6, 2003
$7,055
Mmg Development Corp
Merrell,leonard C & Crystal B
Trustees Deed
related
—
Jan 6, 2003
$5,712
Sunterra Corp
Albert,jayson L & Christy C
Trustees Deed
related
—
Jan 6, 2003
$19,093
Sunterra Corp
Musser,larry A & Betty G
Trustees Deed
related
—
Jan 6, 2003
$10,324
Mmg Development Corp
Lee,gregory D & Diana L
Trustees Deed
related
—
Jan 6, 2003
$5,859
Mmg Development Corp
Patterson,maylon E
Trustees Deed
related
—
Jan 3, 2003
$11,238
Mmg Development Corp
Sullivan,kevin S & Tammy A
Trustees Deed
related
—
Jan 3, 2003
$7,187
Mmg Development Corp
Turner,james J & Elizabeth D
Trustees Deed
related
—
Jan 3, 2003
$11,649
Mmg Development Corp
Cogdill,roger D & Elizabeth P
Trustees Deed
related
—
Jan 3, 2003
$19,961
Mmg Development Corp
Terry,donnie N & Kristine H
Trustees Deed
related
—
Jan 3, 2003
$7,025
Mmg Development Corp
Wilner,raymond L & Jewell
Trustees Deed
related
—
Jan 3, 2003
$5,472
Mmg Development Corp
Winters,robert S & Paula A
Trustees Deed
related
—
Jan 2, 2003
$9,490
Mmg Development Corp
Mcbride,antoinette R & John A
Trustees Deed
related
—
Jan 2, 2003
$17,858
Mmg Development Corp
Craig,sherrill S
Trustees Deed
related
—
Jan 2, 2003
$13,044
Mmg Development Corp
Greene,bill R & Marilyn F
Trustees Deed
related
—
Jan 2, 2003
$13,958
Mmg Development Corp
Cryno,john & Diane
Trustees Deed
related
—
Jan 2, 2003
$17,138
Mmg Development Corp
Fair,tyrone
Trustees Deed
related
—
Jan 2, 2003
$9,052
Mmg Development Corp
Knox,thomas W & Patricia W
Trustees Deed
related
—
Jan 2, 2003
$7,940
Mmg Development Corp
Johnson,joe B & Suzanne H
Trustees Deed
related
—
Jan 2, 2003
$9,234
Mmg Development Corp
Bossio,paul R & Pamela J
Trustees Deed
related
—
Jan 2, 2003
$10,162
Mmg Development Corp
Hairr,paula N
Trustees Deed
related
—
Jan 2, 2003
$12,319
Mmg Development Corp
Baxter,gregory S & Debra C
Trustees Deed
related
—
Jan 2, 2003
$882
Mmg Development Corp
Dunn,charlotte W & Richard M
Trustees Deed
related
—
Jan 2, 2003
$7,963
Mmg Development Corp
Kirk,christopher R & Suzanne M
Trustees Deed
related
—
Jan 2, 2003
$7,532
Mmg Development Corp
Jones,anthony B & Vickie L
Trustees Deed
related
—
Jan 2, 2003
$8,015
Mmg Development Corp
Wyatt,robert M
Trustees Deed
related
—
Dec 12, 2002
$19,197
Mmg Development Corp
Ballard,carole J
Trustees Deed
related
—
Dec 10, 2002
$590
Stephen M Brackett
Shipley,charles E & Brenda W
Grant Deed
related
—
Aug 22, 2002
$5,000
Matthew Y Min
Sims,melvin V & Vickie G
Grant Deed
—
Jul 17, 2002
$9,332
Mmg Development Corp
Webb,craige A & Norma J
Trustees Deed
related
—
Jul 17, 2002
$10,521
Mmg Development Corp
Rigsby,steve & Sha
Trustees Deed
related
—
May 14, 2002
$15,268
Mmg Development Corp
Strickland,victoria J & Michael A
Trustees Deed
related
—
May 14, 2002
$16,231
Mmg Development Corp
Scalf,reggie R & Kim J
Trustees Deed
related
—
May 14, 2002
$8,805
Mmg Development Corp
Dickerson,rondal L & Paulette
Trustees Deed
related
—
May 14, 2002
$9,640
Mmg Development Corp
Furtick,odell & Juanita
Trustees Deed
related
—
May 14, 2002
$9,950
Mmg Development Corp
Owens,randy W & Mary L
Trustees Deed
related
—
May 14, 2002
$9,537
Mmg Development Corp
Aaron,randy L & Crystal L
Trustees Deed
related
—
May 14, 2002
$10,009
Mmg Development Corp
Rock,john A & Amelia A
Trustees Deed
related
—
May 14, 2002
$10,812
Mmg Development Corp
Rump,jerry P & Lisa M
Trustees Deed
related
—
May 14, 2002
$10,172
Mmg Development Corp
Ashley,michael L & Belinda
Trustees Deed
related
—
May 14, 2002
$9,247
Mmg Development Corp
Garrison,tammy
Trustees Deed
related
—
May 13, 2002
$8,760
Mmg Development Corp
Mcfarland,tracy W & Connye W
Trustees Deed
related
—
May 13, 2002
$9,841
Mmg Development Corp
Harmon,david K & Sandra M
Trustees Deed
related
—
May 13, 2002
$9,971
Mmg Development Corp
Farrow,f R & Donna H
Trustees Deed
related
—
May 13, 2002
$10,056
Mmg Development Corp
Mcneeley,john W
Trustees Deed
related
—
May 13, 2002
$9,776
Mmg Development Corp
Ray,larry C & Audrey E
Trustees Deed
related
—
May 13, 2002
$8,967
Mmg Development Corp
Watkins,cynthia A & Ricky C
Trustees Deed
related
—
May 13, 2002
$9,873
Mmg Development Corp
Shelton,curtis R & Virginia L
Trustees Deed
related
—
May 13, 2002
$9,530
Mmg Development Corp
Burt,charles & Brenda
Trustees Deed
related
—
May 13, 2002
$8,904
Mmg Development Corp
Newlman,michael
Trustees Deed
related
—
May 13, 2002
$15,693
Mmg Development Corp
Wood,fred R
Trustees Deed
related
—
May 13, 2002
$10,194
Mmg Development Corp
Gallegos,ezequiel & Isabel
Trustees Deed
related
—
May 13, 2002
$10,044
Mmg Development Corp
Reaves,earl & Judy A
Trustees Deed
related
—
May 13, 2002
$8,195
Mmg Development Corp
Gentry,jimmie R & Laura W
Trustees Deed
related
—
Feb 8, 2002
$4,000
Ted Jones
Williams,audrey S
Grant Deed
—
Apr 21, 1994
$5,400
Robert A 0ate II
Unknown
Grant Deed
—
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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