Pkwy Parkway Gatlinburg, TN 37738
701. R-1 Low Density Residential. It is the intent of this district to establish low density residential areas along with open areas which appear likely to develop in a similar manner. The requirements for the district are designed to protect essential characteristics of the district, to promote and encourage an environment for family life, and to prohibit b…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Gatlinburg, TN701. R-1 Low Density Residential. It is the intent of this district to establish low density residential areas along with open areas which appear likely to develop in a similar manner. The requirements for the district are designed to protect essential characteristics of the district, to promote and encourage an environment for family life, and to prohibit business activities. In order to achieve the intent of the R-1 (Low Density) Residential District, as shown on the Zoning Map of the City of Gatlinburg, Tennessee, the following uses are permitted: 701.1 Single family residences, except mobile homes. 701.2 Customary general farming. 701.3 Day care centers: Day care centers upon approval of site plan by the building official and the issuance of a letter of approval by the Department of Human Services. 701.4 Customary home occupations. 701.5 Tourist residences - Single family dwellings may be used as tourist residences by obtaining an annual Tourist Residence Permit from the City of Gatlinburg Building Department. The permit may be obtained after meeting the following special conditions: 701.5.1 Off-Street Parking: Requirements shall be determined by the building official based on the maximum sleeping accommodations established for the tourist residence and in no case may be less than one and a quarter (1.25) on -site parking space per bedroom. 701.5.2 The structure shall meet all applicable City Code requirements for the housing of transient residents. 701.5.3 Administrative review and approval of a site plan which shall show the location of the principal building, any accessory buildings, off -street parking provisions, and any other site information required by the City’s Planning and Building Departments. 701.6 Public owned buildings and uses, schools, offering general education, and churches provided that: 701.6.1 A site plan is approved by the Planning Commission. 701.6.2 The buildings are placed not less than fifty (50) feet from the side and rear property lines. 701.6.3 There are planted buffer strips along side and rear property lines. 65 701.7 Customary accessory buildings. 701.8 Signs: As regulated under Article IV. 701.9 Residential Planned Unit Developments (PUD). 701.9.1. Planned Unit Developments for single family residential uses provided a site development plan is prepared in accordance with the provision of Article IV,
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.