Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pkwy Parkway Sevierville, TN 37862
    Back to Search
    Property profile & analytics

    Pkwy Parkway, Sevierville, TN 37862

    View on Map
    • Commercial land
    • 1,636 SF
    • 80.00 lot acres
    Off-Market
    Last Sale Feb 1, 2022
    $3,375,000
    Property ID
    US80-2593121
    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
    $3,210,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for Pkwy Parkway

    Year built
    1958
    Lot size
    80.00 lot acres
    Zone code
    C-4
    Property type
    Commercial land
    APN
    078061B A 02800
    APU
    078061BA02800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 1, 2022 $3,375,000 Tcb 725 LLC Murrell Properties Gp Warranty Deed $2.9M · Devin Koester
    May 5, 1995 — Murrell-winter,llc — Deed Of Trust · related —
    Aug 8, 1989 $145,000 Park S Winter Unknown Grant Deed —
    Aug 7, 1989 $145,000 Park S Winter Unknown, Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $3,820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.5689
    Latitude
    35.8574
    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
    $2,317
    $121,600
    $0.00
    $121,600
    -
    $304,000
    $0.00
    $304,000

    Comparable in this City

    • Value Estimation by Request
      4.90 Acres

      132 Pkwy Parkway

      VACANT COMMERCIAL LAND
      132 Pkwy Parkway, Sevierville, TN 37862-3522
      View Details
    • Value Estimation by Request
      0.26 Acres

      126 Pkwy Parkway

      VACANT COMMERCIAL LAND
      126 Pkwy Parkway, Sevierville, TN 37862-3522
      View Details
    • Value Estimation by Request
      0.86 Acres

      Airport Rd

      VACANT COMMERCIAL LAND
      Airport Rd, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      1.12 Acres

      Burridge Dr

      VACANT COMMERCIAL LAND
      Burridge Dr, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      0.21 Acres

      Connely St

      VACANT COMMERCIAL LAND
      Connely St, Sevierville, TN 37862
      View Details
    • Value Estimation by Request
      0.20 Acres

      1551 Trappers Rdg Ln

      VACANT COMMERCIAL LAND
      1551 Trappers Rdg Ln, Sevierville, TN 37862-7746
      View Details

    Similar Nearby for Sale

    • New
      $7,128,000
      11.88 Acres

      Sevierville Development Land For Sale

      Prime 11.88-acre development land near LeConte Medical Center.
      Middle Creek Rd, Sevierville, TN 37862
      View Details
    • $614,000
      0.43 Acres

      Commercial Lot Near Parkway

      Commercial building lot near Parkway in Sevierville, Tennessee.
      1 Chilhowee Dr, Sevierville, TN 37862
      View Details
    • $300,000

      Commercial Land with Tear-Down Barn

      Level corner commercial lot with utilities at the street and an on-site barn-like building in tear-down condition.
      200 Caton Rd, Sevierville, TN 37862
      View Details
    • $85,000
      Pending

      Sevierville, TN Land For Sale

      Land with RV pad and mountain views in Wears Valley.
      Pumpkin Path Way, Sevierville, TN 37862
      View Details
    • $2,200,000
      6.95 Acres

      Riverfront Development Tract in Sevierville

      6.95-acre riverfront development tract zoned for industrial use.
      1000 Old Knoxville Hwy, Sevierville, TN 37862
      View Details
    • Contact for pricing

      Commercially Zoned Lot Near Parkway

      Commercially zoned lot with tear-down building near Parkway.
      200 Caton Rd, Sevierville, TN 37862
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Veterans Blvd Ground Lease Parcels

      Four ground lease parcels available on Veterans Blvd, Sevierville, TN.
      Veterans Blvd, Sevierville, TN 37862
      View Details
    • $19 SF/Yr

      Retail Opportunity on Dolly Parton

      Prime retail location with high visibility and convenient access.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $39 SF/Yr

      Retail Space on Main Corridor

      Retail space with high visibility near popular attractions.
      1403 Parkway, Sevierville, TN 37862
      View Details
    • Contact for pricing
      2,283 SF

      Sevierville Office Space For Rent

      Office space in high-traffic Sevierville location, ready for move-in.
      124 N Henderson Ave, Sevierville, TN 37862
      View Details
    • Contact for pricing

      Prime Location on Dolly Parton

      High-visibility commercial space with convenient access in Sevierville, TN.
      630 Dolly Parton Pkwy, Sevierville, TN 37862
      View Details
    • $27 SF/Yr

      Prime Retail Location on Parkway

      High-visibility retail space with strong sales potential on busy Parkway.
      639 Parkway, Sevierville, TN 37862
      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.
    Pkwy Parkway
    Sevierville, TN 37862
    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
    Pkwy Parkway, Sevierville, TN, 37862
    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!