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    Turnkey Entertainment Destination on Route 100 Title is generated by Realmo AI

    179 Route 100 North, Wilmington, VT 05363

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    For Sale
    $859,800

    Commercial For Sale - Wilmington, VT

    Lot size:
    0.75 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    121
    Last Refresh:
    May 9 at 7:06 pm

    Property Features for 179 Route 100 North

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7281

    Utilities

    Heating system
    Baseboard, Radiant
    Cooling system
    Zoned

    Building Details

    Year built
    1960
    Number of units
    4
    Roof type
    Membrane, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Caplan

    Listing agent Richard Caplan

    Listing office Deerfield Valley Real Estate 183 Route 100, WEST DOVER, VT

    Listing date Jan 8, 2026

    MLS# 5073415 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey commercial property with established business, multiple revenue streams, and strong community ties.
    • High‑visibility location on Route 100 with strong traffic counts and easy access.
    • Six candlepin bowling lanes with new lanes and updated equipment.
    • Year‑round 18‑hole mini golf course and arcade area.
    • Pizza restaurant with seating, delivery options, and a fully equipped bar with full liquor service.
    • On‑site apartment and 2BR 1BA trailer for owner/staff housing or rental income.

    Overview

    North Star Bowl & Pizza is a well-established entertainment destination situated in a high-visibility location along Route 100. The property benefits from excellent exposure, strong traffic counts, and easy access. The business features 6 candlepin bowling lanes accommodating up to 36 bowlers, complete with new lanes and updated equipment. A year-round 18-hole mini golf course, arcade area, and flexible entertainment space create multiple revenue streams. Inside, guests enjoy a pizza restaurant with seating for approximately 25, along with delivery options, as well as a small but fully equipped bar and full liquor service. The space is air-conditioned. Ample on-site parking supports peak traffic during events and busy seasons. The property also includes a 2-bedroom, 1-bathroom trailer for owner-occupancy or rental. Additionally, there is an apartment above the business offering owner or staff housing, or added rental income. The property sits on a 0.75-acre lot. This is a turnkey opportunity for an owner-operator or investor seeking a multi-use commercial property with strong community roots and year-round appeal.
    Location Intelligence

    Current Use by Public Records

    Bowling alleys

    Map

    City
    Wilmington
    County
    Windham
    State
    Vermont
    Longitude
    -72.8981
    Latitude
    42.883

    Nearby Similar for Sale

    • $459,000

      Downtown Wilmington Commercial Building Opportunity

      Commercial building with restaurant space and income-producing apartment in Wilmington.
      33 West Main Street, Wilmington, VT 05363
      View Details
    • $749,000

      Historic Sitzmark Venue with Acreage

      Restaurant, indoor/outdoor bars, tennis, pool, disc golf on 38.4 acres.
      54 East Dover Road, Wilmington, VT 05363
      View Details

    FAQs

    What type of property is this?
    Bowling alley - Established entertainment destination with bowling, mini golf, restaurant, and living quarters.
    Where is this bowling alley located?
    The property is located at 179 Route 100 North Wilmington, VT.
    What is the asking price?
    The asking price for this property is $859,800.
    What are key features of this property?
    This property features: Turnkey commercial property with established business, multiple revenue streams, and strong community ties.; High‑visibility location on Route 100 with strong traffic counts and easy access.; Six candlepin bowling lanes with new lanes and updated equipment.
    (802) 464-3055
    We can help!
    Listing Contact
    Richard Caplan
    Learn More
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    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.

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