Property profile

114 Tulaka Blvd Heber Springs, AR 72543

OFF-MARKET
Bowling alleys
Property ID
US05-0932777
10,360 SF 1.15 ac lot Built 1962
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This updated commercial property is located in Heber Springs, Arkansas, one block from Highway 25B. The building contains more than 10,000 square feet of heated and cooled interior space and is configured with 8 bowling lanes. Additional interior features include a 20 by 25 foot party room and a 30 by 40 foot arcade room, along with a small kitchen area equipped with a pizza stove. There is an additional approximately 1,000 to 1,200 square feet of storage area that could be repurposed for expanded arcade use or food-and-beverage service with seating, depending on layout needs. A 12 by 20 foot storage building is located on the rear portion of the property, which sits on a 0.69-acre lot.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1962
Total area 10,360 SF
Lot 1.15 ac (50,094 SF)
APN 300-02794-000-C
UPID US05-0932777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bowling Alley

Location

114 Tulaka Blvd Heber Springs, AR 72543-6514
Heber Springs metro Census 480301
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2021
Last sale
$200,000
2 recorded transactions
2021
$200,000
2006
$180,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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