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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Bowling alleys
125 Morlake Dr Mooresville, NC 28117-9069
Entity Owned
~
Est. High Equity
Property ID
US53-1214442
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
2006
Construction
STEEL FRAME
Total area
49,550 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CC
APN
4647-58-6584.000
UPID
US53-1214442
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
Current use
Occupant on record · Public records
-
Bowling World (Bike/Boat/Book/etc) Store Bowling Alley
-
BowlersMart Mooresville Pro Shop at George Pappas Victory Lanes (Bike/Boat/Book/etc) Store Bowling Alley
-
Wobbly Butt Taproom & Eatery Bar & Pub
-
Victory Lanes Entertainment and Events Center Bowling Alley
-
Carolina Bird Dawgs Child Welfare Organization Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
125 Morlake Drive LLC
125 Morlake Drive LLC
since 2026
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mooresville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mooresville 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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$13 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$60,967
Tax year 2023
Assessed value
$5,361,150
Assessed 2023
Previous assessed
$4,246,880
+26.2% YoY
Effective rate
1.14%
On assessed value
Assessed land
$909,450
Assessed improvement
$4,451,700
Land market value
$909,450
Improvement market value
$4,451,700
Total market value
$5,361,150
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
49,550 SF
Lot
7.05 ac (307,098 SF)
Zoning code
CC
APN
4647-58-6584.000
UPID
US53-1214442
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NC
Zoning CC · permitted uses
CC · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mooresville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
7.05 ac
Current owner
From public records · entity-resolved
125 Morlake Drive LLC
Entity
Mailing address
125 MORLAKE DR, MOORESVILLE, NC 28117-9069
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$4,400,000
125 Morlake Drive LLC
New Victory Lanes LLC
Special Warranty Deed
$3,300,000 · United Community Bank
Nov 10, 2025
—
New Victory Lanes LLC
—
Deed
related
$500,000 · Dominic Ferrovecchio
Mar 28, 2024
—
New Victory Lanes LLC
—
Deed
related
$1,688,368 · United Bank
Aug 2, 2018
—
New Victory Lanes LLC
—
Deed
related
$3,050,000 · Blueharbor Bk
Jul 9, 2018
$4,860,000
New Victory Lanes LLC
Gnp Properties II LLC
Grant Deed
$4,880,000 · Blueharbor Bk
Dec 14, 2016
—
Gnp Properties II LLC
—
Deed
related
$2,746,034 · First Citizens Bank & Trust Co
—
—
New Victory Lanes LLC
—
Deed Of Trust
related
$1,873,000 · Carolina Business Capital INC
—
—
New Victory Lanes LLC
—
Deed Of Trust
related
$3,050,000 · Blueharbor Bk
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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