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Property profile & analytics
OFF-MARKET
Bowling alleys
131 Thorp St Marion, KS 66861-1127
Individually Owned
Absentee Owner
Free & Clear
Property ID
US33-0580299
Property summary
AI-generated overview
This exceptional commercial property in Marion, KS, presents a unique investment opportunity. The 7,000 square foot building sits on a 0.76-acre lot and houses a thriving bowling alley established in 1961, featuring eight well-maintained lanes and a loyal league following. The property also includes Willy J's Restaurant & Bar, opened in 2008, offering a full menu including burgers, fries, and salads. The restaurant and bar boast an inviting atmosphere, perfect for bowlers and the wider community. The bowling alley's versatile space is ideal for hosting special events, from birthday parties to corporate gatherings. Key features include a fully equipped kitchen with an auto-fry deep fryer, prep table, and refrigeration
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1961
Total area
7,000 SF
Lot
0.76 ac (33,106 SF)
APN
183-05-0-10-03-004.00-0
UPID
US33-0580299
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
-
Sher Bowls Lanes Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
DONNA R BRYANT
DONNA R BRYANT
Zoning & alternative use
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,953
Tax year 2022
Assessed value
$57,285
Assessed 2023
Previous assessed
$56,035
+2.2% YoY
Effective rate
20.87%
On assessed value
Assessed land
$1,925
Assessed improvement
$55,360
Land market value
$7,700
Improvement market value
$221,440
Total market value
$229,140
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1961
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
8
Total area
7,000 SF
Lot
0.76 ac (33,106 SF)
APN
183-05-0-10-03-004.00-0
UPID
US33-0580299
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
8
Lot
0.76 ac
Current owner
From public records · entity-resolved
DONNA R BRYANT
Individual
Free & Clear · 0 yrs held
Mailing address
314 GRANT ST, MARION, KS 66861-1926
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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