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Property profile & analytics
OFF-MARKET
Bowling alleys
15 State St Council Bluffs, IA 51503-4439
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2569241
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1955
Total area
17,444 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-3
APN
7543 30 302 006
UPID
US25-2569241
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
-
In Motion Gymnastics Gym & Fitness Center
-
Grace Therapy Crisis Center Medical Clinic
-
Pottawattamie County Sports & Family Chiropractic Alternative Medicine Practice
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
Motion Entertainment LLC · 8 yrs held
Motion Entertainment LLC
since 2018
6 recorded transactions
Zoning & alternative use
C-3 · Council Bluffs, IA
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 Council Bluffs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Council Bluffs 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,392
Tax year 2023
Assessed value
$392,800
Assessed 2024
Previous assessed
$392,800
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$83,000
Assessed improvement
$309,800
Land market value
$83,000
Improvement market value
$309,800
Total market value
$392,800
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
1955
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
17,444 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-3
APN
7543 30 302 006
UPID
US25-2569241
Jurisdiction
POTTAWATTAMIE
Zoning & alternative use
C-3 · Council Bluffs, IA
Zoning C-3 · permitted uses
C-3 · Council Bluffs, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Council Bluffs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Motion Entertainment LLC
Entity
Mailing address
15259 214TH ST, COUNCIL BLUFFS, IA 51503-7205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2018
—
In Motion Entertainment LLC
—
Deed
related
$225,000 · Midstates Bank NA
Mar 7, 2018
$85,000
Motion Entertainment LLC
Fox,michael L
Warranty Deed
—
Nov 23, 2016
—
Pinnacle Bk
In Motion Entertainment LLC
Quit Claim Deed
related
$131,614 · Pinnacle Bk
Sep 21, 2016
$287,500
Motion LLC
Hur INC
Dual Purpose Document
related
$232,500 · Hur INC
—
—
Hur INC
—
Deed Of Trust
related
$359,000 · Tierone Bank
—
—
Hur INC
—
Deed Of Trust
related
$85,000 · Tierone Bank
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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