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Property profile & analytics
OFF-MARKET
Estimated value
$2,830,000
Bowling alleys
168 Shaker Rd, East Longmeadow, MA 01028-2733
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1045994
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1960
Construction
STEEL FRAME
Total area
21,664 SF
Lot
1.26 ac (54,886 SF)
Zoning code
BUS
APN
ELON M:0018 B:0015 L:0000
UPID
US38-1045994
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
-
Shaker Bowl Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.83M
Owner & transaction history
168 Shaker LLC · 2 yrs held
168 Shaker LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
BUS · East Longmeadow, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+35.3%
Commercial (general)
$2.2M
+30.6%
Office building
$2.2M
+27.4%
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 East Longmeadow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Longmeadow 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
$2,740,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,700,000
Current use
RESTAURANT
$2,300,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,220,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,165,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,095,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±10% · vs last sale $3.25M (Jul 13 2023)
Last sale anchor
$3.25M
Jul 13 2023
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
$131 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$23,698
Tax year 2024
Assessed value
$1,278,200
Assessed 2024
Previous assessed
$1,278,200
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$316,100
Assessed improvement
$962,100
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
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
21,664 SF
Lot
1.26 ac (54,886 SF)
Zoning code
BUS
APN
ELON M:0018 B:0015 L:0000
UPID
US38-1045994
Jurisdiction
EAST LONGMEADOW
Zoning & alternative use
BUS · East Longmeadow, MA
Zoning BUS · permitted uses
BUS · East Longmeadow, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Longmeadow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.26 ac
Current owner
From public records · entity-resolved
168 Shaker LLC
Entity
Mailing address
168 SHAKER RD, EAST LONGMEADOW, MA 01028-2733
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$3,250,000
168 Shaker LLC
Bowl New England INC
Warranty Deed
$2,800,000 · Peoplesbank (holyoke Ma)
Aug 4, 2017
—
Bowl New England INC
—
Deed
related
$90,000,000 · Citizens Bk/ri
Jan 10, 2003
—
Bowl New England INC
—
Deed Of Trust
related
$9,500,000 · David J Dorval
Oct 1, 1996
—
Bowl New England INC
—
Deed Of Trust
related
$12,175,000 · Heller Financial
Jun 3, 1994
—
Bowl New England INC
—
Deed Of Trust
related
$7,500,000 · Vermont National Bank
Dec 24, 1992
—
Bowl New England INC
—
Deed Of Trust
related
$950,000 · Zions First National Bank
Mar 25, 1992
—
Bowl New England INC
—
Deed Of Trust
related
$500,000 · Zions First National Bank
Feb 23, 1988
—
Bowl New England INC
—
Deed Of Trust
related
$750,000 · Bankboston Development Co LLC
—
—
Bowl New England INC
—
Deed Of Trust
related
$90,000,000 · Citizens Bk/ri
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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