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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Bowling alleys
1944 Brookside Dr Kingsport, TN 37660-4618
Individually Owned
22-yr Hold
Free & Clear
Property ID
US80-0974702
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1979
Total area
11,904 SF
Lot
187 ac (8,145,720 SF)
APN
082047I A 02610
UPID
US80-0974702
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
-
Dr. Michael R. Martin, MD Physician
-
Tri-Star Barber Barber Shop
-
zela’s beauty salon Hair Salon Nail Salon
-
Lather Head Spa Hair Salon
-
Thin & Healthy Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Stan C Pace · 22 yrs held
Stan C Pace
since 2004
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$980,000
+52.2%
Retail stores
$865,000
+34.5%
Auto repair, garage
$820,000
+27.3%
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 Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$645,000
Current use
RESTAURANT
$980,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$605,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$51 / 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
Property tax & assessments
Assessed value
$291,640
Assessed 2023
Previous assessed
$291,640
+0.0% YoY
Assessed land
$56,680
Assessed improvement
$234,960
Land market value
$141,700
Improvement market value
$587,400
Total market value
$729,100
Applied tax rate
82.0000
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
1979
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
10
Total area
11,904 SF
Lot
187 ac (8,145,720 SF)
APN
082047I A 02610
UPID
US80-0974702
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$645,000
RESTAURANT
Est. value
$980,000
RETAIL STORES
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$820,000
MEDICAL BUILDING
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$605,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1979
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
187 ac
Current owner
From public records · entity-resolved
Stan C Pace
Individual
Free & Clear · 22 yrs held
Mailing address
2320 PENDRAGON RD, KINGSPORT, TN 37660-2937
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Stan C Pace
—
Grant Deed
related
$2,360,000 · Powell Vly Nat'l Bk
Feb 9, 2011
—
Stan C Pace
—
Deed Of Trust
related
$2,250,000 · First Community Bank East Tn
Feb 11, 2004
$590,000
Stan C Pace
Taff,william T
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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