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Property profile & analytics
OFF-MARKET
Bowling alleys
208 Gay St 206 Erwin, TN 37650-1230
Entity Owned
Free & Clear
Property ID
US80-1886068
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1910
Construction
WOOD
Total area
12,924 SF
Lot
52 ac (2,265,120 SF)
Zoning code
B-3
APN
086023N W 00203
UPID
US80-1886068
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
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
1910 Event Co LLC
1910 Event Co LLC
since 2025
4 recorded transactions
Zoning & alternative use
B-3 · Erwin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
9.34 ac
Source
Realmo
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 Erwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erwin 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
Property tax & assessments
Assessed value
$128,520
Assessed 2023
Previous assessed
$128,520
+0.0% YoY
Assessed land
$13,840
Assessed improvement
$114,680
Land market value
$34,600
Improvement market value
$286,700
Total market value
$321,300
Applied tax rate
86.0000
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
1910
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
12,924 SF
Lot
52 ac (2,265,120 SF)
Zoning code
B-3
APN
086023N W 00203
UPID
US80-1886068
Jurisdiction
UNICOI
Zoning & alternative use
B-3 · Erwin, TNZoning B-3 · permitted uses
B-3 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
9.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
52 ac
Current owner
From public records · entity-resolved
1910 Event Co LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 681, ERWIN, TN 37650-0681
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
$535,000
1910 Event Co LLC
Matthew K Rice
Warranty Deed
—
Aug 19, 2013
$115,000
Matthew K Rice
Hirst,jon D
Warranty Deed
—
Oct 3, 2005
$125,000
Jon D Hirst
Surrey Estates INC
Warranty Deed
$100,000 · Eastman Cu
—
—
Matthew Rice
—
Deed Of Trust
related
$200,000 · Eastman Cu
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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