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Property profile & analytics
OFF-MARKET
Bowling alleys
211 Elm Ave Erwin, TN 37650-1109
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0293869
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1964
Total area
2,558 SF
Lot
78 ac (3,397,680 SF)
Zoning code
B-4
APN
086023N L 00300
UPID
US80-0293869
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
-
SquareOne Corporate Office
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
Erwin Utilites Authority · 7 yrs held
Erwin Utilites Authority
since 2019
4 recorded transactions
Zoning & alternative use
B-4 · Erwin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Intermediate Business
General category
COMMERCIAL
Zone area
23.88 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
Land market value
$14,800
Improvement market value
$54,600
Total market value
$69,400
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
1964
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
2,558 SF
Lot
78 ac (3,397,680 SF)
Zoning code
B-4
APN
086023N L 00300
UPID
US80-0293869
Jurisdiction
UNICOI
Zoning & alternative use
B-4 · Erwin, TNZoning B-4 · permitted uses
B-4 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Intermediate Business
General category
COMMERCIAL
Zone area
23.88 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
78 ac
Current owner
From public records · entity-resolved
Erwin Utilites Authority
Entity
Mailing address
PO BOX 817, ERWIN, TN 37650-0817
Ownership since
2019
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
Jun 28, 2019
—
Erwin Utilites Authority
Town Of Erwin
Quit Claim Deed
related
—
Jun 20, 2017
—
Board Of Public Utilities & Town & Er
Clinchfield Senior Adult Cente
Warranty Deed
related
—
Jun 22, 2009
$89,000
Senior Adult Cente Clinchfield
Arrowood,lisa C R
Warranty Deed
$73,000 · Bank Of Tennessee
—
—
Lisa C R Arrowood
—
Deed Of Trust
related
$54,600 · Erwin National 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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