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    Property profile & analytics

    2210 W Reelfoot Ave Union City, TN 38261

    • Bowling alleys
    • 14,580 SF
    • 1.73 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0797013
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Southlane Bowling / Bowling Alley

    Property Details for 2210 W Reelfoot Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.73 lot acres
    Property size
    14,580 SF
    Property type
    Bowling alleys
    APN
    066059 05100
    APU
    6605905100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Obion
    State
    Tennessee
    Longitude
    -89.0884
    Latitude
    36.4017
    CBSA code
    46460
    CBSA name
    UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $74,720
    $114,200
    $188,920
    -
    $186,800
    $285,500
    $472,300

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      1535 Old Rives Rd

      BOWLING ALLEY • 6,000 SF
      1535 Old Rives Rd, Union City, TN 38261-8638
      View Details
    • Value Estimation by Request
      10,500 SF

      2122 Reelfoot Ave

      BOWLING ALLEY • 10,500 SF
      2122 Reelfoot Ave, Union City, TN 38261-5599
      View Details
    • Value Estimation by Request
      6,192 SF

      118 1st St

      THEATER (MOVIE) • 6,192 SF
      118 1st St, Union City, TN 38261-3802
      View Details
    • Value Estimation by Request
      1,296 SF

      1444 Airport Rd

      GOLF COURSE • 1,296 SF
      1444 Airport Rd, Union City, TN 38261
      View Details
    • Value Estimation by Request

      US-51 Un

      Land
      US-51 Un, Union City, TN 38261
      View Details
    • Value Estimation by Request
      1.01 Acres

      Bream Blvd

      VACANT COMMERCIAL LAND • 1.01 Acres
      Bream Blvd, Union City, TN 38261
      View Details

    Similar Nearby for Sale

    • $1,000,000
      14,376 SF

      Union City Bowling Alley For Sale

      Legacy bowling alley on 1.73 acres in Union City, Tennessee.
      2210 W Reelfoot Ave, Union City, TN 38261
      View Details
    • Contact for pricing

      Union City Building Lots Available

      Residential land for sale in Union City, Tennessee.
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      0.52 Acres

      Residential Lots in Union City

      Two residential lots totaling 0.52 acres in Union City, TN.
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    • $265,000
      10,700 SF

      Versatile Automotive Facility in Union City

      Automotive facility with high visibility and easy access for customers.
      2202 Nailling Dr, Union City, TN 38261
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    • $35,000

      Residential Building Lots in Union City

      Residential lots available for sale in Union City, Tennessee.
      220 Wilma Dr, Union City, TN 38261
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      Residential Land in Union City

      Land for sale in Union City, Tennessee.
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      View Details

    Similar Nearby for Lease

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      411,897 SF

      Union City Industrial Campus

      Large TN warehouse, flexible space
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • Contact for pricing
      254,295 SF

      Union City Industrial Facility

      254,295 SF industrial facility on 34 acres for lease.
      600 Sherwood Dr, Union City, TN 38261
      View Details
    • $5 SF/Yr
      83,995 SF

      Reelfoot Commons Shopping Center

      High-traffic retail center, 6 spaces available
      1421 1St St, Union City, TN 38261
      View Details
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    Union City, TN 38261
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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