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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Bowling alleys
301 Nottingham Dr Cary, NC 27511-4947
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1808414
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1973
Construction
BRICK
Total area
26,177 SF
Lot
2.18 ac (94,961 SF)
Zoning code
GC
APN
0773.15-64-2264 0086253
UPID
US53-1808414
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
-
BowlersMart Cary Pro Shop at AMF South Hills Lanes (Bike/Boat/Book/etc) Store Bowling Alley
-
AMF South Hills Lanes Bowling Alley
-
High Rollers Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
-
Bowlero Cary Bowling Alley
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$755k
Owner & transaction history
Bowling Centers Istar II · 22 yrs held
Bowling Centers Istar II
since 2004
1 recorded transaction
Zoning & alternative use
GC · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$29 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,760
Tax year 2023
Assessed value
$1,772,499
Assessed 2023
Previous assessed
$1,772,499
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$888,835
Assessed improvement
$883,664
Land market value
$888,835
Improvement market value
$883,664
Total market value
$1,772,499
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
1973
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
32
Total area
26,177 SF
Lot
2.18 ac (94,961 SF)
Zoning code
GC
APN
0773.15-64-2264 0086253
UPID
US53-1808414
Jurisdiction
WAKE
Zoning & alternative use
GC · Cary, NC
Zoning GC · permitted uses
GC · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
32
Lot
2.18 ac
Current owner
From public records · entity-resolved
Bowling Centers Istar II
Individual
Free & Clear · 22 yrs held
Mailing address
9229 DELEGATES ROW STE #375, INDIANAPOLIS, IN 46240-3822
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2004
$1,073,000
Bowling Centers Istar II
Amf Bowling Centers INC
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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