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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Bowling alleys
3292 Hwy 68 Niota, TN 37826
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2492966
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
2004
Total area
9,920 SF
Lot
83.66 ac (3,644,230 SF)
APN
054010 08700
UPID
US80-2492966
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
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
1 75 Raceway Park LLC · 2 yrs held
1 75 Raceway Park LLC
since 2023
Last sale
$879,000
7 recorded transactions
Zoning & alternative use
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 Niota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niota 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
$920,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,170,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: 0% · Conversion: Difficult
RESTAURANT
$815,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$685,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $879k (Mar 23 2021)
Last sale anchor
$879k
Mar 23 2021
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
$90 / 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
$2,651
Tax year 2023
Assessed value
$244,920
Assessed 2023
Previous assessed
$244,920
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$100,000
Assessed improvement
$144,920
Land market value
$250,000
Improvement market value
$362,300
Total market value
$612,300
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
9,920 SF
Lot
83.66 ac (3,644,230 SF)
APN
054010 08700
UPID
US80-2492966
Jurisdiction
MCMINN
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
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$835,000
RESTAURANT
Est. value
$815,000
RETAIL STORES
Est. value
$685,000
MEDICAL BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
83.66 ac
Current owner
From public records · entity-resolved
1 75 Raceway Park LLC
Entity
Mailing address
3292 STATE HWY 58TH S, GEORGETOWN, TN 37336-6426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
$879,000
1 75 Raceway Park LLC
75 Track LLC
Special Warranty Deed
$623,000 · Capstar Bank
Aug 21, 2023
—
75 Track LLC
—
Deed
related
$623,000 · Capstar Bank
Mar 23, 2021
$689,000
75 Track LLC
Timothy Kyle
Warranty Deed
$700,000 · Capstar Bank
Mar 30, 2015
—
Timothy Kyle
Kyle Timothy & Angelia
Quit Claim Deed
related
—
Aug 22, 2014
—
Timothy Kyle
—
Trustees Deed
related
$404,000 · Doug Sopha
Jul 26, 2013
$400,000
Doug Sopha
Murphy,kenneth & Louise
Warranty Deed
—
Dec 3, 2001
$265,000
Kenneth Murphy
Bivens,donald C
Grant Deed
—
—
—
Timothy Kyle
—
Loan Modification
related
$304,000 · Doug Sopha
—
—
Kyle,dennis A & Timothy|kyle,angelia
—
Deed Of Trust
related
$128,315 · Citizens Nat'l Bk
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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