Entity Owned Property summary
AI-generated overview
This property is an entertainment-oriented facility totaling 18,819 square feet and includes a bowling alley with 16 lanes. The first floor contains a restaurant, a bar, a party room, and bathrooms. The second floor includes a 1,600-square-foot party room with capacity for 75 or more people. The building is positioned along Lake Avenue and provides opportunities for exterior signage. It is located near Downtown Riverhead and Suffolk Community College.
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1992
Total area
15,819 SF
Lot
1.08 ac (47,045 SF)
Zoning code
HB
APN
0900-164.00-04.00-001.001
UPID
US63-6015262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
since 2023
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
HB · Riverhead, NY
Top alternative use upside
Industrial (general)
$2.3M
+57.3%
Commercial (general)
$2.3M
+57.0%
Office building
$1.5M
+0.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.38M
Value range
$1.24M – $1.51M
±10% around blend
Estimated value / SF
$87 / SF
Confidence
Property data
88
Comparable evidence
60
$1.24M
blend $1.38M
$1.51M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,819 SF
Lot area
1.08 ac
Year built
1992
APN
0900-164.00-04.00-001.001
Zoning
HB
Assessed value
$1,734,600
Annual tax
$22,966
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.38M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+57%
vs current-use indication
Commercial (general)
Office Building
Recreational/entertainment (general) · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.40M
Move the market yield to see immediate price impact.
Value / SF
$89
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.76M
$1.26M
$980k
$98k
$1.96M
$1.40M
$1.09M
$108k
$2.16M
$1.54M
$1.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$22,966
Tax year 2020
Assessed value
$1,734,600
Assessed 2023
Previous assessed
$1,734,600
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$519,500
Assessed improvement
$1,215,100
Land market value
$747,482
Improvement market value
$1,748,345
Total market value
$2,495,827
Applied tax rate
473,002.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
15,819 SF
Lot
1.08 ac (47,045 SF)
Zoning code
HB
APN
0900-164.00-04.00-001.001
UPID
US63-6015262
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
HB · Riverhead, NYZoning HB · permitted uses
HB · Riverhead, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Cooling
Yes
Buildings
1
Lot
1.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HB
Jurisdiction
Riverhead, NY
Recorded code
HB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Riverhead, NY.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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