Property profile

499 Oakland Dr Oakland, MD 21550

FOR SALE
Bowling alleys
Property ID
US40-1173952
15,000 SF 1.37 ac lot Built 1972
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

The Alley is a 15,000 sq ft indoor entertainment facility in Oakland featuring a 12-lane bowling complex. The bowling area includes upgraded lanes and bowling system components, and the property received a comprehensive renovation in 2014 that encompassed new heating and cooling systems, installation of a fire protection sprinkler system, lane upgrades, and replacement of pinsetting equipment with Brunswick GS-X pin setting machines. The facility is equipped with lane scoring and interactive bowling technology, including a Vector Pus scoring system, a Cosmic Bowling System from Omnisistem, and a Clutch interactive bowling system with lane graphics, along with an advanced POS system for sales and inventory tracking. Supporting use areas include an arcade with a token machine and games, pool tables, and shuffleboard, as well as a separate meeting area with lockers for individual storage. There is a full-service kitchen with large walk-in refrigeration and freezer storage, and an individual office space with monitoring and video monitoring systems. The interior layout also includes a lounge area suitable for group gatherings, and the property has historically supported year-round organized leagues.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1972
Construction BRICK
Total area 15,000 SF
Lot 1.37 ac (59,677 SF)
APN 16-007838
UPID US40-1173952

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

499 Oakland Dr Oakland, MD 21550
Oakland metro Census 700
Google Maps

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

since 2014
3 recorded transactions
2014
$250,000
2012
$425,000
2003
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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