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Property profile & analytics
OFF-MARKET
Bowling alleys
648 Elm Ave Erwin, TN 37650-1004
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1745068
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1956
Total area
4,415 SF
Lot
122 ac (5,314,320 SF)
Zoning code
R-2
APN
086031G A 05700
UPID
US80-1745068
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
-
Calvary Cares Mission Charitable Organization Social Service Agency
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
FRANK T WEGMAN
FRANK T WEGMAN
Zoning & alternative use
R-2 · Erwin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
246.64 ac
Source
Realmo
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 Erwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erwin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$15,400
Assessed 2023
Previous assessed
$15,400
+0.0% YoY
Assessed land
$3,840
Assessed improvement
$11,560
Land market value
$9,600
Improvement market value
$28,900
Total market value
$38,500
Applied tax rate
86.0000
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
1956
Heating
YES
Stories
1
Units
1
Bathrooms
3
Total area
4,415 SF
Lot
122 ac (5,314,320 SF)
Zoning code
R-2
APN
086031G A 05700
UPID
US80-1745068
Jurisdiction
UNICOI
Zoning & alternative use
R-2 · Erwin, TNZoning R-2 · permitted uses
R-2 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
246.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Heating
YES
Stories
1
Units
1
Bathrooms
3
Lot
122 ac
Current owner
From public records · entity-resolved
FRANK T WEGMAN
Individual
Free & Clear · 0 yrs held
Mailing address
907 CHESTNUT AVE, ERWIN, TN 37650-1467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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