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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Bowling alleys
845 Westfield Rd Noblesville, IN 46062-8901
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0847169
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
38,130 SF
Lot
3.9 ac (169,884 SF)
APN
29-06-36-000-017.001-013
UPID
US31-0847169
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
-
Big Dawg Axe Throwing & Pizza Restaurant
-
Strikes 300 Pro Shop inside Bowl 32 (Bike/Boat/Book/etc) Store Bowling Alley
-
L&M Gardens Garden Center Landscaping
-
ATM Money Order Service Atm
-
Towings Service Fishers Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
George N Pappas · 8 yrs held
George N Pappas
since 2018
5 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 Noblesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Noblesville 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
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$31 / 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
$56,125
Tax year 2023
Assessed value
$2,077,100
Assessed 2023
Previous assessed
$2,077,100
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$657,500
Assessed improvement
$1,419,600
Land market value
$657,500
Improvement market value
$1,419,600
Total market value
$2,077,100
Applied tax rate
13.0000
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
38,130 SF
Lot
3.9 ac (169,884 SF)
APN
29-06-36-000-017.001-013
UPID
US31-0847169
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
George N Pappas
Individual
Free & Clear · 8 yrs held
Mailing address
1320 BAYSWATER LN, CICERO, IN 46034-9638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2018
—
George N Pappas
Dsb32 INC
Quit Claim Deed
related
—
Feb 12, 2018
—
Dsb32 INC
—
Loan Modification
related
$1,350,000 · Security Fsb
Aug 13, 2015
—
Dsb32 INC
Coopers Sport Bowl INC
Warranty Deed
$2,521,800 · Security Fsb
Oct 9, 2006
—
Coopers Sport Bowl INC
Coopers Sport Bowl INC
Quit Claim Deed
$2,100,000 · Madison Community Bank
—
—
Coopers Sport Bowl INC
—
Loan Modification
related
$2,100,000 · First Merchants Bk Central In
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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