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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Bowling alleys
920 Southwood Blvd Incline Village, NV 89451-7413
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0324131
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1966
Construction
WOOD
Total area
16,500 SF
Lot
1.18 ac (51,401 SF)
Zoning code
TA_IVC
APN
132-232-08
UPID
US62-0324131
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
-
Bowl Incline Restaurant
-
Sam Choy's Ohana Diner Restaurant
-
Lane 17 Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
920 Southwood Blvd LLC · 5 yrs held
920 Southwood Blvd LLC
since 2020
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
TA_IVC · Incline Village, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.4M
+222.1%
Restaurant
$3.1M
+81.6%
Office building
$3.0M
+75.6%
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 Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village 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
$3,720,000
ML approach
$3,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,425,000
Change: +222% · Conversion: Difficult
RESTAURANT
$3,055,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$2,955,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±10% · vs last sale $3.35M (Nov 9 2020)
Last sale anchor
$3.35M
Nov 9 2020
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
$225 / 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
$23,120
Tax year 2023
Assessed value
$897,935
Assessed 2023
Previous assessed
$771,352
+16.4% YoY
Effective rate
2.57%
On assessed value
Assessed land
$251,782
Assessed improvement
$646,153
Land market value
$719,376
Improvement market value
$1,846,152
Total market value
$2,565,528
Applied tax rate
5,200.0000
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
1966
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
16,500 SF
Lot
1.18 ac (51,401 SF)
Zoning code
TA_IVC
APN
132-232-08
UPID
US62-0324131
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NVZoning TA_IVC · permitted uses
TA_IVC · Incline Village, NV
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
RESTAURANT
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE 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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
920 Southwood Blvd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
985 FAIRWAY BLVD #4336, INCLINE VILLAGE, NV 89451-9006
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
$3,350,000
920 Southwood Blvd LLC
Waldman Investments INC
Grant Deed
—
Jun 30, 1988
$500,000
Waldman Investments INC
Unknown
Grant Deed
—
—
—
Waldman Investments INC
—
Deed Of Trust
related
$125,000 · Wells Fargo Bank Nevada
—
—
Waldman Investments INC
—
Deed Of Trust
related
$709,045 · Nevada Banking Co
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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