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    Property profile & analytics

    977 Hwy 25th 70 Newport, TN 37821-8047

    • Bowling alleys
    • 10,956 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US80-2092615
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Victory Lanes / Bowling Alley / Sports Complex

    Property Details for 977 Hwy 25th 70

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.90 lot acres
    Property size
    10,956 SF
    Property type
    Bowling alleys
    APN
    015046 12900
    APU
    1504612900

    Description

    Exceptional investment opportunity: Victory Lanes, a well-established bowling alley in Newport, Tennessee, is available for purchase at $919,900. This 10,716 square foot facility boasts 12 lanes, ample entertainment options including air hockey, video games, and vending machines, and established bowling leagues, ensuring a consistent revenue stream. The property sits on a 1.9-acre lot with over 50 paved parking spaces and 247 feet of highway frontage, providing excellent visibility and accessibility off I-40. A significant advantage is the inclusion of a separate one-bedroom, one-bathroom apartment with potential for expansion to two bedrooms. This apartment features a microwave, range, and washer/dryer hookups, offering additional income potential through rental or owner occupancy. The building also features great storage space. The roof is approximately 10 years old. The property generates a Net Operating Income (NOI) of $100,000, resulting in a compelling 10.87% capitalization rate. This turnkey operation comes complete with everything needed to continue its successful operation as a bowling alley, or offers significant potential for redevelopment. The property is zoned for special purpose use.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $235,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $210,000
      Mixed-Use
      $235,000
      Hospitality
      $215,000
      Educational
      $190,000
      Residential Income
      $220,000
      Energy
      $230,000
      Income-Based Land
      $205,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.2365
    Latitude
    35.9727
    CBSA code
    35460
    CBSA name
    NEWPORT, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,654
    $82,120
    $60,600
    $142,720
    -
    $205,300
    $151,500
    $356,800

    Comparable in this City

    • Value Estimation
      $605,000
      10,504 SF

      1220 Golf Crse Rd

      BOWLING ALLEY • 10,504 SF
      1220 Golf Crse Rd, Newport, TN 37821-7110
      View Details
    • Value Estimation
      $1,700,000
      14,034 SF

      424 Heritage Blvd

      THEATER (MOVIE) • 14,034 SF
      424 Heritage Blvd, Newport, TN 37821-4204
      View Details
    • Value Estimation by Request
      5.00 Acres

      6 Corn Hollow Rd

      Land • 5.00 Acres
      6 Corn Hollow Rd, Newport, TN 37821
      View Details
    • Value Estimation by Request
      13.14 Acres

      1271 Sweetwater Rd

      Farms • 768 SF
      1271 Sweetwater Rd, Newport, TN 37821
      View Details
    • Value Estimation by Request
      5.00 Acres

      7 Corn Hollow Rd

      Land • 5.00 Acres
      7 Corn Hollow Rd, Newport, TN 37821
      View Details
    • Value Estimation by Request
      80.00 Acres

      Jayce Way

      MOBILE HOME PARK, TRAILER PARK • 80.00 Acres
      Jayce Way, Newport, TN 37821
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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    977 Hwy 25th 70
    Newport, TN 37821-8047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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