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Property profile & analytics
OFF-MARKET
Estimated value
$5,700,000
Mobile home & RV parks
1097 State St Hemet, CA 92543-1514
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3749802
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1971
Construction
WOOD
Total area
5,804 SF
Lot
24.87 ac (1,083,337 SF)
Zoning code
RT
APN
439-040-009
UPID
US09-3749802
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
-
Desert Palms Manufactured Housing Campground & RV Park
-
1097 North State LLC Campground & RV Park
-
Ania Altit Photography Photography Service (Bike/Boat/Book/etc) Store
-
DJ JUAN RAMIREZ Nightclub Music Venue
-
Bendy's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.70M
Owner & transaction history
Building Management Services · 3 yrs held
Building Management Services
since 2023
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
RT · Hemet, CA
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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$6,145,000
ML approach
$5,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.70M
Range $5.13M – $6.27M · ±10% · vs last sale $5.65M (Apr 25 2023)
Last sale anchor
$5.65M
Apr 25 2023
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
$982 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$103,338
Tax year 2024
Assessed value
$8,659,175
Assessed 2024
Previous assessed
$8,659,175
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,751,404
Assessed improvement
$4,907,771
Applied tax rate
6.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
305
Total area
5,804 SF
Lot
24.87 ac (1,083,337 SF)
Zoning code
RT
APN
439-040-009
UPID
US09-3749802
Jurisdiction
RIVERSIDE
Zoning & alternative use
RT · Hemet, CA
Zoning RT · permitted uses
RT · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
305
Lot
24.87 ac
Current owner
From public records · entity-resolved
Building Management Services
Entity
Free & Clear · 3 yrs held
Mailing address
6331 HOLLYWOOD BLVD #1011, LOS ANGELES, CA 90028-6321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$5,650,000
Building Management Services
S2a Investments LLC
Grant Deed
—
Mar 15, 2019
—
1097 North State LLC
—
Grant Deed
related
$97,789,000 · Wells Fargo Bk
Apr 10, 2014
—
Sandra Levy
Moore,yolanda D
Quit Claim Deed
related
—
Jul 19, 2011
—
Capitol Infrastructure Cp Fund
—
Deed Of Trust
related
$75,000,000 · Unicredit Bank
Mar 27, 2006
—
1097 N State LLC
Arc Communities 18 LLC
Grant Deed
related
—
Feb 25, 2004
—
Arc Communities 18 LLC
Arc4bfnd LLC
Deed Of Trust
related
$92,147,861 · Citigroup Global Markets Realt
Sep 25, 2002
—
Arc4bfnd LLC
—
Deed Of Trust
related
$110,000,000 · Morgan Stanley Dean Witter Mtg
Jul 30, 2002
$3,604,500
Arc4bfnd LLC
Americana Mobile Ests
Grant Deed
—
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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