Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Mobile home & RV parks
11111 Bitterwater Rd Santa Margarita, CA 93453-9700
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5584308
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
1,760 SF
Lot
42.2 ac (1,838,232 SF)
Zoning code
AG
APN
072-311-005
UPID
US09-5584308
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$665k
Owner & transaction history
Cal Ag Land Holding LLC · 4 yrs held
Cal Ag Land Holding LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
AG · Santa Margarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+51.9%
Auto repair, garage
$805,000
+45.6%
Commercial (general)
$800,000
+44.7%
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 Santa Margarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Margarita 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
$745,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MOBILE HOME PARK, TRAILER PARK
$550,000
Current use
OFFICE BUILDING
$840,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $650k (Oct 25 2021)
Last sale anchor
$650k
Oct 25 2021
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
$378 / 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
$7,826
Tax year 2024
Assessed value
$704,260
Assessed 2024
Previous assessed
$704,260
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$496,180
Assessed improvement
$208,080
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Rooms
10
Total area
1,760 SF
Lot
42.2 ac (1,838,232 SF)
Zoning code
AG
APN
072-311-005
UPID
US09-5584308
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
AG · Santa Margarita, CAZoning AG · permitted uses
AG · Santa Margarita, CA
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
MOBILE HOME PARK, TRAILER PARK Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$800,000
MEDICAL BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$570,000
MOBILE HOME PARK, TRAILER PARK Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Rooms
10
Lot
42.2 ac
Current owner
From public records · entity-resolved
Cal Ag Land Holding LLC
Entity
Mailing address
340 S LEMON AVE #2670, WALNUT, CA 91789-2706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
—
Cal Ag Land Holding LLC
—
Deed
related
$350,000 · Gregory Chansky
Oct 25, 2021
$650,000
Cal Ag Land Holding LLC
Ryan Lovejoy
Grant Deed
—
Mar 21, 2018
$479,000
Ryan Lovejoy
Haynes,william L
Grant Deed
$300,000 · Lahr Mark D Trust (pt)
Aug 29, 2012
—
William L Haynes
Kelly L Haynes
Intrafamily Transfer
related
$147,000 · Sesloc FCU
Mar 12, 2004
$160,000
William L Haynes
Croathwaite,angel J & Ruby L
Grant Deed
$128,000 · Angel J & Ruby L Croathwaite
Apr 5, 2001
$80,000
Angel J Crosthwite
Phillips Trust
Grant Deed
$80,290 · Freese Trust
—
—
William L Haynes
—
Deed Of Trust
related
$140,000 · Sesloc FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11111 Bitterwater Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
