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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Mobile home & RV parks
1121 244th SW St Bothell, WA 98021-8556
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0755447
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1975
Construction
WOOD
Total area
2,133 SF
Lot
10.37 ac (451,717 SF)
Zoning code
PRD8400
APN
27043600303400
UPID
US90-0755447
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
-
The Pointe at Lockwood 55+ Community Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Cpi Lockwood Village Owner LLC · 6 yrs held
Cpi Lockwood Village Owner LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PRD8400 · Bothell, WA
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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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
$2,010,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.56M (Jun 12 2020)
Last sale anchor
$1.56M
Jun 12 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
$813 / 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
$76,978
Tax year 2023
Assessed value
$8,500,000
Assessed 2023
Previous assessed
$7,949,000
+6.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$4,543,800
Assessed improvement
$3,956,200
Land market value
$4,543,800
Improvement market value
$3,956,200
Total market value
$8,500,000
Applied tax rate
4,117.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1975
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,133 SF
Lot
10.37 ac (451,717 SF)
Zoning code
PRD8400
APN
27043600303400
UPID
US90-0755447
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PRD8400 · Bothell, WAZoning PRD8400 · permitted uses
PRD8400 · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.37 ac
Current owner
From public records · entity-resolved
Cpi Lockwood Village Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1001 PENNSYLVANIA AVE NW STE #220, WASHINGTON, DC 20004-2525
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Cpi Lockwood Village Owner LLC
—
Deed
related
$6,000,000 · Western Southern Life Assurance Company
Jun 12, 2020
$1,555,812
Cpi Lockwood Village Owner LLC
Henrikson Family Trust
Grant Deed
—
Jun 12, 2020
$1,037,416
Cpi Lockwood Village Owner LLC
David Bratz
Grant Deed
—
Jun 12, 2020
$2,592,606
Cpilock Wood Village Owner LLC
Lockwood Vlg Mobile Hm Pk LLC
Grant Deed
related
—
Jun 11, 2020
—
Douglas A Bratz
Lockwood Vlg Mobile Hm Pk LLC
Quit Claim Deed
related
—
Sep 16, 2010
—
Lockwood Vlg Mobile Hm Pk LLC
Wilson,howard O & Donita E
Quit Claim Deed
related
—
Feb 27, 2009
—
Bratz J M Testamentary Trust
Bratz,louis E JR
Quit Claim Deed
related
—
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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