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Property profile & analytics
OFF-MARKET
Estimated value
$85,370,000
Mobile home & RV parks
1950 Dunlap Ave, Phoenix, AZ 85021
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1019710
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1914
Total area
6,091 SF
Lot
6.1 ac (265,681 SF)
Zoning code
C-2
APN
149-11-012R
UPID
US07-1019710
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$85.37M
Owner & transaction history
Royal Palm Owner LLC · 4 yrs held
Royal Palm Owner LLC
since 2022
Last sale
$84.5M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$87,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$85.37M
Range $76.83M – $93.91M · ±10% · vs last sale $84.50M (Jun 29 2022)
Last sale anchor
$84.50M
Jun 29 2022
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
$14,016 / 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
$4,093
Tax year 2023
Assessed value
$171,790
Assessed 2024
Previous assessed
$113,910
+50.8% YoY
Effective rate
2.38%
On assessed value
Land market value
$1,717,900
Total market value
$1,717,900
Applied tax rate
61,300.0000
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
1914
Heating
NONE
Total area
6,091 SF
Lot
6.1 ac (265,681 SF)
Zoning code
C-2
APN
149-11-012R
UPID
US07-1019710
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1914
Heating
NONE
Lot
6.1 ac
Current owner
From public records · entity-resolved
Royal Palm Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
17TH 22ND ST STE #220, OAKBROOK TERRACE, IL 60181-4477
Ownership since
2022
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
Oct 31, 2025
—
Royal Palm Owner L L C
—
Deed
related
$110,550,000 · Us Bank NA
Jun 29, 2022
$84,500,000
Royal Palm Owner LLC
Royal Palm Mhc LLC
Special Warranty Deed
—
Apr 17, 1998
$1,112,500
Royal Palm Mhc LLC
Roles Trust
Grant Deed
$9,100,000 · Heller Financial
Nov 17, 1997
—
Ptr Development Services INC
Roles Trust
Trustees Deed
related
—
Nov 25, 1996
$5,218,966
Homestead Village INC
Wilmax Company L L C
Grant Deed
$142,042 · Security Capital Pacific Trust
Jul 28, 1995
$1,061,980
Wilmax Development Co L L C
Ptr Development Services
Grant Deed
$5,028,217
Apr 17, 1995
$914,760
P T R Development Services INC
Roles
Grant Deed
$1,022,760
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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