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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
2038 Palm St Las Vegas, NV 89104-4830
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0505290
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1970
Construction
CONCRETE
Total area
690 SF
Lot
16.68 ac (726,581 SF)
APN
161-06-301-001
UPID
US62-0505290
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
-
Krystalized Delights Bakery Specialty Food Shop
-
Riviera Mobile Home Community Campground & RV Park
-
On The Road Diesel & Rv Mechanic LLC Auto Repair Shop
-
R & G Mobile Car Wash Car Wash
-
CARLITOS HANDYWORK LLC Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Riviera Mhc LLC · 10 yrs held
Riviera Mhc LLC
since 2015
7 recorded transactions
Zoning & alternative use
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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$34,611
Tax year 2023
Assessed value
$1,597,836
Assessed 2024
Previous assessed
$1,431,472
+11.6% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,459,500
Assessed improvement
$138,336
Land market value
$4,170,000
Improvement market value
$395,246
Total market value
$4,565,246
Applied tax rate
340.0000
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
1970
Construction
CONCRETE
Heating
NONE
Stories
1
Units
120
Total area
690 SF
Lot
16.68 ac (726,581 SF)
APN
161-06-301-001
UPID
US62-0505290
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Stories
1
Units
120
Lot
16.68 ac
Current owner
From public records · entity-resolved
Riviera Mhc LLC
Entity
Mailing address
8800 BRONX AVE, SKOKIE, IL 60077-1804
Ownership since
2015
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
May 13, 2019
—
Riviera Mhc LLC
—
Loan Modification
related
$13,900,000 · Wells Fargo Bk
Apr 5, 2018
—
Riviera Mhc LLC
—
Loan Modification
related
$13,350,000 · Wells Fargo Bk Nw NA
Aug 21, 2017
—
Riviera Mhc LLC
—
Grant Deed
related
$13,350,000 · Wells Fargo Bk
Sep 3, 2015
$14,000,000
Riviera Mhc LLC
Riviera Mhp INC
Grant Deed
related
$11,900,000 · Keybank USA
May 12, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 20, 2005
$14,850,000
Riviera Mhp INC
Jms Acquisition LLC
Deed Of Trust
$15,000,000 · Cibc INC
—
—
Riviera Mhc LLC
—
Loan Modification
related
$16,375,000 · Wells Fargo Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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