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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Mobile home & RV parks
2495 Hl Ave Decatur, IL 62526-1583
Entity Owned
~
Est. High Equity
Property ID
US28-3716449
Property summary
AI-generated overview
This exceptional value-add opportunity presents a 17.25-acre mobile home park in Decatur, Illinois, at 2495 N Hill Ave. The property boasts 18 pads, currently housing 8 mobile homes, generating a net operating income (NOI) of $17,813. This translates to a strong cash flow with significant upside potential. The substantial lot size offers ample room for expansion, allowing for the addition of more mobile homes to maximize rental income. Existing utilities are in place, simplifying any improvements or additions. The park's location in Decatur provides convenient access to major roadways and local amenities, catering to the demand for affordable housing in a densely populated area. This property is an ideal investment for those seeking a hands-on project with considerable growth potential. The asking price is $275,000. The property's parcel number is 04-12-04-278-001. The property is classified as Class D.
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
17.25 ac (751,410 SF)
Zoning code
MUNICIPAL
APN
04-12-04-278-001
UPID
US28-3716449
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Miramar Investment Group LLC
Miramar Investment Group LLC
since 2026
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
MUNICIPAL · Decatur, IL
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (May 24 2024)
Last sale anchor
$800k
May 24 2024
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
—
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
$2,587
Tax year 2023
Assessed value
$25,998
Assessed 2023
Previous assessed
$25,998
+0.0% YoY
Effective rate
9.95%
On assessed value
Assessed land
$24,638
Assessed improvement
$1,360
Land market value
$73,921
Improvement market value
$4,080
Total market value
$78,001
Applied tax rate
4,055.0000
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
Lot
17.25 ac (751,410 SF)
Zoning code
MUNICIPAL
APN
04-12-04-278-001
UPID
US28-3716449
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, ILZoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance PDF
Building & site characteristics
From public records
Lot
17.25 ac
Current owner
From public records · entity-resolved
Miramar Investment Group LLC
Entity
Mailing address
PO BOX 71, KENTLAND, IN 47951-0071
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
$175,000
Miramar Investment Group LLC
Macon Parks LLC
Warranty Deed
$131,250 · Macon Parks LLC
May 24, 2024
$800,000
Macon Parks LLC
Brandon Lockhart
Warranty Deed
—
Apr 29, 2024
—
Brandon Lockhart
Macon County Rental LLC
Quit Claim Deed
related
—
Dec 20, 2018
$54,000
Lockhart Real Estate LLC
Eric Hintersteiner
Warranty Deed
$120,000 · First Bank & Trust
Jan 12, 2009
$100,000
Eric Hintersteiner
Theresa J Robinson
Warranty Deed
—
Jan 12, 2009
—
Eric Hintersteiner
Eric Hintersteiner
Intrafamily Transfer
related
$83,891 · First Mid Illinois Bank & Trust NA
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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