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Property profile & analytics
OFF-MARKET
Estimated value
$21,295,000
Mobile home & RV parks
2500 Centennial Rd, Bismarck, ND 58503-0740
Entity Owned
4-yr Hold
Free & Clear
Property ID
US56-0317495
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1970
Lot
40.68 ac (1,772,021 SF)
Zoning code
RMH
APN
0160-026-300
UPID
US56-0317495
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
-
Centennial Park Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.30M
Owner & transaction history
Centennial Park LLC · 4 yrs held
Centennial Park LLC
since 2022
Last sale
$21.0M
5 recorded transactions
Zoning & alternative use
RMH · Bismarck, ND
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 Bismarck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bismarck 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
$72,281
Tax year 2023
Assessed value
$2,781,100
Assessed 2023
Previous assessed
$2,551,450
+9.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$1,772,000
Assessed improvement
$1,009,100
Land market value
$3,544,000
Improvement market value
$2,018,200
Total market value
$5,562,200
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
Lot
40.68 ac (1,772,021 SF)
Zoning code
RMH
APN
0160-026-300
UPID
US56-0317495
Jurisdiction
BURLEIGH
Zoning & alternative use
RMH · Bismarck, ND
Zoning RMH · permitted uses
RMH · Bismarck, ND
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bismarck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Lot
40.68 ac
Current owner
From public records · entity-resolved
Centennial Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
51 W CTR ST #600, OREM, UT 84057-4605
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Centennial Park LLC
—
Deed
related
$350,000,000 · Bellwether Enterprise Real Estate Capita
Nov 14, 2022
—
Centennial Park LLC
—
Deed
related
$40,306,000 · Fannin Bank
Jun 28, 2022
$21,000,000
Centennial Park LLC
Glenda M Jennings
Special Warranty Deed
—
Jun 28, 2022
—
Glenda M Jennings
161 Commercial LLC
Deed
related
$12,000,000 · Bellwether Enterprise Real Estate C
Feb 4, 2009
—
Real Properties LLC
Kenneth Paul Breene
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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