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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Mobile home & RV parks
51 Ml Crk Dr Prospect, OR 97536-9728
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0088918
Property summary
AI-generated overview
This thriving restaurant presents a fantastic business opportunity in the picturesque town of Prospect, Oregon. Situated on Mill Creek Drive, its convenient highway location makes it an ideal stop for travelers and locals alike. The restaurant boasts a fun and popular menu, having established itself as a community favorite. All kitchen and commercial appliances are included and are in excellent, newer condition, minimizing upfront investment costs. The current lease is highly affordable, providing a significant advantage for the new owner. The sale is contingent upon landlord approval of the prospective buyer. This is a turnkey operation, perfect for an experienced restaurateur looking to acquire an already successful business. The sale includes only the business itself
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Total area
6,624 SF
Lot
8.4 ac (365,904 SF)
Zoning code
RS
APN
1-0513229
UPID
US71-0088918
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
-
Mountain Village Campground & RV Park
-
The Ridgeback Cares Dog Walker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
Merritt Family LLC · 5 yrs held
Merritt Family LLC
since 2021
7 recorded transactions
Zoning & alternative use
RS · Prospect, OR
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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
$688 / 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
$6,965
Tax year 2023
Assessed value
$766,850
Assessed 2023
Previous assessed
$744,520
+3.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$320,780
Assessed improvement
$446,070
Land market value
$796,430
Improvement market value
$1,111,170
Total market value
$1,907,600
Applied tax rate
5,902.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Bathrooms
2
Total area
6,624 SF
Lot
8.4 ac (365,904 SF)
Zoning code
RS
APN
1-0513229
UPID
US71-0088918
Jurisdiction
JACKSON
Zoning & alternative use
RS · Prospect, OR
Zoning RS · permitted uses
RS · Prospect, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prospect. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Bathrooms
2
Lot
8.4 ac
Current owner
From public records · entity-resolved
Merritt Family LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9550 SLEEPY HOLW DR, MELBA, ID 83641-4197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
Merritt Family LLC
Mountain Village Development LLC
Warranty Deed
—
Jul 23, 2019
—
Mountain Village Dev LLC
Keeler Creek LLC
Correction Deed
—
Jul 19, 2019
—
Mountain Village Dev LLC
Keller Creek LLC
Grant Deed
—
May 2, 2016
—
Keeler Creek LLC
Wilkening Living Trust
Warranty Deed
—
Sep 30, 2005
$700,000
Wilkening Trust
Wood,gary L & Cristina C
Warranty Deed
—
Jan 8, 2003
$595,000
Garry L Wood
Ellis,john G
Grant Deed
$495,000 · John G Ellis
Dec 31, 1992
$302,640
Gary A Antoine
Antoine,gary A
Grant Deed
related
—
Mar 29, 1991
$10,000
Gary A Antoine
Antoine,gary
Grant Deed
related
—
Jun 28, 1990
—
Gary Antoine
Antoine,gary
Grant Deed
related
—
Apr 20, 1988
$345,000
Gary Antoine
Antoine,gary
Grant Deed
related
—
Jan 20, 1987
$291,500
Antoine,gary
Biden,louis
Grant Deed
related
—
Jul 11, 1986
$291,500
Biden,louis
Biden,louis
Grant 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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