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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Mobile home & RV parks
560 12th St, San Miguel, CA 93451
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1750619
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1940
Construction
WOOD
Total area
4,458 SF
Lot
1.41 ac (61,419 SF)
Zoning code
RMF
APN
021-291-012
UPID
US09-1750619
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
$833k
Blend (final)
Blend
$970k
Owner & transaction history
Jason D Leggitt · 11 yrs held
Jason D Leggitt
since 2015
7 recorded transactions
Zoning & alternative use
RMF · San Miguel, CA
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 San Miguel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Miguel 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
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
$218 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,490
Tax year 2024
Assessed value
$1,178,278
Assessed 2024
Previous assessed
$1,178,278
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$942,624
Assessed improvement
$235,654
Applied tax rate
114.0000
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
Year built
1940
Construction
WOOD
Heating
NONE
Total area
4,458 SF
Lot
1.41 ac (61,419 SF)
Zoning code
RMF
APN
021-291-012
UPID
US09-1750619
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
RMF · San Miguel, CA
Zoning RMF · permitted uses
RMF · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Miguel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Jason D Leggitt
Individual
Mailing address
618 ANACAPA ST, SANTA BARBARA, CA 93101-1690
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2016
—
Jason D Leggitt
—
Deed
related
$1,135,000 · Heritage Oaks Bank
Apr 24, 2015
$1,000,000
Jason D Leggitt
Mulholland Gary
Grant Deed
$900,000 · James & Dawn Merzon
Aug 22, 2013
$167,000
Gary Mulholland
Pumpkin Trust
Grant Deed
$900,000 · James & Dawn Merzon
Mar 3, 2010
—
Pumpkin Trust
Merzon,james B & Dawn M
Quit Claim Deed
related
—
Aug 26, 2005
$1,600,000
Jim B Merzon
Beery Sharon 1998 Trust
Grant Deed
$950,000 · Coast National Bank
Feb 18, 2005
$1,195,000
Beery Sharon 1998 Trust
Stuart 1994 Family Trust
Grant Deed
$1,215,500 · Coast National Bank
Jan 24, 2005
—
Stuart 1994 Family Trust
Pettit,brenda
Quit Claim Deed
related
—
Aug 27, 2004
—
Brenda Pettit
Stuart 1994 Family Trust
Quit Claim Deed
related
—
Dec 3, 2001
$950,000
Stuart Trust
560 12th Street Investments
Grant Deed
$300,000 · 560 12th Street Investments
May 7, 1991
$84,500
560,12th St Inv
Danhil,inv
Trustees Deed
related
$2,650,000 · Freedom Fed S&l
Oct 6, 1989
$128,000
James D Clancy
Davis,gloria M
Trustees Deed
related
$154,704 · Dopp James W JR
Oct 6, 1989
$285,000
Ronald A Hilford
Clancy,james D
Trustees Deed
related
—
—
—
560 12th Street Investment
—
Deed Of Trust
related
$35,000 · Individual
—
—
Ronald A Hilford
—
Deed Of Trust
related
—
—
—
Jim B Merzon
—
Deed Of Trust
related
$900,000 · Heritage Oaks Bank
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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