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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Mobile home & RV parks
68555 Polk St Thermal, CA 92274-9074
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2860222
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
2009
Construction
WOOD
Total area
6,309 SF
Lot
67.55 ac (2,942,478 SF)
Zoning code
A110
APN
751-280-018
UPID
US09-2860222
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
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Empire Homes Desert · 18 yrs held
Empire Homes Desert
since 2008
7 recorded transactions
Zoning & alternative use
A110 · Thermal, 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 Thermal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thermal 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
$273 / 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
$149,085
Tax year 2024
Assessed value
$11,617,018
Assessed 2024
Previous assessed
$11,617,018
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$597,837
Assessed improvement
$11,019,181
Applied tax rate
58.0000
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
2009
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
3
Bathrooms
2
Total area
6,309 SF
Lot
67.55 ac (2,942,478 SF)
Zoning code
A110
APN
751-280-018
UPID
US09-2860222
Jurisdiction
RIVERSIDE
Zoning & alternative use
A110 · Thermal, CA
Zoning A110 · permitted uses
A110 · Thermal, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thermal. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
3
Bathrooms
2
Lot
67.55 ac
Current owner
From public records · entity-resolved
Empire Homes Desert
Individual
Mailing address
68990 HARRISON ST, THERMAL, CA 92274-9143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Feb 7, 2012
—
Empire Homes Desert
—
Deed Of Trust
related
$6,750,000 · Redevelopment Agency
Apr 29, 2008
—
Empire Homes Desert
Melkesian R Family Trust
Grant Deed
related
—
Jan 14, 2008
—
Melkesian R B Family Trust
Melkesian,robert B
Quit Claim Deed
related
—
Sep 21, 2007
—
Robert B Melkesian
Melkesian,robert B & Kahnema L
Quit Claim Deed
related
—
Oct 1, 1991
$715,500
Robert B Melkesian
Unknown
Grant Deed
—
—
—
Robert B Melkesian
—
Deed Of Trust
related
$108,150 · Farm Credit Service
—
—
Rober B Melkesian
—
Deed Of Trust
related
$78,115 · Farm Credit Svc Southern Calif
—
—
Robert B Melkesian
—
Deed Of Trust
related
$605,000 · Farm Credit Svc Southern Calif
—
—
Desert Empire Homes
—
Deed Of Trust
related
$3,000,000 · Bank Of Sthrn Ca
—
—
Robert B Melkesian
—
Deed Of Trust
related
$807,000 · Kahnema L Melkesian
—
—
Empire Homes Desert
—
Deed Of Trust
related
—
—
—
Empire Homes Desert
—
Loan Modification
related
$700,000 · American Agcredit Pca
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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