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Property profile & analytics
OFF-MARKET
Estimated value
$12,085,000
Mobile home & RV parks
725 12th St Bismarck, ND 58504-5980
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US56-0263208
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1967
Lot
19.74 ac (859,962 SF)
Zoning code
RMH
APN
0120-001-001
UPID
US56-0263208
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
-
Starcrest Terrace Campground & RV Park
-
Bis-Man Siding & Home Repair Construction Company General Contractor
-
Postal Dancing Turf Solutions Garden Center
-
Kim's Gifts, Avon (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.09M
Owner & transaction history
Starcrest Terrace Miip LLC · 4 yrs held
Starcrest Terrace Miip LLC
since 2022
Last sale
$12.4M
2 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
Method
Estimation
Statistic approach
by Request
ML approach
$11,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.09M
Range $10.88M – $13.29M · ±10% · vs last sale $12.35M (Jun 2 2022)
Last sale anchor
$12.35M
Jun 2 2022
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
$48,487
Tax year 2023
Assessed value
$1,865,600
Assessed 2023
Previous assessed
$1,711,550
+9.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$1,225,450
Assessed improvement
$640,150
Land market value
$2,450,900
Improvement market value
$1,280,300
Total market value
$3,731,200
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
1967
Lot
19.74 ac (859,962 SF)
Zoning code
RMH
APN
0120-001-001
UPID
US56-0263208
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
1967
Lot
19.74 ac
Current owner
From public records · entity-resolved
Starcrest Terrace Miip LLC
Entity
Mailing address
1450 W PEACHTREE ST NW #200, ATLANTA, GA 30309-2955
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$12,350,000
Starcrest Terrace Miip LLC
Stardust Estates LLC
Special Warranty Deed
$6,661,000 · Jii Real Estate Capitla LLC
Jun 2, 2020
—
Stardust Estates LLC
Vcz INC
Special Warranty Deed
$9,080,000 · Bellwether Enterprises Mortage Investmen
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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