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Property profile & analytics
OFF-MARKET
Estimated value
$45,960,000
Golf courses & driving ranges
7847 Mockingbird Ln Paradise Valley, AZ 85253-3130
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1559387
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1970
Construction
CONCRETE
Total area
56,745 SF
Lot
158.22 ac (6,892,130 SF)
Zoning code
SUP-R
APN
174-36-188D
UPID
US07-1559387
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
$62.33M
Blend (final)
Blend
$45.96M
Owner & transaction history
FOLKMAN PROPERTIES LLC
FOLKMAN PROPERTIES LLC
Zoning & alternative use
SUP-R · Paradise Valley, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of SUP-R zone is for indoor or outdoor recreation facilities, including but not limited to swimming pools and spa or fitness facilities, tennis and other ball courts, golf courses and equestrian facilities, resort is guest units, including facilities necessary for administering and servicing the facility and on site parking
Zone name
Special Use Permit Resort
General category
OPEN_SPACE
Zone area
830.12 ac
Source
Realmo
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 Paradise Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paradise Valley 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
$45.96M
Range $41.36M – $50.56M · ±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
$810 / 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
$60,108
Tax year 2023
Assessed value
$1,737,434
Assessed 2024
Previous assessed
$1,377,244
+26.2% YoY
Effective rate
3.46%
On assessed value
Land market value
$1,904,320
Improvement market value
$9,127,006
Total market value
$11,031,326
Applied tax rate
481,100.0000
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Buildings
11
Stories
1
Units
6
Total area
56,745 SF
Lot
158.22 ac (6,892,130 SF)
Zoning code
SUP-R
APN
174-36-188D
UPID
US07-1559387
Jurisdiction
MARICOPA
Zoning & alternative use
SUP-R · Paradise Valley, AZZoning SUP-R · permitted uses
SUP-R · Paradise Valley, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of SUP-R zone is for indoor or outdoor recreation facilities, including but not limited to swimming pools and spa or fitness facilities, tennis and other ball courts, golf courses and equestrian facilities, resort is guest units, including facilities necessary for administering and servicing the facility and on site parking
Zone name
Special Use Permit Resort
General category
OPEN_SPACE
Zone area
830.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
11
Units
6
Lot
158.22 ac
Current owner
From public records · entity-resolved
FOLKMAN PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2422 E PALO VERDE DR, PHOENIX, AZ 85016-2845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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