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    150 Golden Oaks Ln Ellenboro, NC 28080

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    Sponsored
    For Sale
    $150,000

    COMMERCIAL - Ellenboro, NC

    Days on Market:
    6
    Last Refresh:
    Mar 27 at 3:06 am

    Property Features for 150 Golden Oaks Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 7
    Bathrooms
    7
    Parking
    8
    Parking features
    Driveway

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Angelia Peterson
    Angelia Peterson

    Asheworth Group WNC Real Estate LLC

    Listing agent Angelia Peterson

    Listing date Mar 22, 2026

    MLS# 4360322

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Four Manufactured Homes Investment Opportunity

    This investment opportunity features four manufactured homes located in the Golden Oaks Community of Ellenboro, North Carolina. The addresses are 150, 197, 201, and 202 Golden Oaks Lane. The community operates as a land lease, and the purchase includes the four homes, not the land. Three homes are currently generating income, with one recently renovated and ready for occupancy, presenting immediate upside potential. The property breakdown includes: 150 Golden Oaks, a 1994 Horton doublewide with 3 bedrooms and 2 bathrooms, currently rented month-to-month for $1,000 per month; 197 Golden Oaks, a 1997 Oakwood singlewide with 3 bedrooms and 2 bathrooms, currently leased to a tenant for $1,100 per month; 201 Golden Oaks, a renovated singlewide with 2 bedrooms and 1 bathroom, with an updated kitchen, bath, flooring, and paint, currently vacant with a projected rent of $800-$900 per month; and 202 Golden Oaks, a 1995 Oakwood singlewide with 2 bedrooms and 2 bathrooms, currently rented month-to-month for $950 per month, which includes water. Tenants reimburse water and are responsible for yard maintenance and general upkeep. The land lease is $330 per month per home, totaling $1,320 per month. The homes may remain in place, subject to completing a lease application, or be relocated. The current income from the three occupied units is $3,050 per month, or $36,600 per year. The stabilized income with all four units rented is projected to be $3,850-$3,950 per month, or $46,200-$47,400 per year. The annual lot rent is $15,840 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellenboro
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.75470993
    Latitude
    35.31749688

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    FAQs

    What type of property is this?
    Mobile home & RV park - Four manufactured homes in Ellenboro, NC, with income potential.
    Where is this mobile home & rv park located?
    The property is located at 150 Golden Oaks Ln Ellenboro, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Investment opportunity: Four manufactured homes included in purchase.; - Three homes are currently income-producing with strong rental history.; - **Recently renovated unit offers immediate upside potential with projected rent of $800-$900/month.**
    (828) 575-3813
    Request Owner's contact information
    150 Golden Oaks Ln Ellenboro, NC 28080
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    Ellenboro, NC 28080
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Golden Oaks Ln Ellenboro, NC 28080
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    We can help!
    Listing Contact
    Angelia Peterson
    Angelia Peterson
    Real Estate License ID: 286024
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