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    159 Lantern Dr Lexington, NC 27295

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    For Sale
    $400,000

    Stable, income-producing mobile home park in Lexington, North Carolina.

    Lot size:
    4.37 Acres

    Property Features for 159 Lantern Dr

    General Information

    Lot size
    4.37 Acres

    Source: KW Commercial Triad Agent Jeremy Musgrave

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lexington Mobile Home Park Opportunity

    Lantern Drive Mobile Home Park offers an opportunity to acquire an income-producing asset in Lexington, North Carolina. The well-maintained community features 10 mobile home pads, each with public water service and individual septic systems. The park operates on a lot-rent-only structure, providing consistent revenue. Current lot rents average approximately $195 per month, presenting potential for increased revenue through adjustments to align with market rates of $300 to $350 per month based on nearby comparable communities.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath Food Market Grocery Store Discount Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.314895
    Latitude
    35.908565

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    FAQs

    What type of property is this?
    Mobile home & RV park - Stable, income-producing mobile home park in Lexington, North Carolina.
    Where is this mobile home & rv park located?
    The property is located at 159 Lantern Dr Lexington, NC.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Immediate potential for increased revenue by raising lot rents to market rates.; - Stable, income-producing asset in the growing Lexington, NC market.; - Lot-rent-only structure provides consistent revenue with minimal operational involvement.
    (336) 880-7825
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    159 Lantern Dr Lexington, NC 27295
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    Lexington, NC 27295
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    Realmo Value Estimation

    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.

    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.

    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
    159 Lantern Dr Lexington, NC 27295
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