Nine-Home Mobile Home
New
For Sale
$535,000
4624 Buff Park Rd, Maiden, NC 28650
Seven residences are occupied, while two homes remain unfinished for rehabilitation.
Property Size4,500 SF
Price / SF$118.89
Days on Market5
Property Features for 4624 Buff Park Rd
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Residential Income
Listing Agency:
EXP Realty LLC Mooresville
(336) 398-3824
Listed By:
Stephen Pierce
(704) 315-8732
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC Mooresville
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Investment Insights
Based on property information with market context.
This mobile home community in Maiden, North Carolina, comprises nine homes. Seven are occupied by long-term tenants; homes #1 and #3 are vacant and stripped to the studs, leaving two renovation projects within the community. A projected cap rate of about 12.5% assumes operating expenses of 35% and excludes the cost to complete those homes.
Maiden is near employers including GKN Driveline, McCreary Modern, and Apple’s data center. The property is about 20 minutes from Hickory via US-321 and roughly 20 minutes from Lake Norman and Denver via NC-16. Charlotte and CLT airport are approximately 45 minutes away.
Maiden is near employers including GKN Driveline, McCreary Modern, and Apple’s data center. The property is about 20 minutes from Hickory via US-321 and roughly 20 minutes from Lake Norman and Denver via NC-16. Charlotte and CLT airport are approximately 45 minutes away.
Key Highlights
- Nine homes in the community
- Seven homes occupied by long‑term tenants
- Homes #1 and #3 are vacant and stripped to the studs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,769
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,380
$755.4K
Cap Rate 7%
$539,557
$539.6K
Cap Rate 9%
$419,656
$419.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$72.9K $16.20/SF
− Vacancy
−$4.2K −$0.94/SF
EGI
$68.7K $15.26/SF
− OpEx
−$30.9K −$6.87/SF
NOI
$37.8K $8.39/SF
Area
Catawba County, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,380
Cap Rate 7%
$539,557
Cap Rate 9%
$419,656
Alternative Uses
Best Use
Apartment 5plus
$539.6K
$472.1K – $629.5K
NOI $37,769 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,016 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
Demographics for 28650, NC
12,982
Population
5,390
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
48.6 sq mi
ZIP Area
267
Density / Sq Mi
$71,784
Median Household Income
$46,810
Median Earnings
$793
Median Rent
$209,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Seven residences are occupied, while two homes remain unfinished for rehabilitation.
Where is this mobile home & rv park located?
The property is located at 4624 Buff Park Rd Maiden, NC.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Nine homes in the community; Seven homes occupied by long‑term tenants; Homes #1 and #3 are vacant and stripped to the studs
