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    115 Juniper Dr Marshall, NC 28753
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    115 Juniper Dr Marshall, NC 28753

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    • Mobile home & RV parks
    For Sale
    $299,000
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    Mobile Home Park Investment Opportunity For Sale
    $299,000

    Mobile Home Park Investment Opportunity

    Mobile home park with expansion potential in high-demand rental market.

    115 Juniper Drive, Marshall, NC 28753
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    Property ID
    US53-2753200
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 115 Juniper Dr

    Year built
    1973
    Property type
    Mobile home & RV parks

    Description

    $26,0000 PRICE REDUCTION!!! INVESTORS TAKE NOTICE OF THIS LONG TERM RENTAL OPPORTUNITY Western NC with LOW INVENTORY and EXTREMELY HIGH DEMAND for long term rentals! PEOPLE SIMPLY NEED MORE PLACES TO LIVE HERE! You can’t go wrong by investing in this mobile home park with opportunity for expansion. ... There are 2 singlewide units currently rented with an additional singlewide that could easily be rented with some work along with 1 lot currently rented on Juniper Drive and an additional doublewide rental on the next road, Craig Rudisill Rd. There is additional room for expansion to gain at least 1 or 2 more lot rentals. Currently there are a total of 3 home rentals and 1 lot rental being utilized. Property is intended to be sold simultaneously with MLS 4177300. These properties have a lot of potential and possibilities for additional return on your investment that are still untapped. Come check this out, and don’t miss this opportunity for a residual income for as long as you wish!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Madison
    State
    North Carolina
    Longitude
    -82.7139651
    Latitude
    35.8072368

    Comparable in this City

    • $299,000

      Mobile Home Park Investment Opportunity

      Mobile home park with expansion potential in high-demand rental market.
      115 Juniper Dr, Marshall, NC 28753
      View Details
    • $299,000

      Mobile Home Park Investment Opportunity

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      Land with Views and Utilities

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      Charming Farmhouse on Expansive Acreage

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    Similar Nearby for Sale

    • $299,000

      Mobile Home Park Investment Opportunity

      Mobile home park with expansion potential in high-demand rental market.
      115 Juniper Dr, Marshall, NC 28753
      View Details
    • $299,000

      Mobile Home Park Investment Opportunity

      Mobile home park with rental income potential in Western NC.
      47 Denny Ln, Marshall, NC 28753
      View Details
    • $150,000

      Land in Blue Ridge Foothills

      Land offering in the heart of the Blue Ridge foothills.
      Tbd Bnd Vw Dr, Marshall, NC 28753
      View Details
    • $325,000
      5.86 Acres

      Marshall, NC Commercial Investment

      High-Demand Rental Property, Great ROI
      47 Denny Ln, Marshall, NC 28753
      View Details
    • $560,000

      Land with Views and Utilities

      12.15 acre property with utilities, pasture, and creek.
      Tbd Don Felmet Rd, Marshall, NC 28753
      View Details
    • Contact for pricing

      Charming Farmhouse on Expansive Acreage

      1932 farmhouse on 35 acres with pasture and creek.
      1820 Grapevine Rd, Marshall, NC 28753
      View Details
    View Listing
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    Marshall, NC 28753
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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.

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