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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Mobile home & RV parks
136 Gloria Dawn Rd Morehead City, NC 28557-8430
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2698320
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
3.7 ac (161,172 SF)
Zoning code
R15
APN
6366.01.37.3835000
UPID
US53-2698320
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
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Happy Gardens LLC · 4 yrs held
Happy Gardens LLC
since 2022
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
R15 · Morehead City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to allow single-family dwellings at a density of up to 2.5 units per acre on minimum 15000 square foot lots, while preserving residential character and preventing blight or slum conditions
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
423.10 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 Morehead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morehead City 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
$515,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Apr 7 2022)
Last sale anchor
$500k
Apr 7 2022
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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,477
Tax year 2022
Assessed value
$303,528
Assessed 2024
Previous assessed
$303,528
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$222,000
Assessed improvement
$81,528
Land market value
$222,000
Improvement market value
$81,528
Total market value
$303,528
Applied tax rate
30.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Heating
NONE
Lot
3.7 ac (161,172 SF)
Zoning code
R15
APN
6366.01.37.3835000
UPID
US53-2698320
Jurisdiction
CARTERET
Zoning & alternative use
R15 · Morehead City, NCZoning R15 · permitted uses
R15 · Morehead City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to allow single-family dwellings at a density of up to 2.5 units per acre on minimum 15000 square foot lots, while preserving residential character and preventing blight or slum conditions
Zone name
Single Family Residential District
General category
RESIDENTIAL
Zone area
423.10 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
3.7 ac
Current owner
From public records · entity-resolved
Happy Gardens LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 607, MOREHEAD CITY, NC 28557-0607
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$500,000
Happy Gardens LLC
James H Sloan
Warranty Deed
—
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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