Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    148 Mustang Dr Louisburg, NC 27549

    • Mobile home & RV parks
    • 160 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2020
    $8,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3631921
    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.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 148 Mustang Dr

    Year built
    1980
    Lot size
    0.14 lot acres
    Property size
    160 SF
    Zone code
    FCO R-30
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    21722
    APU
    21722

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.2164
    Latitude
    35.9921
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $84
    $15,000
    $0.00
    $15,000
    -
    $15,000
    $0.00
    $15,000

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      126 Chama Dr

      CAMPGROUND, RV PARK • 0.11 Acres
      126 Chama Dr, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      0.28 Acres

      123 Lightfoot Dr

      CAMPGROUND, RV PARK • 0.28 Acres
      123 Lightfoot Dr, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      0.28 Acres

      128 Crk Dr

      CAMPGROUND, RV PARK • 0.28 Acres
      128 Crk Dr, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      0.14 Acres

      107 Pointe Dr

      CAMPGROUND, RV PARK • 0.14 Acres
      107 Pointe Dr, Louisburg, NC 27549-9005
      View Details
    • Value Estimation by Request
      288 SF

      1733 Sagamore Dr

      CAMPGROUND, RV PARK • 288 SF
      1733 Sagamore Dr, Louisburg, NC 27549
      View Details
    • Value Estimation by Request
      133 SF

      102 Tomahawk Trl

      CAMPGROUND, RV PARK • 133 SF
      102 Tomahawk Trl, Louisburg, NC 27549
      View Details

    Similar Nearby for Sale

    • $79,900
      0.14 Acres

      Lake Royale Resort Lot

      Improved lot with two campers in gated Lake Royale community.
      171 Winnebago Loop, Louisburg, NC 27549
      View Details
    • $89,900
      0.14 Acres

      Lake Royale Camp Lot

      Camp lot in gated community with lake view and amenities.
      105 Big Horn Dr, Louisburg, NC 27549
      View Details
    • New
      $75,000
      0.28 Acres

      Lake Royale Weekend Retreat

      Camper with addition near Lake Royale amenities.
      108 Geronimo Dr, Louisburg, NC 27549
      View Details
    • $89,900
      0.17 Acres

      Lake Royale Waterfront Land

      Waterfront land with camper and kayaks at Lake Royale.
      1507 Sagamore Dr, Louisburg, NC 27549
      View Details
    • New
      $75,000
      0.28 Acres

      Lake Royale Weekend Retreat

      Weekend retreat near Lake Royale amenities in Louisburg, North Carolina.
      108 Geronimo Dr, Louisburg, NC 27549
      View Details
    • $36,000
      0.14 Acres

      Lake Royale Camping Lot

      Cleared camping lot with camper and utilities in Lake Royale.
      113 Red Wing Dr, Louisburg, NC 27549
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      757 SF

      Louisburg Executive Office Suite

      757 SF Office Space For Lease
      308 Bickett Blvd, Louisburg, NC 27549
      View Details
    • $19,800 /Mo
      1,800 SF

      Louisburg Executive Office Space

      1800 sq ft, updated office/retail space
      614B Bickett Blv, Louisburg, NC 27549
      View Details
    • Contact for pricing
      20,000 SF

      Louisburg Plaza Retail Space Available

      Prime Retail Strip Center, Hwy 401 & NC 56
      0 Walmart Supercenter Anchored Shopping Ctr, Louisburg, NC 27549
      View Details
    • $17 SF/Yr
      19,322 SF

      Prime Louisburg Medical Office

      19,322 SF Medical Office Building For Lease
      3521 Haworth Dr, Louisburg, NC 27549
      View Details
    • Contact for pricing
      1,980 SF

      Executive Office Suite Louisburg, NC

      Prime Louisburg Office Space - 1,980 SF
      142 Bickett Blvd, Louisburg, NC 27549
      View Details
    • Contact for pricing
      2,036 SF

      Prime Louisburg Executive Office Space

      2,036 sq ft, Single Tenant Office Available
      216 Bickett Blvd, Louisburg, NC 27549
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    148 Mustang Dr
    Louisburg, NC 27549
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.