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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Mobile home & RV parks
1500 Cherry Laurel Dr, Raleigh, NC 27603-4849
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1821729
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1930
Lot
21.75 ac (947,430 SF)
Zoning code
R-40W
APN
0790.01-16-3069 0063283
UPID
US53-1821729
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
$3.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Fg Communities At Raleigh Lake Whee · 1 yrs held
Fg Communities At Raleigh Lake Whee
since 2024
5 recorded transactions
Zoning & alternative use
R-40W · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$3,660,000
ML approach
$3,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10%
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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,494
Tax year 2023
Assessed value
$1,730,638
Assessed 2023
Previous assessed
$1,730,638
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,064,278
Assessed improvement
$666,360
Land market value
$1,064,278
Improvement market value
$666,360
Total market value
$1,730,638
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
Year built
1930
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Lot
21.75 ac (947,430 SF)
Zoning code
R-40W
APN
0790.01-16-3069 0063283
UPID
US53-1821729
Jurisdiction
WAKE
Zoning & alternative use
R-40W · Raleigh, NC
Zoning R-40W · permitted uses
R-40W · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Lot
21.75 ac
Current owner
From public records · entity-resolved
Fg Communities At Raleigh Lake Whee
Individual
Mailing address
2709 BELMONT VW LOOP STE #204, CARY, NC 27519-7725
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Fg Communities At Raleigh Lake Whee
Jays Lake Wheeler Properties LLC
Warranty Deed
—
Aug 9, 2023
—
Jays Lake Wheeler Properties LLC
Lake Wheeler Mobile Estates LLC
Correction Deed
related
—
May 5, 2023
$3,800,000
Jays Lake Wheeler Properties LLC
Lake Wheeler Mobile Estates LLC
Special Warranty Deed
$2,900,000 · Lake Wheele Mobile Estate LLC
Apr 7, 2004
—
Lake Wheeler Mobile Estate
Denning,joseph M JR & Wanda W
Deed Of Trust
related
—
—
—
Lake Wheeler Mobile Estates Ll
—
Deed Of Trust
related
$600,000 · New Century Bank
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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