New search
Property profile & analytics
OFF-MARKET
Mobile home & RV parks
28 Strickland Ln 35, Youngsville, NC 27596-7107
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2042308
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
5.44 ac (236,966 SF)
Zoning code
FCO R-30
APN
3788
UPID
US53-2042308
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elite Mutual Investments INC · 3 yrs held
Elite Mutual Investments INC
since 2023
Last sale
$339,000
5 recorded transactions
Zoning & alternative use
FCO R-30 · Youngsville, 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 Youngsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Youngsville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,032
Tax year 2024
Assessed value
$174,080
Assessed 2024
Previous assessed
$76,960
+126.2% YoY
Effective rate
0.59%
On assessed value
Assessed land
$106,460
Assessed improvement
$67,620
Land market value
$106,460
Improvement market value
$67,620
Total market value
$174,080
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Cooling
YES
Lot
5.44 ac (236,966 SF)
Zoning code
FCO R-30
APN
3788
UPID
US53-2042308
Jurisdiction
FRANKLIN
Zoning & alternative use
FCO R-30 · Youngsville, NC
Zoning FCO R-30 · permitted uses
FCO R-30 · Youngsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Youngsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Lot
5.44 ac
Current owner
From public records · entity-resolved
Elite Mutual Investments INC
Entity
Free & Clear · 3 yrs held
Mailing address
100 S SMITHFIELD RD, KNIGHTDALE, NC 27545-7781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 21, 2023
$339,000
Elite Mutual Investments INC
Mahendrakumar Patel
Warranty Deed
—
Apr 1, 2021
—
Land Reserve Holdings LLC
—
Deed
related
$1,609,200 · Farm Credit Svcs
Jan 5, 2016
$110,000
Land Reserve Holdings LLC
Cathy H Ridlehoover
Warranty Deed
$75,000 · Agcarolina Financial Aca
Feb 21, 2006
$27,000
Joe N Ridlehoover
Ridlehoover,luther N
Warranty Deed
related
—
—
—
Land Reserve Holdings LLC
—
Loan Modification
related
$1,609,200 · Farm Credit Svcs
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 28 Strickland Ln, Unit 35?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
