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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Mobile home & RV parks
3908 Park Ave Wilmington, NC 28403-6763
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1526644
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
2015
Total area
630 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R05518-022-015-000
UPID
US53-1526644
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
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Land Lease Carolina LLC · 5 yrs held
Land Lease Carolina LLC
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · Wilmington, NC
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$1,625,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.45M (Jan 4 2021)
Last sale anchor
$1.45M
Jan 4 2021
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
$2,476 / SF
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
$4,241
Tax year 2023
Assessed value
$501,900
Assessed 2023
Previous assessed
$501,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$85,000
Assessed improvement
$416,900
Land market value
$85,000
Improvement market value
$416,900
Total market value
$501,900
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
2015
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
630 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-10,RESIDENTIAL DISTRICT
APN
R05518-022-015-000
UPID
US53-1526644
Jurisdiction
NEW HANOVER
Zoning & alternative use
R-10,RESIDENTIAL DISTRICT · Wilmington, NCZoning R-10,RESIDENTIAL DISTRICT · permitted uses
R-10,RESIDENTIAL DISTRICT · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Land Lease Carolina LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 481, WRIGHTSVILLE BEACH, NC 28480-0481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Land Lease Carolina LLC
Allan Middleton
Grant Deed
related
—
Apr 16, 2020
$1,450,000
Allan Middleton
Khm Holdings LLC
Grant Deed
$544,000 · First Bk
Apr 16, 2020
—
Squid Properties 1 LLC
Allan Middleton
Grant Deed
related
$544,000 · First Bk
Oct 18, 2013
$223,000
Khm Holdings LLC
Padgett Barney L
Grant Deed
related
—
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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