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Property profile & analytics
OFF-MARKET
Estimated value
$7,300,000
Mobile home & RV parks
502 Lee Hy Dr Kernersville, NC 27284-2066
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3743888
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1970
Construction
CONCRETE
Total area
100 SF
Lot
18.33 ac (798,455 SF)
Zoning code
MH
APN
6886-59-3936.00
UPID
US53-3743888
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
$7.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.30M
Owner & transaction history
Whispering Brooks Estates Nc LLC · 2 yrs held
Whispering Brooks Estates Nc LLC
since 2023
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
MH · Kernersville, 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 Kernersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kernersville 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
$8,685,000
ML approach
$7,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.30M
Range $6.57M – $8.03M · ±10% · vs last sale $6.45M (Jul 20 2023)
Last sale anchor
$6.45M
Jul 20 2023
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
$73,000 / 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
$16,895
Tax year 2023
Assessed value
$1,022,900
Assessed 2024
Effective rate
1.65%
On assessed value
Assessed land
$838,400
Assessed improvement
$184,500
Land market value
$838,400
Improvement market value
$184,500
Total market value
$1,022,900
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
1970
Construction
CONCRETE
Heating
NONE
Stories
1
Units
124
Total area
100 SF
Lot
18.33 ac (798,455 SF)
Zoning code
MH
APN
6886-59-3936.00
UPID
US53-3743888
Jurisdiction
FORSYTH
Zoning & alternative use
MH · Kernersville, NC
Zoning MH · permitted uses
MH · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kernersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Stories
1
Units
124
Lot
18.33 ac
Current owner
From public records · entity-resolved
Whispering Brooks Estates Nc LLC
Entity
Free & Clear · 2 yrs held
Mailing address
221 MAIN ST UNIT #2039, LOS ALTOS, CA 94023-9051
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
$6,450,000
Whispering Brooks Estates Nc LLC
Whispering Brook Village Mhc LLC
Special Warranty Deed
—
Dec 2, 2020
—
Whispering Brook Village Mhc
—
Deed
related
$470,000 · Southern Bk
Dec 5, 2018
—
Whispering Brook Vlg Mhc LLC
Wheeling Village Mhc LLC
Grant Deed
—
Jul 14, 2017
$1,068,000
Whispering Brook Village Mhc LLC
L E Pope Building Co INC
Warranty Deed
—
Jul 14, 2017
—
Whispering Brk Village Mhc LLC
Le Pope Building Co INC
Quit Claim Deed
related
—
—
—
Whispering Brook Vlg Mhc LLC
—
Deed Of Trust
related
$250,000 · Southern Bk
—
—
Whispering Brook Village Mhc
—
Deed Of Trust
related
$470,000 · Southern Bk
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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