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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Mobile home & RV parks
5936 Market St, Wilmington, NC 28405-3975
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0188030
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1974
Construction
WOOD FRAME
Total area
881 SF
Lot
8.37 ac (364,597 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05006-004-013-000
UPID
US53-0188030
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
$2.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Latham Family Holdings LLC · 1 yrs held
Latham Family Holdings LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, 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 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
$2,950,000
ML approach
$2,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $2.95M (Aug 28 2024)
Last sale anchor
$2.95M
Aug 28 2024
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
$3,348 / 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
$3,834
Tax year 2023
Assessed value
$453,700
Assessed 2023
Previous assessed
$453,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$277,100
Assessed improvement
$176,600
Land market value
$277,100
Improvement market value
$176,600
Total market value
$453,700
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
1974
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
881 SF
Lot
8.37 ac (364,597 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R05006-004-013-000
UPID
US53-0188030
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
8.37 ac
Current owner
From public records · entity-resolved
Latham Family Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5920 MARKET ST, WILMINGTON, NC 28405-3616
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Latham Family Holdings LLC
Wilmington Auto Group Properties Ll
Quit Claim Deed
related
—
Sep 21, 2023
—
Wilmington Auto Group Properties Ll
Latham Family Holdings LLC
Quit Claim Deed
related
—
Nov 22, 2021
—
Latham Family Holdings LLC
Rwih Properties LLC
Quit Claim Deed
related
$2,500,000 · First Citizens Bank
Nov 22, 2021
$2,950,000
Latham Family Holdings LLC
Rwh Properties LLC
Special Warranty Deed
—
Sep 15, 2014
—
Rwh Properties LLC
Circle Properties LLC
Grant Deed
related
—
May 5, 2014
$825,000
Hdi Holdings LLC
Circle Properties LLC
Warranty Deed
related
—
Nov 22, 2006
—
Circle Properties LLC
Lee F Cowper Investments LLC
Warranty Deed
related
—
Aug 24, 2005
$2,525,000
Lee F Cowper Investments LLC
Wilmington Auto Group Properti
Warranty Deed
$675,000 · Port City Capital Bank
Aug 24, 2005
$4,100,000
Wilmington Auto Group Props Ll
Filippini Family
Warranty Deed
$2,100,000 · Gateway Bank & Trust
—
—
Rwh Properties LLC
—
Deed Of Trust
related
$600,000 · First South 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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