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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Mobile home & RV parks
6117 Nc Hwy 86, Chapel Hill, NC 27514-9637
Individually Owned
Free & Clear
Property ID
US53-2309002
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1957
Total area
2,852 SF
Lot
28.46 ac (1,239,718 SF)
Zoning code
NC2/RB
APN
9871-85-0238
UPID
US53-2309002
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
$807k
Blend (final)
Blend
$735k
Owner & transaction history
Zhonghua Zhang
Zhonghua Zhang
since 2025
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
NC2/RB · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$995,000
+6.8%
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 Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MOBILE HOME PARK, TRAILER PARK
$930,000
Current use
OFFICE BUILDING
$995,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $700k (Jul 16 2025)
Last sale anchor
$700k
Jul 16 2025
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
$258 / 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
$12,909
Tax year 2023
Assessed value
$1,033,000
Assessed 2023
Previous assessed
$1,033,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$937,400
Assessed improvement
$95,600
Land market value
$937,400
Improvement market value
$95,600
Total market value
$1,033,000
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
1957
Heating
YES
Stories
1
Total area
2,852 SF
Lot
28.46 ac (1,239,718 SF)
Zoning code
NC2/RB
APN
9871-85-0238
UPID
US53-2309002
Jurisdiction
ORANGE
Zoning & alternative use
NC2/RB · Chapel Hill, NC
Zoning NC2/RB · permitted uses
NC2/RB · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MOBILE HOME PARK, TRAILER PARK Current
Est. value
$930,000
OFFICE BUILDING
Est. value
$995,000
MOBILE HOME PARK, TRAILER PARK Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Heating
YES
Stories
1
Lot
28.46 ac
Current owner
From public records · entity-resolved
Zhonghua Zhang
Individual
Free & Clear · 0 yrs held
Mailing address
6117 NC HWY 86TH DR, CHAPEL HILL, NC 27514-9637
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 16, 2025
$700,000
Zhonghua Zhang
Richard N Tapp
Warranty Deed
—
Oct 16, 2025
—
Zhonghua Zhang
—
Deed
related
$300,000 · Richard N Tapp & Elizabeth Tapp
Oct 3, 2024
$300,000
Re Varnadore Holdings LLC
Richard N Tapp
Warranty Deed
$214,200 · Richard Tapp
Feb 28, 2019
—
Elizabeth Tapp
Tapp Betty C
Quit Claim 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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