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Property profile & analytics
OFF-MARKET
Estimated value
$5,570,000
Mobile home & RV parks
940 Hwy 24, Newport, NC 28570-8137
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2875080
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1982
Total area
2,950 SF
Lot
36.82 ac (1,603,879 SF)
Zoning code
B1
APN
6346.02.57.4066000
UPID
US53-2875080
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
$6.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.57M
Owner & transaction history
Mvf Dutch Treat LLC · 5 yrs held
Mvf Dutch Treat LLC
since 2020
Last sale
$4.7M
3 recorded transactions
Zoning & alternative use
B1 · Newport, 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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
$6,575,000
ML approach
$6,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.57M
Range $5.01M – $6.13M · ±10% · vs last sale $4.69M (Oct 23 2020)
Last sale anchor
$4.69M
Oct 23 2020
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
$1,888 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,191
Tax year 2022
Assessed value
$2,155,407
Assessed 2024
Previous assessed
$2,155,407
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,465,300
Assessed improvement
$690,107
Land market value
$1,465,300
Improvement market value
$690,107
Total market value
$2,155,407
Applied tax rate
32.0000
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
Year built
1982
Heating
ELECTRIC
Stories
1
Bathrooms
2
Total area
2,950 SF
Lot
36.82 ac (1,603,879 SF)
Zoning code
B1
APN
6346.02.57.4066000
UPID
US53-2875080
Jurisdiction
CARTERET
Zoning & alternative use
B1 · Newport, NC
Zoning B1 · permitted uses
B1 · Newport, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
ELECTRIC
Stories
1
Bathrooms
2
Lot
36.82 ac
Current owner
From public records · entity-resolved
Mvf Dutch Treat LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 6010, SPARTANBURG, SC 29304-6010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
—
Mvf Dutch Treat LLC
—
Deed
related
$9,184,000 · Walker & Dunlop LLC
Oct 23, 2020
$4,690,000
Mvf Dutch Treat LLC
Ronald D Cannon
Grant Deed
—
Oct 23, 2020
—
Mvf Dutch Treat LLC
Ronald D Cannon
Grant Deed
$1,175,000 · Ronald D Cannon
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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