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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Retail residential properties
1095 Bragg Blvd Spring Lake, NC 28390-3307
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0522678
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1990
Total area
12,000 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CP
APN
0502-50-4257
UPID
US53-0522678
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
Current use
Occupant on record · Public records
-
Dr. Christine Sheridan Pediatrician Physician
-
Cape Fear Valley Legacy Pediatrics North Pediatrician Medical Clinic
-
Dr. Neeti Kapur Pediatrician Physician
-
Aaron's Rent To Own Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.32M
Owner & transaction history
Tandon IV LLC · 14 yrs held
Tandon IV LLC
since 2012
5 recorded transactions
Zoning & alternative use
CP · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+75.2%
Medical building
$2.0M
+50.0%
Office building
$1.9M
+38.4%
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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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%
$2,375,000
6.5%
$2,195,000
7%
$2,035,000
Alternative Use
Use
Estimation
RESTAURANT
$2,380,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$2,035,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$1,880,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,820,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,585,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,425,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±10%
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
$193 / 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
$14,404
Tax year 2023
Assessed value
$903,900
Assessed 2023
Previous assessed
$903,900
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$343,428
Assessed improvement
$560,472
Land market value
$343,428
Improvement market value
$560,472
Total market value
$903,900
Applied tax rate
3,000.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Bathrooms
4
Total area
12,000 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CP
APN
0502-50-4257
UPID
US53-0522678
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Spring Lake, NC
Zoning CP · permitted uses
CP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1990
Heating
NONE
Stories
1
Bathrooms
4
Lot
1.37 ac
Current owner
From public records · entity-resolved
Tandon IV LLC
Entity
Mailing address
PO BOX 2524, FAYETTEVILLE, NC 28302-2524
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
—
Tandon IV LLC
—
Deed
related
$65,000 · First Citizens Bank & Trust Co
Mar 7, 2022
—
Tandon IV LLC
—
Deed
related
$76,000 · First Citizens Bank & Trust Co
Jan 11, 2017
—
Tandon IV LLC
—
Deed
related
$800,000 · Wells Fargo Bank NA
Jun 15, 2012
$875,000
Tandon IV LLC
Dollar Properties Eleven LLC
Warranty Deed
$743,750 · New Century Bank
Dec 16, 2004
$700,000
Dollar Properties Eleven LLC
Advance Stores Co INC
Grant Deed
—
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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