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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Retail residential properties
125 Main St Spring Lake, NC 28390-3912
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-3947670
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1959
Total area
5,808 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB
APN
0501-65-7990
UPID
US53-3947670
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
-
Chapi Beauty Salon Hair Salon
-
Ms Diva Hair Boutique Cosmetic Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$970k
Owner & transaction history
Kingdom Community Dev Corp · 15 yrs held
Kingdom Community Dev Corp
since 2010
4 recorded transactions
Zoning & alternative use
CB · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+75.2%
Medical building
$985,000
+50.0%
Office building
$910,000
+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%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
RESTAURANT
$1,150,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$985,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$910,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$765,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$167 / 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
$5,435
Tax year 2023
Assessed value
$347,556
Assessed 2023
Previous assessed
$347,556
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$61,424
Assessed improvement
$286,132
Land market value
$61,424
Improvement market value
$286,132
Total market value
$347,556
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
1959
Heating
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
5,808 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB
APN
0501-65-7990
UPID
US53-3947670
Jurisdiction
CUMBERLAND
Zoning & alternative use
CB · Spring Lake, NC
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL) Current
Est. value
$655,000
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$765,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL) Current
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
1959
Heating
NONE
Stories
1
Buildings
2
Bathrooms
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Kingdom Community Dev Corp
Entity
Free & Clear · 15 yrs held
Mailing address
129 N MAIN ST, SPRING LAKE, NC 28390-3912
Ownership since
2010
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
Sep 24, 2010
—
Kingdom Community Dev Corp
Kingdom Realty Holdings LLC
Quit Claim Deed
related
—
May 27, 2010
—
Kingdom Realty Holdings LLC
Kingdom Community Dev Corp
Quit Claim Deed
related
—
Apr 1, 2010
$171,000
Kingdom Community Dev Corp
Works,ku C
Warranty Deed
$144,500 · Branch Bk&tr
—
—
Kingdom Community Dev Corp
—
Deed Of Trust
related
$272,000 · Branch Bk&tr
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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