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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Assisted living facilities
2431 Legion Rd, Fayetteville, NC 28306-2997
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1032919
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2005
Total area
6,828 SF
Lot
1.76 ac (76,666 SF)
Zoning code
OI
APN
0425-79-9887
UPID
US53-1032919
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
-
Valley Hospice House Nursing Home
-
Community Homecare & Hospice Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$1.02M
Owner & transaction history
Cumberland County Hospital System I · 3 yrs held
Cumberland County Hospital System I
since 2022
Last sale
$975,000
4 recorded transactions
Zoning & alternative use
OI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+66.0%
Office building
$1.1M
+53.6%
Auto repair, garage
$820,000
+15.0%
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$1,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$715,000
Current use
COMMERCIAL (GENERAL)
$1,185,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$1,095,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$700,000
Change: -2% · Conversion: Difficult
RESTAURANT
$650,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $975k (Sep 29 2022)
Last sale anchor
$975k
Sep 29 2022
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
$149 / 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
$864
Tax year 2023
Applied tax rate
1,000.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Bathrooms
14
Total area
6,828 SF
Lot
1.76 ac (76,666 SF)
Zoning code
OI
APN
0425-79-9887
UPID
US53-1032919
Jurisdiction
CUMBERLAND
Zoning & alternative use
OI · Fayetteville, NC
Zoning OI · permitted uses
OI · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fayetteville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$820,000
INDUSTRIAL (GENERAL)
Est. value
$700,000
RESTAURANT
Est. value
$650,000
RETAIL STORES
Est. value
$645,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RESTAURANT
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
2005
Heating
NONE
Stories
1
Bathrooms
14
Lot
1.76 ac
Current owner
From public records · entity-resolved
Cumberland County Hospital System I
Entity
Free & Clear · 3 yrs held
Mailing address
1638 OWEN DR, FAYETTEVILLE, NC 28304-3424
Ownership since
2022
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 29, 2022
$975,000
Cumberland County Hospital System I
Community Real Estate Holding Co In
Special Warranty Deed
—
Aug 28, 2006
—
Community R/e Holding Co INC
Carrolton Home Care INC
Grant Deed
$975,000 · Wachovia Bank NA
Jan 27, 2005
$26,500
Carrolton Home Care INC
Carrolton Of Fayetteville INC
Grant Deed
related
—
—
—
Community R/e Holding Co INC
—
Deed Of Trust
related
$747,000 · Branch Banking & Trust Co
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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