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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2617 Hope Mills Rd Fayetteville, NC 28306

    • Auto shops
    • 1,502 SF
    • 1.43 lot acres
    For Lease
    View listing
    $2,300 /Mo
    Last Sale
    Apr 27, 2022
    $330,000
    Value Estimations
    $390,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2030950
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 2617 Hope Mills Rd

    Year built
    1954
    Lot size
    1.43 lot acres
    Property size
    1,502 SF
    Zone code
    C3
    Property type
    Auto shops
    APN
    0405-94-9236
    APU
    405949236

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $385,000
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $413,000
      Market price range: $90.2k - $413k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $255,000
      OFFICE BUILDING
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hope Mills
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9668
    Latitude
    34.9982
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,400
    $264,006
    $110,053
    $374,059
    -
    $264,006
    $110,053
    $374,059

    Comparable in this City

    • Value Estimation
      $115,000
      864 SF

      2586 Hope Mls Rd

      AUTO REPAIR, GARAGE • 864 SF
      2586 Hope Mls Rd, Hope Mills, NC 28348
      View Details
    • Value Estimation
      $390,000
      3,612 SF

      5124 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 3,612 SF
      5124 Us Hwy 301st S, Hope Mills, NC 28348-2524
      View Details
    • Value Estimation
      $210,000
      1,800 SF

      3619 Legion Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      3619 Legion Rd, Hope Mills, NC 28348-8413
      View Details
    • Value Estimation
      $315,000
      5,373 SF

      5416 Fountain Ln

      AUTO REPAIR, GARAGE • 5,373 SF
      5416 Fountain Ln, Hope Mills, NC 28348-3206
      View Details
    • Value Estimation
      $270,000
      2,108 SF

      4772 Us Hwy 301st S

      AUTO REPAIR, GARAGE • 2,108 SF
      4772 Us Hwy 301st S, Hope Mills, NC 28348-2525
      View Details
    • Value Estimation
      $290,000
      3,950 SF

      120 Missy Byrd Dr

      AUTO REPAIR, GARAGE • 3,950 SF
      120 Missy Byrd Dr, Hope Mills, NC 28348-0200
      View Details

    Similar Nearby for Sale

    • $1,332,913
      9,026 SF

      Dollar General Net Lease Investment

      High-Yield NC Retail Property, 1.4 Years Remaining
      3701 Legion Rd, Hope Mills, NC 28348
      View Details
    • Contact for pricing
      11.40 Acres

      Prime Commercial Land in Hope Mills, NC

      11.4 Acres, C-3 Zoning, High Visibility
      5070 Us Highway 301, Hope Mills, NC 28348
      View Details
    • $340,000
      0.83 Acres

      Hope Mills Commercial Land - $340K

      0.83-acre lot, ready to build, prime location.
      1277 Chicken Foot Rd, Hope Mills, NC 28348
      View Details
    • $1,799,000
      92.00 Acres

      Prime 92-Acre Waterfront Land

      92 acres in Hope Mills, NC with waterfront views.
      5869 Permastone Lake Rd, Hope Mills, NC 28348
      View Details
    • $99,000
      7.15 Acres

      Hope Mills Land For Sale

      7.15 acre lot with cleared and wooded land.
      Longview Ave, Hope Mills, NC 28348
      View Details
    • $40,000
      1.30 Acres

      Hope Mills Land For Sale

      Land for sale in Hope Mills, near the freeway.
      137 Congreve Rd, Hope Mills, NC 28348
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,009 SF

      Hope Mills Retail Center

      New 2024 Strip Center, 5 Spaces Available
      5533 Corporation Dr, Hope Mills, NC 28348
      View Details
    • Contact for pricing

      Retail Space in Hope Mills

      Retail space available in a shopping center in Hope Mills.
      Hope Mills, NC 28348
      View Details
    • $15 SF/Yr
      1,000 SF

      Retail Bay in Shopping Center

      1,000 SF retail bay in anchored shopping center.
      3035 Legion Rd, Hope Mills, NC 28348
      View Details
    • $4,000 /Mo

      Flexible Commercial Space in Hope Mills

      Adaptable 6,000 SF flex space in a growing market.
      5674 Shipman Rd, Hope Mills, NC 28348
      View Details
    • $15 SF/Yr
      20,000 SF

      Hope Mills Flex Space - 20,000 SF

      New 20,000 sq ft flex building in Hope Mills, NC
      3456 Black And Decker Rd, Hope Mills, NC 28348
      View Details
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    2617 Hope Mills Rd
    Fayetteville, NC 28306
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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