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    2622 Hope Mls Rd Hope Mills, NC 28348
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    Property profile & analytics

    2622 Hope Mls Rd, Hope Mills, NC 28348

    View on Map
    • Super regional malls
    • 12,300 SF
    • 1.39 lot acres
    Off-Market
    Property ID
    US53-5761688
    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.
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 2622 Hope Mls Rd

    Year built
    2001
    Lot size
    1.39 lot acres
    Zone code
    C3
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    0405-94-6202
    APU
    405946202

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2011 — Millview Investments LLC Ciccone,j Gary & Terry G Warranty Deed $1M · Standard Insurance Co
    Jan 24, 2007 — J Gary Ciccone Ciccone,j Gary Quit Claim Deed · related $670k · New Century Bank South
    Jan 24, 2007 $1,050,000 J Gary Ciccone Rose,george M & Ann B Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,532,000
      Market price range: $1.17M - $2.37M
      AI Estimate
      $738,000
      Market price range: $431k - $1.21M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,625,000
      Current use
      OFFICE BUILDING
      $1,925,000
      Change: +19% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,865,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,460,000
      Change: -10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,390,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hope Mills
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.968
    Latitude
    34.9981
    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
    2019
    $15,783
    $265,035
    $777,726
    $1,042,761
    -
    $265,035
    $777,726
    $1,042,761

    Comparable in this City

    • Value Estimation
      $970,000
      12,524 SF

      3117 Main St, Unit B

      REGIONAL SHOPPING CENTER, MALL
      3117 Main St, Hope Mills, NC 28348-1716
      View Details
    • Value Estimation
      $860,000
      6,477 SF

      3110 Deaver Cir, Unit 1

      REGIONAL SHOPPING CENTER, MALL
      3110 Deaver Cir, Hope Mills, NC 28348
      View Details
    • Value Estimation
      $1,330,000
      11,216 SF

      5515 Waldos Bch Rd

      REGIONAL SHOPPING CENTER, MALL
      5515 Waldos Bch Rd, Hope Mills, NC 28348
      View Details
    • Value Estimation
      $2,035,000
      22,082 SF

      4229 Legion Rd

      REGIONAL SHOPPING CENTER, MALL
      4229 Legion Rd, Hope Mills, NC 28348
      View Details
    • Value Estimation
      $970,000
      12,524 SF

      3117 Main St, Unit D

      REGIONAL SHOPPING CENTER, MALL
      3117 Main St, Hope Mills, NC 28348-1716
      View Details
    • Value Estimation
      $970,000
      12,524 SF

      3117 Main St, Unit I

      REGIONAL SHOPPING CENTER, MALL
      3117 Main St, Hope Mills, NC 28348-1716
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,204 SF

      Planet Fitness Anchored Shopping Center

      95% occupied shopping center in Hope Mills, North Carolina.
      3333 N Main St, Hope Mills, NC 28348
      View Details
    • $379,000
      1,700 SF

      Hope Mills Commercial Opportunity

      Adaptable office/showroom with workshop on high-traffic Legion Road.
      3840 Legion Rd, Hope Mills, NC 28348
      View Details
    • Contact for pricing
      1,842 SF

      Restaurant & Development Opportunity

      Commercial property with restaurant, drive-thru, and development potential.
      3416 N Main St, Hope Mills, NC 28348
      View Details
    • Contact for pricing
      0.48 Acres

      Commercial Lot in Hope Mills

      Affordable commercial lot on high-traffic growth corridor.
      S Main St, Hope Mills, NC 28348
      View Details
    • $125,000
      7.42 Acres

      Hope Mills Land For Sale

      7.42 acre lot in Hope Mills, North Carolina.
      4244 Longview Ave, Hope Mills, NC 28348
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Strip Center Space

      New retail space available in growing Hope Mills area.
      5533 Corporation Dr, Hope Mills, NC 28348
      View Details
    • $350 /Mo

      Office Space in Hope Mills

      Office space for rent with utilities included near I-95.
      4950 Cameron Rd, Hope Mills, NC 28348
      View Details
    • $1,600 /Mo
      1,191 SF

      Hope Mills Commercial Space

      Commercial space for rent in a high-traffic area.
      4807 S Main St, Hope Mills, NC 28348
      View Details
    • Contact for pricing

      New Flex Building, Build-to-Suit

      20,000 SF flex building available Q2-Q3 2026.
      3456 Black And Decker Rd, Hope Mills, NC 28348
      View Details
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    Hope Mills, NC 28348
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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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