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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Grocery and convenience stores
2820 Lillington Hwy Spring Lake, NC 28390-1860
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0895109
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Total area
3,200 SF
Lot
1.76 ac (76,666 SF)
Zoning code
C1P
APN
0513-63-8443
UPID
US53-0895109
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Circle K Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
ATM (Kangaroo Express) Atm
-
Amazon Locker - Adelisa Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$366k
Blend (final)
Blend
$505k
Owner & transaction history
Ji Lewis Rentals LLC
Ji Lewis Rentals LLC
since 2026
3 recorded transactions
Zoning & alternative use
C1P · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$545,000
+28.6%
Office building
$500,000
+18.7%
Auto repair, garage
$485,000
+14.9%
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%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Current use
MEDICAL BUILDING
$545,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +19% · Conversion: Moderate
AUTO REPAIR, GARAGE
$485,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$380,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$360,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$158 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$4,594
Tax year 2019
Assessed value
$461,055
Assessed 2023
Previous assessed
$459,829
+0.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$86,282
Assessed improvement
$374,773
Land market value
$86,282
Improvement market value
$374,773
Total market value
$461,055
Applied tax rate
111.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Bathrooms
2
Total area
3,200 SF
Lot
1.76 ac (76,666 SF)
Zoning code
C1P
APN
0513-63-8443
UPID
US53-0895109
Jurisdiction
CUMBERLAND
Zoning & alternative use
C1P · Spring Lake, NCZoning C1P · permitted uses
C1P · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$420,000
MEDICAL BUILDING
Est. value
$545,000
OFFICE BUILDING
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RETAIL STORES
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$360,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Ji Lewis Rentals LLC
Entity
Free & Clear · 0 yrs held
Mailing address
287 JOHN WIL LN, BROADWAY, NC 27505-8566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Ji Lewis Rentals LLC
Sun Lewis
Deed
—
Nov 6, 2025
—
Ji Rentals LLC
John W Lewis
Deed
related
—
Sep 19, 2025
—
Ji Rentals LLC
John Wil Lewis
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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