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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Banks
3120 Main St Hope Mills, NC 28348-1717
Individually Owned
18-yr Hold
Free & Clear
Property ID
US53-1834195
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Total area
7,825 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CP
APN
0414-27-0421
UPID
US53-1834195
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
-
State Employees’ Credit Union Credit Union
-
CashPoints® ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$725k
Owner & transaction history
State Emps Cu · 18 yrs held
State Emps Cu
since 2007
1 recorded transaction
Zoning & alternative use
CP · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+64.5%
Retail stores
$1.1M
+45.8%
Industrial (general)
$870,000
+18.6%
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 Hope Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hope Mills 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$735,000
Current use
OFFICE BUILDING
$1,210,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,070,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$870,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +18% · Conversion: Difficult
RESTAURANT
$770,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$93 / 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
$32,610
Tax year 2023
Assessed value
$2,305,120
Assessed 2023
Previous assessed
$2,305,120
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,015,545
Assessed improvement
$1,289,575
Land market value
$1,015,545
Improvement market value
$1,289,575
Total market value
$2,305,120
Applied tax rate
2,000.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
7,825 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CP
APN
0414-27-0421
UPID
US53-1834195
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Hope Mills, NC
Zoning CP · permitted uses
CP · Hope Mills, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hope Mills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RESTAURANT
Est. value
$770,000
MEDICAL BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$635,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Stories
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
State Emps Cu
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 26807, RALEIGH, NC 27611-6807
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2007
$975,000
State Emps Cu
Dove,harold M
Grant 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.
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