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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
3622 Main St Hope Mills, NC 28348-1937
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2135191
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1970
Total area
5,270 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C3
APN
0414-55-8003
UPID
US53-2135191
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
-
Quiles Carmen L Pediatrician Physician
-
Ross Travis Association / Organization
-
Credit Repair Financial Advisor
-
Lovato Jr Frank J Employment Agency
-
Whitney Douglas T Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$545k
Owner & transaction history
Tj Ross Properties LLC · 4 yrs held
Tj Ross Properties LLC
since 2021
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
C3 · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article VII. The following previously existing zoning districts now correspond to current districts as indicated: (1) HS(P) planned highway services district shall correspond to the C(P) planned commercial district; (2) C3 heavy commercial district shall correspond to the C(P) planned commercial district; (3) M2 heavy industrial district shall correspond to…
Zone name
Heavy Commercial District
General category
COMMERCIAL
Zone area
87.68 ac
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
$505,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
OFFICE BUILDING
$825,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $600k (Nov 8 2021)
Last sale anchor
$600k
Nov 8 2021
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
$103 / 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
$2,920
Tax year 2023
Assessed value
$318,120
Assessed 2023
Previous assessed
$318,120
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$86,414
Assessed improvement
$231,706
Land market value
$86,414
Improvement market value
$231,706
Total market value
$318,120
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Bathrooms
4
Total area
5,270 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C3
APN
0414-55-8003
UPID
US53-2135191
Jurisdiction
CUMBERLAND
Zoning & alternative use
C3 · Hope Mills, NCZoning C3 · permitted uses
C3 · Hope Mills, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article VII. The following previously existing zoning districts now correspond to current districts as indicated: (1) HS(P) planned highway services district shall correspond to the C(P) planned commercial district; (2) C3 heavy commercial district shall correspond to the C(P) planned commercial district; (3) M2 heavy industrial district shall correspond to the M(P) planned industrial district; and (4) R10 residential district shall corre
Zone name
Heavy Commercial District
General category
COMMERCIAL
Zone area
87.68 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$895,000
OFFICE BUILDING
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING Current
OFFICE 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
1970
Heating
NONE
Stories
1
Bathrooms
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Tj Ross Properties LLC
Entity
Mailing address
3622 N MAIN ST, HOPE MILLS, NC 28348-1937
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 8, 2021
$600,000
Tj Ross Properties LLC
Mill Lake LLC
Warranty Deed
$570,000 · First Citizens Bank
Apr 13, 2021
—
Mill Lake LLC
—
Deed
related
$225,000 · First Citizens Bank & Trust Co
Apr 18, 2005
—
Mill Lake LLC
Williams,jason A
Quit Claim Deed
related
—
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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