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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Warehouses
3641 Legion Rd Hope Mills, NC 28348-8413
Entity Owned
Free & Clear
Property ID
US53-1963333
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
5,900 SF
Lot
4.6 ac (200,376 SF)
Zoning code
CP
APN
0425-32-6070
UPID
US53-1963333
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
-
Atlantic Dominion Distributors - North Carolina Distribution Center Logistics Company
-
Eagle Snacks Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$645k
Owner & transaction history
OLD DOMINION TOBACCO CO INC
OLD DOMINION TOBACCO CO INC
Zoning & alternative use
CP · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+130.8%
Office building
$925,000
+113.0%
Auto repair, garage
$895,000
+106.2%
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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
MEDICAL BUILDING
$1,000,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: +113% · Conversion: Difficult
AUTO REPAIR, GARAGE
$895,000
Change: +106% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: +79% · Conversion: Moderate
RETAIL STORES
$700,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$665,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$109 / 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
$21,368
Tax year 2019
Assessed value
$2,138,924
Assessed 2023
Previous assessed
$2,138,924
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$203,758
Assessed improvement
$1,935,166
Land market value
$203,758
Improvement market value
$1,935,166
Total market value
$2,138,924
Applied tax rate
51.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Bathrooms
11
Total area
5,900 SF
Lot
4.6 ac (200,376 SF)
Zoning code
CP
APN
0425-32-6070
UPID
US53-1963333
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
WAREHOUSE, STORAGE Current
Est. value
$435,000
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
RETAIL STORES
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$665,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1995
Heating
NONE
Stories
1
Bathrooms
11
Lot
4.6 ac
Current owner
From public records · entity-resolved
OLD DOMINION TOBACCO CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 406, HOPE MILLS, NC 28348-0406
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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