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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Drug stores
3966 Main St Hope Mills, NC 28348-2361
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1726662
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Total area
11,054 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C1P
APN
0414-62-5538
UPID
US53-1726662
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.56M
Owner & transaction history
Sathyanarayanaiah Kuruvadi · 4 yrs held
Sathyanarayanaiah Kuruvadi
since 2022
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
C1P · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+66.8%
Medical building
$1.9M
+42.8%
Office building
$1.7M
+31.8%
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
$2,875,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
RESTAURANT
$2,190,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$1,875,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,730,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,675,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $2.47M (Mar 24 2022)
Last sale anchor
$2.47M
Mar 24 2022
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
$232 / 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
$20,820
Tax year 2023
Assessed value
$1,442,909
Assessed 2023
Previous assessed
$1,442,909
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$486,516
Assessed improvement
$956,393
Land market value
$486,516
Improvement market value
$956,393
Total market value
$1,442,909
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Bathrooms
1
Total area
11,054 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C1P
APN
0414-62-5538
UPID
US53-1726662
Jurisdiction
CUMBERLAND
Zoning & alternative use
C1P · Hope Mills, NC
Zoning C1P · permitted uses
C1P · 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
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
MEDICAL BUILDING
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
2004
Heating
NONE
Stories
1
Bathrooms
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Sathyanarayanaiah Kuruvadi
Individual
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
$2,469,000
Sathyanarayanaiah Kuruvadi
Napas Mills LLC
Special Warranty Deed
$1,481,184 · Truliant FCU
Jan 30, 2020
—
Napas Mills LLC
—
Deed
related
$1,000,000 · Wells Fargo Bank NA
Sep 20, 2019
$2,057,500
Napas Mills LLC
Rocky Home Plaza INC
Grant Deed
—
Apr 11, 2014
$1,672,000
Rocky Home Plaza INC
PC Holdings I LLC
Warranty Deed
$1,086,526 · Fsgbank NA
Dec 29, 2010
$1,598,000
P C Holdings 1 LLC
Cvs 7163 Nc LLC
Grant Deed
related
—
Apr 15, 2004
$500,000
Cvs 7163 Nc LLC
South Main Hope Mills LLC
Warranty 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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