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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Warehouses
421 Manchester Rd Spring Lake, NC 28390-2309
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1801161
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
12,000 SF
Lot
7.79 ac (339,332 SF)
Zoning code
MP
APN
0502-03-9657
UPID
US53-1801161
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
-
Paragon, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.69M
Owner & transaction history
Jc345pa LLC · 12 yrs held
Jc345pa LLC
since 2014
5 recorded transactions
Zoning & alternative use
MP · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+169.6%
Medical building
$2.0M
+130.8%
Office building
$1.9M
+113.0%
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%
$1,555,000
6.5%
$1,435,000
7%
$1,330,000
Alternative Use
Use
Estimation
RESTAURANT
$2,380,000
Change: +170% · Conversion: Difficult
MEDICAL BUILDING
$2,035,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$1,880,000
Change: +113% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,820,000
Change: +106% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,585,000
Change: +79% · Conversion: Moderate
RETAIL STORES
$1,425,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,360,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$140 / 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
$22,212
Tax year 2023
Assessed value
$1,373,718
Assessed 2023
Previous assessed
$1,373,718
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$93,384
Assessed improvement
$1,280,334
Land market value
$93,384
Improvement market value
$1,280,334
Total market value
$1,373,718
Applied tax rate
3,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
3
Stories
1
Bathrooms
6
Total area
12,000 SF
Lot
7.79 ac (339,332 SF)
Zoning code
MP
APN
0502-03-9657
UPID
US53-1801161
Jurisdiction
CUMBERLAND
Zoning & alternative use
MP · Spring Lake, NC
Zoning MP · permitted uses
MP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
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
2008
Heating
NONE
Stories
1
Buildings
3
Bathrooms
6
Lot
7.79 ac
Current owner
From public records · entity-resolved
Jc345pa LLC
Entity
Mailing address
345 DEER RUN RD, HOLLIDAYSBURG, PA 16648-3111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
Jc345pa LLC
—
Deed
related
$500,000 · Select Bank & Trust Co
Mar 31, 2014
$563,000
Jc345pa LLC
Joseph L Crossman
Special Warranty Deed
$510,000 · S And T Bank
Mar 31, 2014
—
Jc345pa LLC
Castle,john J & Stephanie M
Grant Deed
—
May 9, 2012
—
Town Of Spring Lake
Crossman,joseph L
Grant Deed
related
—
Jan 28, 2008
$141,000
Joseph L Crossman
Sutton,howard B JR & Elizabeth R
Warranty Deed
$450,000 · S&t Bk
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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