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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Strip malls
4230 Legion Rd Hope Mills, NC 28348-5001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4842914
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Total area
12,238 SF
Lot
2.12 ac (92,347 SF)
Zoning code
C2PCZ
APN
0424-08-1626
UPID
US53-4842914
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
-
Yamato Jr Restaurant
-
Vape World & Tobacco (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Anytime Fitness of Hope Mills Gym & Fitness Center
-
Lily Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.98M
Owner & transaction history
Krishiv Hospitality LLC · 4 yrs held
Krishiv Hospitality LLC
since 2022
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
C2PCZ · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+50.2%
Medical building
$2.1M
+28.6%
Office building
$1.9M
+18.7%
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
$2,225,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,615,000
Current use
RESTAURANT
$2,425,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$2,075,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,915,000
Change: +19% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,855,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,455,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,385,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.91M (Apr 22 2022)
Last sale anchor
$1.91M
Apr 22 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
$161 / 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
$13,314
Tax year 2023
Assessed value
$1,171,517
Assessed 2023
Previous assessed
$1,171,517
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$114,335
Assessed improvement
$1,057,182
Land market value
$114,335
Improvement market value
$1,057,182
Total market value
$1,171,517
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
12,238 SF
Lot
2.12 ac (92,347 SF)
Zoning code
C2PCZ
APN
0424-08-1626
UPID
US53-4842914
Jurisdiction
CUMBERLAND
Zoning & alternative use
C2PCZ · Hope Mills, NC
Zoning C2PCZ · permitted uses
C2PCZ · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2016
Heating
NONE
Stories
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Krishiv Hospitality LLC
Entity
Mailing address
1046 MOCKINGBIRD RD, WILLIAMSTON, NC 27892-7184
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$3,825,000
Krishiv Hospitality LLC
Lucky K LLC
Special Warranty Deed
$2,400,000 · First Bank
Mar 15, 2019
$2,750,000
Lucky K LLC
Hope Mills Marketplace LLC
Special Warranty Deed
$1,787,500 · Zions Bancorporation NA
Mar 31, 2016
$487,000
Hope Mills Marketplace LLC
Hanrick,sheila P
Grant Deed
—
Nov 16, 2006
—
Hanrick,sheila P
Hanrick,gregory M
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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