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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Commercial real estate
5527 Waldos Bch Rd, Hope Mills, NC 28348
Individually Owned
14-yr Hold
Free & Clear
Property ID
US53-3596279
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Total area
41,994 SF
Lot
5.85 ac (254,826 SF)
Zoning code
C2P
APN
9494-77-8129
UPID
US53-3596279
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.68M
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$6.91M
Owner & transaction history
Town Of Hope Mills · 14 yrs held
Town Of Hope Mills
since 2012
5 recorded transactions
Zoning & alternative use
C2P · Hope Mills, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+75.2%
Medical building
$7.1M
+50.0%
Office building
$6.6M
+38.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,315,000
6.5%
$7,675,000
7%
$7,125,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,750,000
Current use
RESTAURANT
$8,320,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$7,125,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$6,575,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,365,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,540,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$4,990,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±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
$165 / 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
$59,410
Tax year 2023
Assessed value
$4,014,764
Assessed 2023
Previous assessed
$4,014,764
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$598,363
Assessed improvement
$3,416,401
Land market value
$598,363
Improvement market value
$3,416,401
Total market value
$4,014,764
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Heating
NONE
Stories
1
Total area
41,994 SF
Lot
5.85 ac (254,826 SF)
Zoning code
C2P
APN
9494-77-8129
UPID
US53-3596279
Jurisdiction
CUMBERLAND
Zoning & alternative use
C2P · Hope Mills, NC
Zoning C2P · permitted uses
C2P · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
RESTAURANT
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
RETAIL STORES
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2010
Heating
NONE
Stories
1
Lot
5.85 ac
Current owner
From public records · entity-resolved
Town Of Hope Mills
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 843, WILKESBORO, NC 28697-0843
Ownership since
2012
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
Apr 29, 2019
—
Vp Hope Mills De LLC
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Mar 21, 2012
—
Town Of Hope Mills
Vp Hope Mills De LLC
Grant Deed
related
—
Jul 29, 2011
—
Vp Hope Mills De LLC
Vp Hope Mills LLC
Quit Claim Deed
related
$5,509,000 · Citigroup Global Markets Realt
Aug 10, 2010
—
Owner Name Unavailable
Johnson,barbara M
Grant Deed
related
—
—
—
Vp Hope Mills De LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
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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