Entity Owned Property summary
AI-generated overview
Spring Lake Town Center, located at 670 Lillington Hwy in Spring Lake, NC (28390), offers exceptional retail investment opportunities. This 29,841 square foot community center, built in 2004, boasts a strategic location in a high-traffic area with an average daily traffic count of 21,650 vehicles. The center benefits from a signalized entrance off Lillington Highway, ensuring easy access for customers traveling in both directions. Currently, there are 1,402 square feet of vacant space available, with additional spaces ranging from 1,402 to 2,813 square feet. The property includes 158 parking spaces for ample customer convenience. Its proximity to Fort Bragg provides a strong consumer base drawn from the military population, as well as the surrounding communities of Fayetteville and Spring Lake. Strong co-tenancy is a key feature, with established businesses such as Dollar Tree, Cato, AT&T Wireless, GameStop, and Pizza Hut already in place. This Walmart Supercenter shadow center presents a compelling opportunity for businesses seeking high visibility and a robust customer base in a thriving North Carolina market. The property is situated in Cumberland County.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
185,162 SF
Lot
22.13 ac (963,983 SF)
Zoning code
CP
APN
0501-98-9296
UPID
US53-5629613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Atm
-
Bank Credit Union
-
Landscaping General Contractor
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.84M
Comparable Approach
Comparable
$31.01M
Blend (final)
Blend
$32.78M
Owner & transaction history
Zoning & alternative use
CP · Spring Lake, NC
Top alternative use upside
Restaurant
$36.7M
+75.2%
Medical building
$31.4M
+50.0%
Office building
$29.0M
+38.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$32.78M
Value range
$29.50M – $36.06M
±10% around blend
Estimated value / SF
$177 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$29.50M
blend $32.78M
$36.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
185,162 SF
Lot area
22.13 ac
Year built
2003
Stories
1
APN
0501-98-9296
Zoning
CP
Assessed value
$12,174,846
Annual tax
$174,078
3
Income approach: direct capitalization
Partial preview
Income approach indication
$33.84M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$36.66M
@ 6.5% CAP return
$33.84M
@ 7% CAP return
$31.43M
4
Sales comparison
Partial preview
Sales approach indication
$31.01M
Range $6.75M – $38.09M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$32.78M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 126 sales
$113
+56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $177/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+75%
vs current-use indication
Medical Building
Office Building
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.17M
Move the market yield to see immediate price impact.
Value / SF
$66
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$767k
$15.34M
$10.96M
$8.52M
$852k
$17.04M
$12.17M
$9.47M
$937k
$18.75M
$13.39M
$10.42M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$174,078
Tax year 2023
Assessed value
$12,174,846
Assessed 2023
Previous assessed
$12,174,846
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$1,057,916
Assessed improvement
$11,116,930
Land market value
$1,057,916
Improvement market value
$11,116,930
Total market value
$12,174,846
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Bathrooms
1
Total area
185,162 SF
Lot
22.13 ac (963,983 SF)
Zoning code
CP
APN
0501-98-9296
UPID
US53-5629613
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Spring Lake, NCZoning CP · permitted uses
CP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Bathrooms
1
Lot
22.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CP
Jurisdiction
Spring Lake, NC
Recorded code
CP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP in Spring Lake, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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