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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
844 Lillington Hwy Spring Lake, NC 28390-2126
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1305242
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1976
Total area
2,400 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C1
APN
0501-99-9766
UPID
US53-1305242
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Village Commercial Properties LLC · 1 yrs held
Village Commercial Properties LLC
since 2025
Last sale
$141,667
3 recorded transactions
Zoning & alternative use
C1 · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,452
Tax year 2023
Assessed value
$142,581
Assessed 2023
Previous assessed
$142,581
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$84,916
Assessed improvement
$57,665
Land market value
$84,916
Improvement market value
$57,665
Total market value
$142,581
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,400 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C1
APN
0501-99-9766
UPID
US53-1305242
Jurisdiction
CUMBERLAND
Zoning & alternative use
C1 · Spring Lake, NC
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Village Commercial Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1870, RAEFORD, NC 28376-3870
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Village Commercial Properties LLC
—
Deed
related
$1,000,000 · First Capital Bank
Jul 18, 2025
—
Village Commercial Properties LLC
David Hasan
Deed
—
May 2, 2023
$425,000
David Hasan
Audra Simmons Pope
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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