Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Southern Pines Office Space Title is generated by Realmo AI

    250 W Pennsylvania Avenue, Southern Pines, NC 28387

    View on Map
    Claim this Listing
    For Lease
    $825/Mo $88 SF/Yr (calc)

    COMMERCIAL - Southern Pines, NC

    Property size:
    112 SF
    Lot size:
    0.12 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    113
    Last Refresh:
    May 19 at 12:06 am

    Property Features for 250 W Pennsylvania Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CB
    Standard status
    Active
    APN
    20020528
    Size
    112 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BLK L 5 PT LOT 11
    Tax Annual Amount
    3880
    Expense value
    825
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Holly Spofford Bell
    Holly Spofford Bell

    Listing agent Holly Spofford Bell License #252152

    Listing office Carolina Summit Group, LLC PO Box 249, Southern Pines, NC

    Listing date Jan 26, 2026

    MLS# 100551380

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown Southern Pines location on W. Pennsylvania Avenue, walkable to restaurants, retail, and the post office.
    • All utilities included in the lease.
    • Private parking available.
    • Street‑level rear access.
    • Access to a shared breakroom.
    • +/- 112 SF rear corner office with two windows.

    Overview

    A single private office is available for lease within a multi-tenant professional building situated in downtown Southern Pines. The property is located on W. Pennsylvania Avenue, offering convenient walking distance to restaurants, retail establishments, and the post office. The available space is an approximately 112 square feet rear corner office featuring two windows. The property includes street-level rear access, private parking facilities, and access to a shared breakroom. Utilities are included in the lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Murphy Insurance Agency: ... Insurance Agency New Colony Properties Real Estate Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southern Pines
    County
    Moore
    State
    North Carolina
    Longitude
    -79.3939
    Latitude
    35.175441

    Nearby Similar for Lease

    • $2,500/Mo
      1,250 SF

      Retail Space in Southern Pines

      In-line retail space in established multi-tenant center.
      1150 Old Us Hwy 1, Southern Pines, NC 28387
      View Details
    • $1,100/Mo
      500 SF

      Southern Pines Office Suite

      Professional office suite with kitchenette and private restroom for rent.
      340 Commerce Avenue, Southern Pines, NC 28387
      View Details
    • $500/Mo
      152 SF

      Southern Pines Office Suite Rental

      Corner office suite available June 2026 in Southern Pines.
      750 NW Broad Street, Southern Pines, NC 28387
      View Details
    • $1,200/Mo
      656 SF

      Downtown Southern Pines Office Space

      Upstairs office space in downtown Southern Pines. Utilities included.
      750 NW Broad Street, Southern Pines, NC 28387
      View Details
    • $450/Mo
      300 SF

      Private Office in Southern Pines

      Private office space with shared amenities in downtown Southern Pines.
      105 Bradford Village Court, Southern Pines, NC 28387
      View Details
    • $12 SF/Yr
      2,800 SF

      Southern Pines Corporate Park Space

      Industrial space for lease in established corporate park.
      565 Air Tool Drive, Southern Pines, NC 28387
      View Details
    • $700/Mo
      104 SF

      Downtown Southern Pines Office Space

      Individual office space in downtown Southern Pines, available immediately.
      115 E Pennsylvania Avenue, Southern Pines, NC 28387
      View Details
    • $14,167/Mo
      6,800 SF

      Southern Pines Retail Space Available

      Retail unit in a high-traffic shopping center, Southern Pines.
      144 Brucewood Road, Southern Pines, NC 28387
      View Details
    • Contact for pricing
      70,504 SF

      Retail Building in Morganton Park

      Retail space in master-planned community near shopping and amenities.
      1752 Old Morganton Road, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      Retail Space in Southern Pines

      Community shopping center anchored by Belk and Food Lion.
      1 Pinecrest Plaza, Southern Pines, NC, 28387
      View Details
    • Contact for pricing

      Downtown Southern Pines Office Space

      Single office in multi-tenant building, downtown Southern Pines.
      250 W Pennsylvania Ave, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      Downtown Southern Pines Office Space

      Two-story office building in downtown Southern Pines for rent.
      115 E Pennsylvania Ave, Southern Pines, NC 28387
      View Details

    FAQs

    What type of property is this?
    Office units - Single office in multi-tenant building, walking distance to amenities.
    Where is this office units located?
    The property is located at 250 W Pennsylvania Avenue Southern Pines, NC.
    What is the lease rate?
    The lease rate is $825 /Mo.
    What are key features of this property?
    This property features: Prime downtown Southern Pines location on W. Pennsylvania Avenue, walkable to restaurants, retail, and the post office.; All utilities included in the lease.; Private parking available.
    (910) 690-1065
    We can help!
    Listing Contact
    Holly Spofford Bell
    Holly Spofford Bell
    Real Estate License ID: 252152
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    250 W Pennsylvania Avenue, Southern Pines, NC 28387
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!