Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    250 W Pennsylvania Ave, Unit unit Single Office Southern Pines, NC 28387

    Sponsored
    For Lease
    $825 /Mo ($88 SF/Yr)

    COMMERCIAL - Southern Pines, NC

    Property size:
    112 SF
    Lot size:
    0.12 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 7 at 6:06 pm

    Property Features for 250 W Pennsylvania Ave

    General Information

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

    Taxes and HOA fees

    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

    Carolina Summit Group, LLC (910) 684-5353

    Listing agent Holly Spofford Bell (910) 690-1065 License #252152

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Southern Pines Office Space

    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 approximately 112 square feet and is a 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. The property is located in Moore County.
    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

    • $5,500 /Mo
      3,000 SF

      Southern Pines Professional Office Space

      Multi-tenanted office building with suites perfect for medical use.
      340 Commerce Ave, Southern Pines, NC 28387
      View Details
    • $6,000 /Mo
      4,000 SF

      Downtown Southern Pines Office Space

      4000 sq ft commercial space in Downtown Southern Pines.
      365 N Bennett St, Southern Pines, NC 28387
      View Details
    • $1,000 /Mo
      675 SF

      Downtown Southern Pines Office Space

      Third-floor office space in downtown Southern Pines available for lease.
      164 NW Broad St Unit, Southern Pines, NC 28387
      View Details
    • $12 SF/Yr
      2,800 SF

      Southern Pines Corporate Park Industrial

      Industrial space for lease in Southern Pines Corporate Park.
      565 Air Tool Dr, Southern Pines, NC 28387
      View Details
    • $14,167 /Mo
      6,800 SF

      Southern Pines Retail Space Available

      Retail space in a high-traffic shopping center with national co-tenants.
      144 Brucewood Rd, Southern Pines, NC 28387
      View Details
    • $2,400 /Mo
      1,315 SF

      Downtown Southern Pines Retail Sublease

      Retail sublease in downtown Southern Pines with architectural details.
      162 NW Broad St, Southern Pines, NC 28387
      View Details
    • $2,200 /Mo
      456 SF

      Renovated Southern Pines Wellness Space

      Sublease opportunity in renovated Waterworks building, Southern Pines.
      501 Waterworks Dr Unit, 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 Ave Unit, Southern Pines, NC 28387
      View Details
    • $1,350 /Mo
      228 SF

      Downtown Southern Pines Office Suite

      Two-room office suite in downtown Southern Pines, available May 2025.
      115 E Pennsylvania Ave Unit, Southern Pines, NC 28387
      View Details
    • $1,750 /Mo
      1,235 SF

      Southern Pines Office Suite For Lease

      Office suite for lease near downtown Southern Pines, North Carolina.
      1295 Hwy Unit, Southern Pines, NC 28387
      View Details
    • $500 /Mo
      111 SF

      Corner Office Suite For Rent

      Corner office suite with natural light, perfect for various professionals.
      750 NW Broad St, Southern Pines, NC 28387
      View Details
    • $20 SF/Yr
      6,672 SF

      Downtown Southern Pines Office/Retail

      Prime Southern Pines location, flexible space.
      110 Connecticut Ave, Southern Pines, NC 28387
      View Details

    FAQs

    What type of property is this?
    Office space - Single office in multi-tenant building, walking distance to amenities.
    Where is this office space located?
    The property is located at 250 W Pennsylvania Ave, Unit unit Single Office Southern Pines, NC.
    What is the lease rate?
    The lease rate is $88 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Southern Pines location, walk to restaurants, retail, and the post office.; - All utilities included in the lease.; - Private parking available.
    (910) 690-1065
    Request Owner's contact information
    250 W Pennsylvania Ave, Unit unit Single Office Southern Pines, NC 28387
    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.
    250 W Pennsylvania Ave, Unit unit Single Office
    Southern Pines, NC 28387
    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
    250 W Pennsylvania Ave, Unit unit Single Office Southern Pines, NC 28387
    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

    We can help!
    Listing Contact
    Holly Spofford Bell
    Holly Spofford Bell
    Real Estate License ID: 252152
    (910) 690-1065
    Learn more
    Google sign-in failed. Please try again or use another login method.