Add Listing
    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

    565 Air Tool Drive unit Stes E G H Southern Pines, NC 28387

    View on Map
    For Lease
    $12 SF/Yr

    COMMERCIAL - Southern Pines, NC

    Property size:
    2,800 SF
    Lot size:
    1.32 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 565 Air Tool Drive unit Stes E G H

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    PD
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    00039763111
    Size
    2,800 SF
    Lot size
    1.32 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    YADKIN PLACE CONDO LOT 1
    Expense value
    12
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2007
    Flooring type
    Concrete

    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 20, 2026

    MLS# 100550641

    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.

    Overview

    Southern Pines Corporate Park Space

    Located at the corner of Yadkin Road and Air Tool Drive, the industrial space for lease is situated within the Southern Pines Corporate Park, offering convenient access to US Hwy 1 and proximity to Downtown Southern Pines. The property is zoned Planned Development (PD) and is part of an established corporate park whose tenants include Amazon, UPS, Ingersoll Rand, Donald Ross Sportswear, National Athletic Village, and Cardinal State Storage. The building has a total area of approximately 57,270 square feet, with available space in Suites E, F, and G. These suites, formerly used as a brewery, range from approximately 2,800 to 9,237 square feet, with an additional 5,184 square feet potentially available. The property, situated on a 1.32-acre lot, features on-site parking and ceiling heights of approximately 17 feet at the peak. The lease structure is NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hot Chillys Performance ... Clothing Store Polarmax Clothing Store Southern Pines Brewing ... Production Facility XGO Clothing Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Nail Salon Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Hotel & Motel Bar & Pub

    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
    -79.371757
    Latitude
    35.187102

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Southern Pines Office Space

      Single office in multi-tenant building, walking distance to amenities.
      250 W Pennsylvania Avenue unit: Single Office, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      Southern Pines Retail Space Available

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

      Downtown Southern Pines Office Space

      Individual office space in downtown Southern Pines, available immediately.
      115 E Pennsylvania Avenue unit: Ste 13, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      Southern Pines Professional Office Space

      Multi-tenanted building perfect for medical or health care services.
      340 Commerce Avenue unit: Ste 4 & 5, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      Renovated Wellness Space Sublease

      Sublease opportunity in renovated Waterworks building, Southern Pines.
      501 Waterworks Drive unit: Single Room, Southern Pines, NC 28387
      View Details
    • Contact for pricing

      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

      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
    • Contact for pricing

      Multi-Tenant Commercial Property For Rent

      Multi-tenant commercial property near downtown Southern Pines available for rent.
      1295 Old US Hwy 1, Southern Pines, NC 28387
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial space for lease in established corporate park.
    Where is this flex space located?
    The property is located at 565 Air Tool Drive unit Stes E G H Southern Pines, NC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Southern Pines Corporate Park with convenient access to US Hwy 1 and Downtown Southern Pines.; Located within an established corporate park with notable tenants like Amazon, UPS, and Ingersoll Rand.; Flexible space options available ranging from 2,800 SF to 9,237 SF (potentially up to 14,421 SF).
    (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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!