Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Southern Pines Land Parcel Title is generated by Realmo AI

    871 W Lowe Avenue, Southern Pines, NC 28387

    View on Map
    Claim this Listing
    Pending
    $55,000

    LAND - Southern Pines, NC

    Lot size:
    0.29 Acres
    Added:
    Mar 11, 2025
    Days on Market:
    427
    Last Refresh:
    May 11 at 10:06 am

    Property Features for 871 W Lowe Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1
    Standard status
    Pending
    APN
    00041179
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BLK S 11 LOT 21 22

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Kimberly Verbal

    Listing agent Kimberly Verbal License #187813

    Listing office Verbal Realty & Associates 2530 Meridian Parkway, Durham, NC

    Listing date Mar 11, 2025

    MLS# 100493733 Listing URL

    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

    • 0.29‑acre parcel ready for development.
    • Located in Southern Pines.
    • Water Available.
    • Proximity to Pinehurst golf courses.
    • Close to equestrian trails.
    • Access to parks and leisure activities.

    Overview

    Located in Southern Pines, North Carolina, the property at 871 W Lowe St is a 0.29-acre parcel. The site is intended for residential use. The surrounding area offers parks, leisure activities, and a tight-knit community. The property is located near Pinehurst golf courses and equestrian trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -79.409409
    Latitude
    35.175875

    Nearby Similar for Sale

    • $1,150,000
      3,914 SF

      Southern Pines Office Building For Sale

      Office building in Southern Pines, walking distance to amenities.
      285 W New York Avenue, Southern Pines, NC 28387
      View Details
    • $967,500

      Southern Pines Corporate Park Land

      7.74 acres of versatile land in Southern Pines, NC.
      Air Tool Drive lot: 4, Southern Pines, NC 28387
      View Details
    • $184,900

      Private Homesite in Southern Pines

      Build-ready 0.69-acre parcel near Mid South Club.
      1679 W Massachusetts Avenue, Southern Pines, NC 28387
      View Details
    • $165,000

      Vacant Land in Southern Pines

      Commercial land for sale in a growing Southern Pines corridor.
      375 Rothney Avenue, Southern Pines, NC 28387
      View Details
    • $3,500,000
      44,500 SF

      Industrial Building with Office Space

      44,500 SF industrial/manufacturing building with offices near Southern Pines.
      845 Valley View Rd, Southern Pines, NC 28387
      View Details
    • $575,000
      2,471 SF

      Southern Pines Duplex Investment Opportunity

      Charming duplex in Southern Pines with updated units and leases.
      264 E Indiana Avenue, Southern Pines, NC 28387
      View Details
    • $2,500,000
      7,500 SF

      Fully Leased Shopping Center

      L-shaped shopping center with diverse tenant mix near Highway 15/501.
      206 Commerce Avenue, Southern Pines, NC 28387
      View Details
    • $394,000

      Southern Pines Industrial Land Available

      7.88 acres of industrial land for sale in Southern Pines.
      200 Grannys Lane, Southern Pines, NC 28387
      View Details
    • $1,400,000
      21,000 SF

      Entitled Office Park Development Opportunity

      Office park development site with completed horizontal work for sale.
      525 Service SE Road, Southern Pines, NC 28387
      View Details
    • $199,000

      Southern Pines Land For Sale

      Residential land with public water and sewer in Southern Pines.
      304 Eastman Road, Southern Pines, NC
      View Details
    • $25,000

      Residential Land in Southern Pines

      Parcel ready for building with water and sewer connections.
      474 N Gaines Street, Southern Pines, NC 28387
      View Details
    • $325,000

      Prime Lot Near Pine Needles

      Build your dream home near world-class golf.
      Grove Rd, Southern Pines, NC 28387
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.29-acre parcel in Southern Pines, North Carolina.
    Where is this residential land & home lot located?
    The property is located at 871 W Lowe Avenue Southern Pines, NC.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 0.29‑acre parcel ready for development.; Located in Southern Pines.; Water Available.
    (919) 519-1700
    We can help!
    Listing Contact
    Kimberly Verbal
    Real Estate License ID: 187813
    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
    871 W Lowe 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!