NNN Property with Three
For Sale
$1,920,000
1295 Old Us 1 Highway, Southern Pines, NC 28387
Commercial Sale, Southern Pines, NC
Property Size14,003 SF
Lot Size0.99 Acres
Price / SF$137.11
Days on Market47
Property Features for 1295 Old Us 1 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Subdivision
Not In Subdivision
Directions
Taking US 1/N Sandhills Blvd heading north from Aberdeen towards Southern Pines. Keep to the part right toward Southern Pines/Business Dist. Continue 0.1 mile. Property will be located on the right.
Standard status
Active
APN
00051120
Size
14,003 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DUNN LOT 1 2 6
Legal Description
DUNN LOT 1 2 6
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1966
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
Holly Spofford Bell · License #252152
(910) 690-1065
Added: Aug 21
Changed: Sep 29
Last Checked: Oct 6 at 5:06AM
MLS# 100598048
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.
Investment Insights
Based on property information with market context.
This multi-tenant commercial property comprises three buildings totaling approximately 14,003 square feet. Office improvements include a 2,008-square-foot two-story building at 1275-1285 Old US 1 Highway and an 8,985-square-foot two-story building at 1295. A 3,010-square-foot single-story storage building at 1297 completes the property. The improvements date to 1966 and are heated with electric systems.
The property is fully leased, with leases primarily structured as NNN. It carries a current cap rate of 7.97% and includes 44 parking spaces. Zoning is GB, or General Business, within an Urban Village Highway Corridor. Portions of the site are within the Southern Pines city limits, while the remainder lies in the ETJ.
The property is fully leased, with leases primarily structured as NNN. It carries a current cap rate of 7.97% and includes 44 parking spaces. Zoning is GB, or General Business, within an Urban Village Highway Corridor. Portions of the site are within the Southern Pines city limits, while the remainder lies in the ETJ.
Key Highlights
- Three‑building commercial property totaling +/- 14,003 SF
- Two‑story office buildings measure 2,008 SF and 8,985 SF
- Single‑story storage building contains 3,010 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,216
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,064,320
$2.1M
Cap Rate 7%
$1,474,514
$1.5M
Cap Rate 9%
$1,146,844
$1.1M
Market Conditions
NOI Build-Up for 14,003 SF
Gross rent
$393.2K $28.08/SF
− Vacancy
−$255.6K −$18.25/SF
EGI
$137.6K $9.83/SF
− OpEx
−$34.4K −$2.46/SF
NOI
$103.2K $7.37/SF
Area
Moore County, NC
Vacancy
65.00%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,064,320
Cap Rate 7%
$1,474,514
Cap Rate 9%
$1,146,844
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,216 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.67M
$2.33M – $3.11M
NOI $186,777 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 28387, NC
16,413
Population
8,731
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
93%
High-School Grad
29.5 sq mi
ZIP Area
556
Density / Sq Mi
$73,587
Median Household Income
$51,681
Median Earnings
$1,137
Median Rent
$366,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased commercial asset with office and storage improvements, GB zoning, and 44 on-site parking spaces.
Where is this nnn property located?
The property is located at 1295 Old Us 1 Highway Southern Pines, NC.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: Three‑building commercial property totaling +/- 14,003 SF; Two‑story office buildings measure 2,008 SF and 8,985 SF; Single‑story storage building contains 3,010 SF
