Mixed-Use Building with Warehouse
For Sale
$1,625,000
Pending
173 Davis Street, Southern Pines, NC 28387
Commercial Sale, Southern Pines, NC
Property Size12,592 SF
Lot Size0.90 Acres
Days on Market50
Property Features for 173 Davis Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Subdivision
Yadkin Park
Directions
From US-1 S from Downtown Southern Pines, turn right at the 1st cross street onto Murray Hill Road. Continue through the intersection with Hwy 501. Turn left onto Davis Street. The property will be on your right.
Standard status
Pending
APN
00057127
Size
12,592 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
YADKIN PARK LOT 41 42
Legal Description
YADKIN PARK LOT 41 42
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1990
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
Holly Spofford Bell · License #252152
(910) 690-1065
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 19 at 7:06AM
MLS# 100600336
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.
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Investment Insights
Based on property information with market context.
This single-story mixed-use commercial building contains 12,592 SF of office and warehouse space on a 0.9-acre site. Built in 1990, the property includes on-site parking and electric heating. Existing occupants are leased on a month-to-month basis, supporting flexibility for continued tenancy or future owner occupancy.
Located on Davis Street in Southern Pines, the property offers access to US Hwy 15-501 and Moore County’s primary retail corridor. Surrounding retailers include Walmart, Lowe’s, and Target, while FirstHealth Fitness - Southern Pines is adjacent to the property.
Located on Davis Street in Southern Pines, the property offers access to US Hwy 15-501 and Moore County’s primary retail corridor. Surrounding retailers include Walmart, Lowe’s, and Target, while FirstHealth Fitness - Southern Pines is adjacent to the property.
Key Highlights
- 12,592 SF single‑story mixed‑use commercial building
- 0.9‑acre site with on‑site parking
- Office and warehouse configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,590
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,800
$2.6M
Cap Rate 7%
$1,837,000
$1.8M
Cap Rate 9%
$1,428,778
$1.4M
Market Conditions
NOI Build-Up for 12,592 SF
Gross rent
$214.6K $17.04/SF
− Vacancy
−$16.7K −$1.33/SF
EGI
$197.8K $15.71/SF
− OpEx
−$69.2K −$5.50/SF
NOI
$128.6K $10.21/SF
Area
Moore County, NC
Vacancy
7.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,800
Cap Rate 7%
$1,837,000
Cap Rate 9%
$1,428,778
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,590 @ 7.0% cap · market cap 7.91%
Second Best
Mixed Use
$1.52M
$1.33M – $1.78M
NOI $106,528 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $167,957 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial property combines office and warehouse areas with on-site parking and flexible month-to-month tenancy.
Where is this mixed-use property located?
The property is located at 173 Davis Street Southern Pines, NC.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 12,592 SF single‑story mixed‑use commercial building; 0.9‑acre site with on‑site parking; Office and warehouse configuration
