Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Ready For Redevelopment Title is generated by Realmo AI

    375 Rothney Avenue, Southern Pines, NC 28387

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $165,000

    Vacant land parcel for redevelopment in high-growth market.

    Type:Commercial/Industrial
    Lot size:
    0.75 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 4:02 am

    Property Features for 375 Rothney Avenue

    General Information

    Standard status
    Active
    Lot size
    0.75 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Breanna Misnik

    Listing agent Breanna Misnik License #352356

    Listing office Keller Williams Pinehurst

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pinehurst

    HighLights

    • High‑traffic location off US‑1 with 25,000 daily drivers.
    • Priced below tax value.
    • Blank slate for redevelopment after demolition.
    • Rare investment opportunity.
    • High‑growth market.
    • Vacant building on site.

    Overview

    This commercial land parcel is located just off US-1, which experiences an average of 25,000 daily drivers. The site includes a vacant building that requires demolition, offering a blank slate for redevelopment. The property is located in a high-growth market and is presented as an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    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
    -79.4087
    Latitude
    35.1673

    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
    • $170,000

      Southern Pines Homesite Opportunity

      Homesite in the heart of Southern Pines, North Carolina.
      665 N Hale Street, 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
    • $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 access.
      304 Eastman Road, Southern Pines, NC 28387
      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
    • $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

    FAQs

    What type of property is this?
    Commercial land - Vacant land parcel for redevelopment in high-growth market.
    Where is this commercial land located?
    The property is located at 375 Rothney Avenue Southern Pines, NC.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: High‑traffic location off US‑1 with **25,000 daily drivers**.; Priced below tax value.; Blank slate for redevelopment after demolition.
    (910) 692-5553
    We can help!
    Listing Contact
    Breanna Misnik
    Real Estate License ID: 352356
    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
    375 Rothney 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!