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Financial
Distress signals
Property profile

1113-1195 N Bragg Blvd Spring Lake, NC 28390

FOR LEASE
Other commercial real estate
Property ID
US53-1753332
51,660 SF 14.3 ac lot Built 1989
Last sale Mar 2023 · $8,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Southwind Place is a grocery-anchored strip shopping center totaling approximately 120,000 square feet. The property includes a tenant mix anchored by Compare Foods, with additional retail tenants. It is located at 1139 N Bragg Blvd in Spring Lake, North Carolina.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$142k
Tax billed · 2019
Assessed value · 2023$6.81M
Assessed land$1.05M
Assessed improvement$5.76M
Effective rate2.09%

Value estimate

· Oct 2026
$10.63M
$9.56M – $11.69M
AI approach$9.28M
CAP approach$9.44M
Submarket $/SF estimate$10.63M
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$6k
Operating expenses−$50k
NOI · 1,170,890.00% cap applied$117k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$113/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$36 – $206

Cap rate analysis

How does the asset earn?
1,170,890.00%
$117k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CP
JurisdictionCUMBERLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.1
Law Firm16.8
Wholesale Shop15.8

Location

1113-1195 N Bragg Blvd Spring Lake, NC 28390
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
630 Lillington, Spring Lake, NC 28390-2172 $3,650,000 Feb 2025 29,760 SF
14396 Nc 210th S, Spring Lake, NC 28390-9253 $4,365,000 Mar 2022 1,360 SF
1111 Bragg, Spring Lake, NC 28390-3116 $1,600,000 Nov 2021 72,284 SF
248 Bragg, Spring Lake, NC 28390-3929 $128,000 Feb 2020 3,167 SF
344 Shady Grv, Spring Lake, NC 28390-7651 $30,000 Dec 2019 1,980 SF
1576 Bragg, Spring Lake, NC 28390-2011 $540,000 Nov 2019 4,854 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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