Entity Owned 
For Lease
1 / 44
$12 SF/Yr
1139 N Bragg Blvd, Spring Lake, NC 28390
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Property summary
AI-generated overview
Southwind Plaza, a Fayetteville, Cumberland County retail center, offers exceptional leasing opportunities. This 51,660 square foot property, situated on a 14.3-acre lot and built in 1989, is zoned CP. The center boasts a strong tenant mix including Compare Foods, HR Block, Brooklyn Pizza, and Rimtyme, ensuring high foot traffic and visibility. Available spaces range from a minimum of 230 square feet to a maximum contiguous space of 8,200 square feet, with a total of 14,020 square feet currently vacant. Units feature central air and heating. Recent improvements include a fresh coat of paint on the building, a restriped parking lot, and new canopies, enhancing the overall appeal and functionality of the property. The center's location in the Fayetteville submarket positions businesses for success within a vibrant commercial environment. This is an ideal location for businesses seeking a well-maintained and strategically located space in a thriving retail center. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
51,660 SF
Lot
14.3 ac (622,908 SF)
Zoning code
CP
APN
0502-40-8909
UPID
US53-1753332
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grocery & Convenience Store Specialty Food Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.28M
CAP Approach
CAP
$9.44M
Comparable Approach
Comparable
$10.63M
Blend (final)
Blend
$10.63M
Owner & transaction history
since 2023
Last sale
$8.3M
4 recorded transactions
Zoning & alternative use
CP · Spring Lake, NC
Top alternative use upside
Restaurant
$10.2M
+75.2%
Medical building
$8.8M
+50.0%
Office building
$8.1M
+38.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$10.63M
Value range
$9.56M – $11.69M
±10% around blend
Estimated value / SF
$206 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$9.56M
blend $10.63M
$11.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
51,660 SF
Lot area
14.3 ac
Year built
1989
Stories
1
APN
0502-40-8909
Zoning
CP
Assessed value
$6,808,553
Annual tax
$142,476
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.44M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.23M
@ 6.5% CAP return
$9.44M
@ 7% CAP return
$8.77M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$142,476
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$10.63M
Range $1.88M – $10.63M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 126 sales
$113
+82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $206/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+75%
vs current-use indication
Medical Building
Office Building
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.80%
Selected cap rate for this commercial real estate
Derived from the Spring Lake market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.80%
9.0%
NOI (est.)
$117k *
Last sale · Mar 2023
$8.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.02M
Move the market yield to see immediate price impact.
Value / SF
$39
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.30%5.80%6.30%
$105k
$1.99M
$1.82M
$1.67M
$117k
$2.21M
$2.02M
$1.86M
$129k
$2.43M
$2.22M
$2.04M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$142,476
Tax year 2019
Assessed value
$6,808,553
Assessed 2023
Previous assessed
$6,808,553
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,050,119
Assessed improvement
$5,758,434
Land market value
$1,050,119
Improvement market value
$5,758,434
Total market value
$6,808,553
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1989
Heating
NONE
Buildings
3
Stories
1
Bathrooms
52
Total area
51,660 SF
Lot
14.3 ac (622,908 SF)
Zoning code
CP
APN
0502-40-8909
UPID
US53-1753332
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Spring Lake, NCZoning CP · permitted uses
CP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Buildings
3
Bathrooms
52
Lot
14.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CP
Jurisdiction
Spring Lake, NC
Recorded code
CP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP in Spring Lake, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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