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Property profile

115 E Pennsylvania Ave Southern Pines, NC 28387

FOR LEASE
Retail space
Property ID
US53-5205701
0.06 ac lot Built 1992
Last sale Jan 2025 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story, multi-tenant office building located in downtown Southern Pines, configured with private office spaces. The property is positioned within walking distance of local retail shops, dining options, and the post office, and it has access to street parking. The building’s utilities are included as part of its operating setup.

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 · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$513k
Assessed land$261k
Assessed improvement$252k
Effective rate0.64%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$3k
Vacancy & credit loss−$2k
Operating expenses−$255
NOI · 109.57% cap applied$767

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
109.57%
$767 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?
CB
The CB district is designed to accommodate a wide variety of commercial activities (particularly those that are pedestrian oriented) in a...
General categoryCOMMERCIAL
JurisdictionMOORE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.3
Electrical Service10.6
HVAC Service10.4

Location

115 E Pennsylvania Ave Southern Pines, NC 28387
County assessor Recorded deeds · 5 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Bennett, Southern Pines, NC 28387-4811 $475,000 Dec 2025 No data
109th Northsouth, Southern Pines, NC 28387 $170,000 Jun 2024 No data
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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