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Property profile & analytics
FOR LEASE
Retail space
115 E Pennsylvania Ave Southern Pines, NC 28387
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5205701
For Lease
1 / 10
$80.77 SF/Yr
115 E Pennsylvania Ave, Southern Pines, NC 28387
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Lot
0.06 ac (2,396 SF)
Zoning code
CB
APN
38680
UPID
US53-5205701
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mc Cullough Denis Interior Design Home Decor Store
-
Pines Accounting Services, PLLC Accounting Firm Tax Preparation
-
Bridged Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
The Curve Sculpting Studio (Bike/Boat/Book/etc) Store Cosmetic Store
-
American Red Cross Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
115 W Penn LLC · 1 yrs held
115 W Penn LLC
since 2025
5 recorded transactions
Zoning & alternative use
CB · Southern Pines, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southern Pines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southern Pines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,272
Tax year 2024
Assessed value
$513,200
Assessed 2024
Previous assessed
$513,200
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$260,820
Assessed improvement
$252,380
Land market value
$260,820
Improvement market value
$252,380
Total market value
$513,200
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1992
Heating
NONE
Lot
0.06 ac (2,396 SF)
Zoning code
CB
APN
38680
UPID
US53-5205701
Jurisdiction
MOORE
Zoning & alternative use
CB · Southern Pines, NC
Zoning CB · permitted uses
CB · Southern Pines, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southern Pines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
115 W Penn LLC
Entity
Mailing address
PO BOX 249, SOUTHERN PINES, NC 28388-0249
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
$600,000
115 W Penn LLC
Denis C Mccullough
Warranty Deed
$300,000 · Denis Mccullough
Dec 10, 2021
—
East Of Broad LLC
—
Deed
related
$250,000 · First Capital Bank
Dec 19, 2019
—
East Of Broad LLC
Lucretia P Pinnock
Deed
—
Dec 19, 2019
$450,000
East Of Broad LLC
Lucretia P Pinnock
Warranty Deed
$235,000 · First National Bank Of Pennsylvania
Dec 12, 2019
—
Denis Mccullough
—
Deed
related
$75,000 · First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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