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    Property profile & analytics

    250 W Pennsylvania Ave, Unit unit Single Office Southern Pines, NC 28387

    • Office buildings
    • 0.12 lot acres
    For Lease
    View listing
    $825 /Mo
    Value Estimation
    $320,000
    Last Sale
    Sep 02, 2021
    Location Intelligence
    Property ID
    US53-5198998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Murphy Insurance Agency: A Leavitt Elite Insurance Advisors Affiliate / Insurance Agency / Auto Insurance Agency
    • New Colony Properties / Real Estate Agency / Real Estate Developer

    Property Details for 250 W Pennsylvania Ave

    Year built
    2006
    Lot size
    0.12 lot acres
    Zone code
    CB
    Property type
    Office buildings
    APN
    20020528
    APU
    20020528

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $345,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $350,000
      Mixed-Use
      $365,000
      Hospitality
      $425,000
      Educational
      $405,000
      Residential Income
      $440,000
      Energy
      $360,000
      Income-Based Land
      $370,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Southern Pines
    County
    Moore
    State
    North Carolina
    Longitude
    -79.3939
    Latitude
    35.1755
    CBSA code
    38240
    CBSA name
    PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,880
    $213,300
    $395,290
    $608,590
    -
    $213,300
    $395,290
    $608,590

    Comparable in this City

    • Value Estimation
      $225,000
      0.08 Acres

      655 Bennett St, Unit 1

      OFFICE BUILDING • 0.08 Acres
      655 Bennett St, Southern Pines, NC 28387-5919
      View Details
    • Value Estimation
      $305,000
      3.06 Acres

      1340 Central Dr

      OFFICE BUILDING • 3.06 Acres
      1340 Central Dr, Southern Pines, NC 28387-2104
      View Details
    • Value Estimation
      $320,000
      0.34 Acres

      175 New Hampshire Ave

      OFFICE BUILDING • 0.34 Acres
      175 New Hampshire Ave, Southern Pines, NC 28387-4826
      View Details
    • Value Estimation
      $275,000
      0.21 Acres

      650th N Page St

      OFFICE BUILDING • 0.21 Acres
      650th N Page St, Southern Pines, NC 28387-4145
      View Details
    • Value Estimation
      $345,000
      0.35 Acres

      150 Perry Dr

      OFFICE BUILDING • 0.35 Acres
      150 Perry Dr, Southern Pines, NC 28387-7020
      View Details
    • Value Estimation
      $325,000
      1.52 Acres

      355 Pinehurst Ave

      OFFICE BUILDING • 1.52 Acres
      355 Pinehurst Ave, Southern Pines, NC 28387-7025
      View Details

    Similar Nearby for Sale

    • $114,999

      Residential Land for Dream Home

      4.02-acre lot ideal for building a dream home.
      105 S Fort Bragg Rd, Southern Pines, NC 28387
      View Details
    • $1,300,000
      Pending

      Southern Pines Commercial Land Opportunity

      2.86 acres of commercial land for sale near downtown.
      1035-1055 Old Us Highway 1, Southern Pines, NC 28387
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    • $150,000
      Pending

      Southern Pines Land For Sale

      6.2 acre land suitable for custom home or multi-family investment.
      Mcneill Rd, Southern Pines, NC 28387
      View Details
    • $1,100,000
      18.00 Acres

      Equestrian Land in Southern Pines

      18-acre parcel in the heart of horse country.
      Calloway Pl, Southern Pines, NC 28387
      View Details
    • $109,000
      0.44 Acres

      Southern Pines Residential Land Parcel

      0.44-acre lot near Southern Pines, build your dream home.
      Yadkin Rd, Southern Pines, NC 28387
      View Details
    • $394,000
      7.88 Acres

      Southern Pines Industrial Land Available

      7.88 acres of industrial land for sale in Southern Pines.
      200 Grannys Ln, Southern Pines, NC 28387
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,672 SF

      Downtown Southern Pines Office/Retail

      Prime Southern Pines location, flexible space.
      110 Connecticut Ave, Southern Pines, NC 28387
      View Details
    • $825 /Mo
      105 SF

      Downtown Southern Pines Office Space

      Professional office space for lease in downtown Southern Pines.
      250 W Pennsylvania Ave, Southern Pines, NC 28387
      View Details
    • $700 /Mo
      104 SF

      Downtown Southern Pines Office Space

      Individual office space in downtown Southern Pines, available immediately.
      115 E Pennsylvania Ave Unit, Southern Pines, NC 28387
      View Details
    • $18 SF/Yr
      4,762 SF

      Prime Southern Pines Office & Retail Space

      Versatile Office/Retail, 4,377 SF Available
      650 Broad St, Southern Pines, NC 28387
      View Details
    • $1,350 /Mo
      228 SF

      Downtown Southern Pines Office Suite

      Two-room office suite in downtown Southern Pines, available May 2025.
      115 E Pennsylvania Ave Unit, Southern Pines, NC 28387
      View Details
    • $1,000 /Mo
      675 SF

      Downtown Southern Pines Office Space

      Third-floor office space in downtown Southern Pines available for lease.
      164 NW Broad St Unit, Southern Pines, NC 28387
      View Details
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    Southern Pines, NC 28387
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    Realmo Value Estimation

    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.

    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.

    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
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