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Property profile & analytics
FOR LEASE
Office buildings
250 W Pennsylvania Ave Southern Pines, NC 28387
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5198998
For Lease
1 / 8
$88.39 SF/Yr
250 W Pennsylvania Ave, Southern Pines, NC 28387
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Lot
0.12 ac (5,314 SF)
Zoning code
CB
APN
20020528
UPID
US53-5198998
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
-
The Murphy Insurance Agency: A Leavitt Elite Insurance Advisors Affiliate Insurance Agency
-
New Colony Properties Real Estate Agency
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
Jammin Management LLC · 4 yrs held
Jammin Management LLC
since 2021
4 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
$3,880
Tax year 2024
Assessed value
$608,590
Assessed 2024
Previous assessed
$418,630
+45.4% YoY
Effective rate
0.64%
On assessed value
Assessed land
$213,300
Assessed improvement
$395,290
Land market value
$213,300
Improvement market value
$395,290
Total market value
$608,590
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Heating
NONE
Lot
0.12 ac (5,314 SF)
Zoning code
CB
APN
20020528
UPID
US53-5198998
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
2006
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Jammin Management LLC
Entity
Mailing address
250 W PENNSYLVANIA AVE, SOUTHERN PINES, NC 28387-5431
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Jammin Management LLC
—
Deed
related
$520,273 · The Fidelity Bank
Sep 2, 2021
—
Jammin Management LLC
The Murphy Agency LLC
Warranty Deed
$121,000 · The Fidelity Bank
Dec 14, 2012
—
New Colony Properties LLC
Terry R Nall
Quit Claim Deed
related
—
Jun 4, 2012
$180,000
The Murphy Agency LLC
Denise M Roberts
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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