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Property profile & analytics
OFF-MARKET
Bars & Pubs
515 Broad St Southern Pines, NC 28387-6012
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-5199913
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1998
Lot
0.28 ac (12,327 SF)
Zoning code
CB
APN
31748
UPID
US53-5199913
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
-
Southern Pines Elks Lodge #1692 Volunteer Organization Community Center
-
Thyme & Place Catering Take-out & Catering Catering Service
-
Grinders and Gravy Restaurant
-
Elks Lodge Southern Pines Charitable Organization Social Service 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
Southern Pines · 1 yrs held
Southern Pines
since 2024
5 recorded transactions
Zoning & alternative use
CB · Southern Pines, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ly (4) RS-2 - Residential Single-Family (5) RS-3 - Residential Single-Family (6) RM-1 - Residential Multi-Family Medium Density (7) RM-2 - Residential Multi-Family Low Density (B) Non-Residential or Mixed Use (1) CB - Central Business (2) GB - General Business (3) NB - Neighborhood Business (4) OS - Office/Service (5) I - Industrial (6) FRR - Facilities Reso…
Zone name
Central Business
General category
COMMERCIAL
Zone area
130.02 ac
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
$1,075
Tax year 2024
Assessed value
$753,740
Assessed 2024
Previous assessed
$753,740
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$288,400
Assessed improvement
$465,340
Land market value
$288,400
Improvement market value
$465,340
Total market value
$753,740
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1998
Heating
NONE
Lot
0.28 ac (12,327 SF)
Zoning code
CB
APN
31748
UPID
US53-5199913
Jurisdiction
MOORE
Zoning & alternative use
CB · Southern Pines, NCZoning 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
Zoning description
ly (4) RS-2 - Residential Single-Family (5) RS-3 - Residential Single-Family (6) RM-1 - Residential Multi-Family Medium Density (7) RM-2 - Residential Multi-Family Low Density (B) Non-Residential or Mixed Use (1) CB - Central Business (2) GB - General Business (3) NB - Neighborhood Business (4) OS - Office/Service (5) I - Industrial (6) FRR - Facilities Resource and Recreation (C) PD - Planned Development District 3.3.2. C
Zone name
Central Business
General category
COMMERCIAL
Zone area
130.02 ac
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Southern Pines
Individual
Free & Clear · 1 yrs held
Mailing address
515 SE BROAD ST, SOUTHERN PINES, NC 28387-6012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 6, 2024
$600,000
Southern Pines
Moco Broad LLC
Special Warranty Deed
—
Oct 5, 2022
—
Moco Broad LLC
G & G Development Corporation
Special Warranty Deed
$694,588 · Southern First Bank NA
Aug 30, 2022
—
Southern Pines Nc Lodge No 1692
Elks Home Of Southern Pines INC
Warranty Deed
—
Jun 21, 2022
$800,000
Elks Home Of Southern Pines INC
Curts Cucina LLC
Warranty Deed
—
Sep 16, 2016
$300,000
Curts Cucina LLC
Suzanne P Starling
Warranty Deed
$270,000 · Pnc Bank NA
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.
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