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Property profile & analytics
OFF-MARKET Estimated value $620,000
Retail space

650 Broad St Southern Pines, NC 28387-5911

0.21 ac lot Built 1991
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-5198687
Property summary
AI-generated overview

This exceptional Southern Pines property at 650 SW Broad St, offers a unique blend of office and retail space, totaling 4,762 square feet in a single-story, 1945-built building. Currently, 4,377 square feet is available for lease, perfect for a variety of businesses. The zoning is CB. The property features multiple tenancy options, catering to diverse needs. Executive suites are available, each boasting large windows, high ceilings, tiled floors, and coded locks, offering flexible month-to-month lease terms. A larger office suite provides a private entrance, restroom, eight private offices, a storage room, and a shared common area. Additionally, a retail suite is available with a street-facing entrance on SW Broad St. This suite includes two large private offices, a spacious kitchen/break room, two rooms that can be used as either private restrooms or storage rooms, a waiting area, and ample space for cubicles. This versatile property, with its diverse layout and flexible lease options, presents a compelling opportunity for businesses seeking a prominent location in Southern Pines, NC (zip code 28387). The property's APN is 8581-09-06-6917. Individual spaces range from 150 to 4,377 square feet.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1991
Lot 0.21 ac (9,148 SF)
Zoning code CB
APN 99000382
UPID US53-5198687
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
  • Studio Amethyst, LLC Hair Salon
  • Revive Spa & Lash Lounge Spa & Massage Center
  • Revive Spa & Lash Lounge LLC - Southern Pines Salon Spa & Massage Center
  • Greater Vision Counseling & Consulting Agency PLLC Crisis Center Medical Clinic
  • Age-Undefined Aesthetics Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k
Owner & transaction history
Lilmeg Properties LLC · 3 yrs held
Lilmeg Properties LLC
since 2022
Last sale
$622,000
3 recorded transactions
2022
$622,000
2011
$365,000
2008
$650,000
Zoning & alternative use
CB · Southern Pines, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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