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Property profile & analytics
OFF-MARKET
Commercial real estate
Broad St Southern Pines, NC 28387
Individually Owned
~
Est. High Equity
Property ID
US53-5168032
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
13 ac (566,280 SF)
Zoning code
GB
APN
52519
UPID
US53-5168032
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
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
Mikhail Patrick Northland
Mikhail Patrick Northland
since 2026
Last sale
$434,500
7 recorded transactions
Zoning & alternative use
GB · 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
$576
Tax year 2024
Assessed value
$75,000
Assessed 2024
Previous assessed
$1,225,890
-93.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$75,000
Land market value
$75,000
Total market value
$75,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
13 ac (566,280 SF)
Zoning code
GB
APN
52519
UPID
US53-5168032
Jurisdiction
MOORE
Zoning & alternative use
GB · Southern Pines, NC
Zoning GB · permitted uses
GB · 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
Heating
NONE
Lot
13 ac
Current owner
From public records · entity-resolved
Mikhail Patrick Northland
Individual
Mailing address
413 KENDALL DR, SOUTHERN PINES, NC 28387-3701
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
$434,500
Mikhail Patrick Northland
Ascot Corporation LLC
Warranty Deed
$443,819 · Atlantic Bay Mortgage Group
Feb 9, 2026
$390,000
Matthew Fields
Ascot Corporation LLC
Warranty Deed
$375,826 · Pennymac Loan Services LLC
Feb 6, 2026
$378,000
George H Calhoun
The Ascot Corporation LLC
Warranty Deed
$227,900 · American Security Mortgage Corp
Dec 31, 2025
$406,000
Jackson Perkins
The Ascot Corporation LLC
Warranty Deed
$309,647 · Presidential Bank Fsb
Dec 30, 2025
$380,000
Colton Motz
The Ascot Corporation LLC
Warranty Deed
—
Dec 23, 2025
$405,000
Justin L Stec
The Ascot Corporation LLC
Warranty Deed
$390,424 · Nfm Lending
Dec 22, 2025
$405,000
Michael Hensley Koven
The Ascot Corporation LLC
Warranty Deed
$354,900 · Guaranteed Rate INC
Nov 24, 2025
$385,000
Dominic Joseph Villanueva
The Ascot Corporation LLC
Warranty Deed
$397,601 · Crosscountry Mortgage LLC
Nov 5, 2025
$380,000
Noelle Granville Mcintyre Living Tr
The Ascot Corporation LLC
Warranty Deed
—
Oct 31, 2025
$403,500
Bradley Lane Whitehall JR
The Ascot Corporation LLC
Warranty Deed
$307,192 · Umortgage LLC
Oct 31, 2025
$410,500
Charles Stephenson
The Ascot Corporation LLC
Warranty Deed
$395,824 · Umortgage LLC
Oct 27, 2025
$399,000
Kathleen Lore Rose
The Ascot Corporation LLC
Warranty Deed
$412,063 · Movement Mortgage
Oct 15, 2025
—
Shaws Landing Property Owners Assn
Cranes Creek LLC
Warranty Deed
—
Sep 9, 2025
—
Shaws Landing Property Owners Assn
Cranes Creek LLC
Warranty Deed
—
Jun 17, 2024
$385,000
Juan Miguel Bueno Torres
The Ascot Corporation LLC
Warranty Deed
$393,175 · Alcova Mortgage LLC
Jan 18, 2024
—
The Ascot Corporation LLC
Cranes Creek LLC
Warranty Deed
—
Jan 5, 2024
—
The Ascot Corporation LLC
Cranes Creek LLC
Warranty Deed
—
Apr 6, 2023
—
Cranes Creek LLC
—
Deed
related
$2,750,000 · First Bank
Nov 19, 2021
—
Cranes Creek LLC
—
Deed
related
$1,960,000 · First Bank
Oct 2, 2019
$1,125,000
Cranes Creek LLC
Mid State Development LLC
Warranty Deed
$1,600,000 · First Bank
Mar 24, 2016
$325,000
Mid-state Development LLC
Bsfc LLC
Warranty Deed
$321,100 · Yadkin 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.
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