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    Renovated Flex Space Investment Opportunity Title is generated by Realmo AI

    1030 Juniper Lake Rd, West End, NC

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    11,600 SF flex space property with immediate returns.

    Type:FLEX_R_AND_D
    Property size:
    11,600 SF
    Lot size:
    1.19 Acres
    Price / SF:
    $129/SF
    Added:
    Sep 18, 2024
    Days on Market:
    638
    Last Refresh:
    May 20 at 8:57 pm

    Property Features for 1030 Juniper Lake Rd

    General Information

    Standard status
    Active
    Size
    11,600 SF
    Lot size
    1.19 Acres
    Property subtype
    FLEX_R_AND_D

    We can help!

    Listing Contact
    Janice Dixon
    Janice Dixon

    Listing agent Janice Dixon License #108248

    Listing office Synergy Commercial Properties

    Listing date Sep 18, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Synergy Commercial Properties

    HighLights

    • 100% Occupancy: Provides immediate returns for investors
    • Prime Moore County Location: Highly desirable and strategic
    • 11,600 SF Industrial/Flex Space: Offers substantial space with 9 units
    • Commercial Zoning: Allows for diverse usage options
    • Renovated in 2005: Modernized and updated
    • Investment Opportunity: Capitalizes on the thriving industrial/flex space market

    Overview

    This 11,600 square foot industrial/flex space property, constructed in 1946 and renovated in 2005, features 9 units. The property is located in Moore County and has commercial zoning that allows for diverse usage options. The property is currently 100% occupied, providing immediate returns. This property represents an opportunity to capitalize on the industrial/flex space market.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $197.7k $17.04
    − Vacancy −$15.4k −$1.33
    EGI $182.2k $15.71
    − OpEx −$63.8k −$5.50
    NOI $118.5k $10.21
    11,600 SF · lease $17.04/SF/yr · vacancy 7.80% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $1.69M
    $1.48M – $1.97M (±1% cap)
    NOI $118,460 @ 7.0% cap · market cap 7.90%
    Second Best
    Industrial
    $996.0K
    $871.5K – $1.16M (±1% cap)
    NOI $69,718 @ 7.0% cap · market cap 4.65%
    Theoretical Best
    Specialty Retail
    $2.21M
    $1.93M – $2.58M (±1% cap)
    NOI $154,725 @ 7.0% cap · market cap 10.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Hotel & Motel Pharmacy Storage Facility Cosmetic Store Pet Grooming Service Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West End
    County
    Moore
    State
    North Carolina
    Longitude
    -79.4816
    Latitude
    35.2248

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    FAQs

    What type of property is this?
    Flex space - 11,600 SF flex space property with immediate returns.
    Where is this flex space located?
    The property is located at 1030 Juniper Lake Rd West End, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 100% Occupancy: Provides immediate returns for investors; Prime Moore County Location: Highly desirable and strategic; 11,600 SF Industrial/Flex Space: Offers substantial space with 9 units
    (910) 916-5771 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Janice Dixon
    Janice Dixon
    Real Estate License ID: 108248
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