Renovated Flex Space Investment
For Sale
$1,500,000
1030 Juniper Lake Road, West End, NC 27376
11,600 SF flex space property with immediate returns.
Property Size11,600 SF
Days on Market294
Property Features for 1030 Juniper Lake Road
General Information
Standard status
Active
Size
11,600 SF
Property subtype
Industrial
Building Details
Building Size
11,600 SF
Year Built
1946
Listing Agency:
Synergy Commercial Properties
Listed By:
Janice M. Dixon, CCIM · License #North Carolina #108248
(910) 916-5771
Source:
Synergy-commercial
Added: Nov 23, 2025
Changed: Sep 11
Last Checked: Sep 13 at 6:55AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,369,200
$2.4M
Cap Rate 7%
$1,692,286
$1.7M
Cap Rate 9%
$1,316,222
$1.3M
Market Conditions
NOI Build-Up for 11,600 SF
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.
Gross rent
$197.7K $17.04/SF
− Vacancy
−$15.4K −$1.33/SF
EGI
$182.2K $15.71/SF
− OpEx
−$63.8K −$5.50/SF
NOI
$118.5K $10.21/SF
Area
Moore County, NC
Vacancy
7.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,369,200
Cap Rate 7%
$1,692,286
Cap Rate 9%
$1,316,222
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,460 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$996.0K
$871.5K – $1.16M
NOI $69,718 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,725 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27376, NC
9,317
Population
4,598
Households
2
Avg Household Size
48
Median Age
33%
College-Educated
96%
High-School Grad
68.6 sq mi
ZIP Area
136
Density / Sq Mi
$74,891
Median Household Income
$37,147
Median Earnings
$984
Median Rent
$314,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
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 Road 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
