Industrial/Flex Multi-Unit
For Sale
$1,500,000
1030 Juniper Lake Road, West End, NC 27376
Nine-unit industrial/flex building built in 1946, renovated in 2005, and currently fully occupied.
Property Size11,600 SF
Price / SF$129.31
Days on Market31
Property Features for 1030 Juniper Lake Road
General Information
Standard status
Active
Size
11,600 SF
Property subtype
Industrial - Flex - Industrial
Zoning
commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
11,600 SF
Year Built
1946
Year Renovated
2005
Units
9
Listing Agency:
Synergy Commercial Properties
(910) 295-1801
Listed By:
Janice M. Dixon, CCIM · License #108248
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 11
Last Checked: Aug 11 at 1:48PM
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 SF industrial/flex property features 9 units in a multi-tenant configuration. The building was constructed in 1946 and renovated in 2005. The property offers diverse usage options within commercial zoning and is reported as fully occupied.
Located at 1030 Juniper Lake Road in West End, NC, the asset sits in the Moore County industrial and flex-space market. The surrounding area is described as having convenient access to major transportation routes, including I-73 and US 15-501, supporting practical connectivity for tenants and operations.
Located at 1030 Juniper Lake Road in West End, NC, the asset sits in the Moore County industrial and flex-space market. The surrounding area is described as having convenient access to major transportation routes, including I-73 and US 15-501, supporting practical connectivity for tenants and operations.
Key Highlights
- 11,600 SF industrial/flex property with 9 units
- Built in 1946 and renovated in 2005
- Fully occupied with existing tenants
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
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,658 @ 7.0% cap · market cap 5.64%
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
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Nine-unit industrial/flex building built in 1946, renovated in 2005, and currently fully occupied.
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: 11,600 SF industrial/flex property with 9 units; Built in 1946 and renovated in 2005; Fully occupied with existing tenants
