Warehouse and Office Property
For Sale
$1,090,000
4235 7 Lakes Plz, West End, NC
Two commercial buildings plus an adjacent gated lot, offering highway frontage, dock-door loading, and dedicated office or storage space.
Property Size7,400 SF
Price / SF$147.30
Days on Market390
Property Features for 4235 7 Lakes Plz
General Information
Standard status
Active
Size
7,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Dock-High Doors
1
Listing Agency:
TRIAD OMNI PROPERTIES/LAKE JEANETTE REALTY
(336) 282-5253
Listed By:
Greg Cranford
(336) 282-5253
Source:
Exprealty
Added: Aug 8, 2025
Changed: Aug 25
Last Checked: Aug 30 at 10:44PM
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 TRIAD OMNI PROPERTIES/LAKE JEANETTE REALTY
Investment Insights
Based on property information with market context.
This bundled offering includes two commercial buildings and an adjacent lot. 4235 Seven Lakes Plaza is a brick building with additional covered porch space supported by brick columns, and it includes dedicated office or storage areas separate from the main portion. 195 N. Trade Street is a Mesco metal commercial building with a large dock door for loading and unloading, along with dedicated office or storage space apart from the primary area.
The properties front heavily traveled NC Hwy 211 for visibility and signage opportunities. An additional access point is provided from 195 N. Trade Street, located directly behind the highway-front building. A connected, adjacent gated lot links both sites and offers parking and drive-through access.
The seller also notes an upcoming widening of Hwy 211 to four lanes.
The properties front heavily traveled NC Hwy 211 for visibility and signage opportunities. An additional access point is provided from 195 N. Trade Street, located directly behind the highway-front building. A connected, adjacent gated lot links both sites and offers parking and drive-through access.
The seller also notes an upcoming widening of Hwy 211 to four lanes.
Key Highlights
- Bundle includes 4235 Seven Lakes Plaza and 195 N. Trade Street plus an adjacent gated lot (7,400 sq. ft. total buildings).
- 4235 Seven Lakes Plaza: 2,400 sq. ft. brick commercial building with an additional 400 sq. ft. covered porch with brick columns.
- Frontage on heavily traveled NC Hwy 211 with signage potential for the 4235 Seven Lakes Plaza building.
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
$54,006
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
4.95%
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%
$1,080,120
$1.1M
Cap Rate 7%
$771,514
$771.5K
Cap Rate 9%
$600,067
$600.1K
Market Conditions
NOI Build-Up for 7,400 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
$66.6K $9.00/SF
− Vacancy
−$3.1K −$0.41/SF
EGI
$63.5K $8.59/SF
− OpEx
−$9.5K −$1.29/SF
NOI
$54.0K $7.30/SF
Area
Moore County, NC
Vacancy
4.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,080,120
Cap Rate 7%
$771,514
Cap Rate 9%
$600,067
Alternative Uses
Best Use
Warehouse
$771.5K
$675.1K – $900.1K
NOI $54,006 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.65M
NOI $98,704 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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?
Warehouse - Two commercial buildings plus an adjacent gated lot, offering highway frontage, dock-door loading, and dedicated office or storage space.
Where is this warehouse located?
The property is located at 4235 7 Lakes Plz West End, NC.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Bundle includes 4235 Seven Lakes Plaza and 195 N. Trade Street plus an adjacent gated lot (7,400 sq. ft. total buildings).; 4235 Seven Lakes Plaza: 2,400 sq. ft. brick commercial building with an additional 400 sq. ft. covered porch with brick columns.; Frontage on heavily traveled NC Hwy 211 with signage potential for the 4235 Seven Lakes Plaza building.
