Building Details

Year Built 1978

Buildings 1

Construction brick

Listing Agency: Carolina Property Sales

Listed By: Justin Mace · License #344955 Show Phone

Source: Myhomesearchtriangle

Added: Sep 14 Changed: Sep 22 Last Checked: Sep 22 at 1:49PM

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Investment Insights

Based on property information with market context.

This vacant storefront property includes a 2,920-square-foot brick commercial building constructed in 1978. The open interior provides a flexible starting point for a new occupant or owner, with the property suitable for retail, showroom, office, or other commercial use as supported by the existing configuration.

Located at 4303 Seven Lakes Plz in Seven Lakes, the building sits adjacent to NC Highway 211 within an established commercial area. Parking is available on both sides of the building, providing separate front and rear access for customers, clients, or employees. The property is currently vacant and available for immediate occupancy or repositioning.

Key Highlights

• 2,920‑square‑foot brick commercial building
• Vacant storefront property
• Parking available at the front and rear of the 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

$23,963

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

4.36%

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%

$479,260 $479.3K

Cap Rate 7%

$342,329 $342.3K

Cap Rate 9%

$266,256 $266.3K

Market Conditions

NOI Build-Up for 2,920 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

$41.0K $14.04/SF

− Vacancy

−$6.8K −$2.32/SF

EGI

$34.2K $11.72/SF

− OpEx

−$10.3K −$3.52/SF

NOI

$24.0K $8.21/SF

Area

Moore County, NC

Vacancy

16.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

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%

$479,260

Cap Rate 7%

$342,329

Cap Rate 9%

$266,256

Alternative Uses

Best Use

Retail

$342.3K

$299.5K – $399.4K (±1% cap)

NOI $23,963 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$556.4K

$486.9K – $649.1K (±1% cap)

NOI $38,948 @ 7.0% cap · market cap 7.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Harris Printing Co Marketing & Advertising

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Bakery Daycare Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

295

Businesses Nearby

Under-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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Vacant brick storefront with parking at both the front and rear, positioned near NC Highway 211.

Where is this storefront property located?

The property is located at 4303 Seven Lakes Plz Seven Lakes, NC.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: 2,920‑square‑foot brick commercial building; Vacant storefront property; Parking available at the front and rear of the building