Brick Storefront
New
For Sale
$549,000
4303 7 Lakes Plz, West End, NC
Vacant commercial space with a flexible interior and parking at both the front and rear.
Property Size2,900 SF
Price / SF$189.31
Days on Market7
Property Features for 4303 7 Lakes Plz
General Information
Standard status
Active
Size
2,900 SF
Additional Details
Asking Price
$549,000
Highway Access
Yes
Amenities
front and rear parking
Building Details
Buildings
1
Construction
brick
Owner Occupied
No
Listing Agency:
Carolina Property Sales
(910) 695-0001
Listed By:
Justin Mace · License #344955
(910) 690-9561
Source:
Exprealty
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 23 at 2:31AM
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 Carolina Property Sales
Investment Insights
Based on property information with market context.
Located at 4303 7 Lakes Plz in West End, this vacant brick storefront building offers 2,900+ square feet of flexible commercial space. The open interior can accommodate retail, showroom, professional office, or other commercial concepts supported by the property’s storefront format.
Parking is available at both the front and rear of the building, providing convenient access for customers, clients, and employees. The property is adjacent to NC Highway 211 and sits within an established commercial area with direct access to the highway. Its current vacant condition allows an owner or occupant to configure the space for a new business operation.
Parking is available at both the front and rear of the building, providing convenient access for customers, clients, and employees. The property is adjacent to NC Highway 211 and sits within an established commercial area with direct access to the highway. Its current vacant condition allows an owner or occupant to configure the space for a new business operation.
Key Highlights
- 2, 900+ sq. ft. brick commercial building
- Vacant interior ready for a new commercial use
- Parking located 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
$23,799
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
4.33%
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%
$475,980
$476.0K
Cap Rate 7%
$339,986
$340.0K
Cap Rate 9%
$264,433
$264.4K
Market Conditions
NOI Build-Up for 2,900 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
$40.7K $14.04/SF
− Vacancy
−$6.7K −$2.32/SF
EGI
$34.0K $11.72/SF
− OpEx
−$10.2K −$3.52/SF
NOI
$23.8K $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%
$475,980
Cap Rate 7%
$339,986
Cap Rate 9%
$264,433
Alternative Uses
Best Use
Retail
$340.0K
$297.5K – $396.7K
NOI $23,799 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$552.6K
$483.5K – $644.7K
NOI $38,681 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway 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 Retail 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?
Storefront property - Vacant commercial space with a flexible interior and parking at both the front and rear.
Where is this storefront property located?
The property is located at 4303 7 Lakes Plz West End, 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, 900+ sq. ft. brick commercial building; Vacant interior ready for a new commercial use; Parking located at the front and rear of the building
