Vacant Brick Mixed-Use
New
For Sale
$549,000
4303 Seven Lakes Plaza, Seven Lakes, NC 27376
Commercial Sale, Seven Lakes, NC
Property Size2,900 SF
Lot Size0.46 Acres
Price / SF$188.01
Days on Market3
Property Features for 4303 Seven Lakes Plaza
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
VB
Parking features
Parking Lot
Subdivision
Central Business Park
Lot features
Interior Lot
Directions
From NC HWY 211 drive towards Seven Lakes. At the stop light turn right onto Seven Lakes Drive. Take the first left onto Seven Lakes Plaza. Business and For Sale sign will be on your right. 4303 Seven Lakes Plaza.
Standard status
Active
APN
852500512687
Size
2,920 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SEVEN LAKES LOT 283R
Legal Description
SEVEN LAKES LOT 283R
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Amenities
front and rear parking
Building Details
Year built
1978
Building materials
Brick
Listing Agency:
Carolina Property Sales
(910) 695-0001
Listed By:
Justin Mace · License #344955
(910) 690-9561
Added: Sep 18
Last Checked: Sep 20 at 9:06PM
MLS# 100604511
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1978, this vacant 2,920-square-foot brick commercial building offers an adaptable interior for a new occupant or owner-user. The property includes central air, heat pump and electric heating, plus a dedicated parking lot with spaces positioned at both the front and rear of the building.
The property is located at 4303 Seven Lakes Plaza in Seven Lakes, adjacent to NC Highway 211. Its 0.46-acre site is within an established commercial area and provides convenient highway access. Zoning is VB, and the building’s existing configuration can accommodate a range of commercial layouts without an existing tenant in place.
The property is located at 4303 Seven Lakes Plaza in Seven Lakes, adjacent to NC Highway 211. Its 0.46-acre site is within an established commercial area and provides convenient highway access. Zoning is VB, and the building’s existing configuration can accommodate a range of commercial layouts without an existing tenant in place.
Key Highlights
- 2,920 square feet of commercial building area
- 0.46‑acre site at 4303 Seven Lakes Plaza
- Adjacent to NC Highway 211
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
$24,703
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
4.50%
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%
$494,060
$494.1K
Cap Rate 7%
$352,900
$352.9K
Cap Rate 9%
$274,478
$274.5K
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
$42.0K $14.40/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$39.5K $13.54/SF
− OpEx
−$14.8K −$5.08/SF
NOI
$24.7K $8.46/SF
Area
Moore County, NC
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
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%
$494,060
Cap Rate 7%
$352,900
Cap Rate 9%
$274,478
Alternative Uses
Best Use
Mixed Use
$352.9K
$308.8K – $411.7K
NOI $24,703 @ 7.0% cap · market cap 4.50%
Second Best
Retail
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$556.4K
$486.9K – $649.1K
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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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant brick commercial building with adaptable interior space, front and rear parking, and direct access to an established commercial area.
Where is this mixed-use property located?
The property is located at 4303 Seven Lakes Plaza 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 feet of commercial building area; 0.46‑acre site at 4303 Seven Lakes Plaza; Adjacent to NC Highway 211
