West End Industrial Investment
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3625 Murdocksville Rd, West End, NC 27376
11,540 SF industrial space in West End, North Carolina.
Property Size11,540 SF
Price / SF$129.98
Days on Market768
Property Features for 3625 Murdocksville Rd
General Information
Standard status
Active
Size
11,540 SF
Class
B
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Net Lease
Building Details
Year Built
2005
Buildings
2
Stories
1
Units
9
Listing Agency:
Synergy Commercial Properties, LLC
Listed By:
Janice Dixon · License #108248
(910) 295-1801
Source:
Crexi
Added: Jul 30, 2024
Changed: Aug 23
Last Checked: Sep 2 at 12:01AM
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, LLC
Investment Insights
Based on property information with market context.
Located at 3625 Murdocksville Road, West End, NC 27376, this property offers 11,540 square feet of flexible industrial space. The property, renovated in 2005, is divided into 9 units and is currently 100% occupied. The commercial zoning allows for diverse usage. This property is located in Moore County's thriving market and offers an established rental history. The property has a Net Operating Income of $105,512 and a cap rate of 7.03%.
Key Highlights
- 100% Occupancy: Provides immediate return on investment with established rental income.
- Strong Income Potential: Generates a Net Operating Income of $105,512 and a 7.03% cap rate.
- Flexible Industrial Space: Features 11,540 SF of space divided into 9 units.
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
$117,847
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
7.86%
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%
$2,356,940
$2.4M
Cap Rate 7%
$1,683,529
$1.7M
Cap Rate 9%
$1,309,411
$1.3M
Market Conditions
NOI Build-Up for 11,540 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
$196.6K $17.04/SF
− Vacancy
−$15.3K −$1.33/SF
EGI
$181.3K $15.71/SF
− OpEx
−$63.5K −$5.50/SF
NOI
$117.8K $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%
$2,356,940
Cap Rate 7%
$1,683,529
Cap Rate 9%
$1,309,411
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,847 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$990.8K
$867.0K – $1.16M
NOI $69,358 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.57M
NOI $153,925 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - 11,540 SF industrial space in West End, North Carolina.
Where is this flex space located?
The property is located at 3625 Murdocksville Rd 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: 100% Occupancy: Provides immediate return on investment with established rental income.; Strong Income Potential: Generates a Net Operating Income of $105,512 and a 7.03% cap rate.; Flexible Industrial Space: Features 11,540 SF of space divided into 9 units.
