3625 Murdocksville RdWest End, NC 27376

Property Details for 3625 Murdocksville Rd

Year built

1991

Lot size

1.44 AC

Zone code

B-2

Property type

Retail space

APN

17714

APU

17714

Description

This exceptional investment opportunity presents a 11,540 square foot retail storefront located at 3625 Murdocksville Rd, West End, NC 27376, in Moore County. The property, built in 2005, consists of two single-story buildings totaling nine units and sits on a 1.14-acre lot. Currently boasting 100% occupancy with a lease expiration date of July 15, 2024, this Class B property offers immediate return on investment. The asking price is $1,500,000, translating to $129.98 per square foot. The net rentable area is 11,540 square feet, zoned for commercial use, providing flexibility for various retail businesses. This prime location within the thriving market of Moore County makes it an attractive investment for both seasoned and aspiring investors seeking a strong, stable income stream. The property's strong performance history and high occupancy rate make it a compelling opportunity in a desirable area. This net lease investment offers a compelling opportunity to acquire a well-maintained, high-performing retail property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $23,863,740

  6.5%

  $22,028,068

  7%

  $20,454,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,120,520

  Geo Method

  $36,283,276

• Alternative Use

  Use

  Valuation

  Residential

  $18,581,498

  Hospitality

  $17,020,552

  Educational

  $14,160,900

  Medical

  $14,647,915

  Retail

  $22,028,068

Location Insight

City

West End

County

Moore

State

North Carolina

Latitude

35.2249

Longitude

-79.4813

CBSA code

38240

CBSA name

PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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