Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Walgreens Plaza Title is generated by Realmo AI

    3069 Richlands Highway, Jacksonville, NC 28540

    View on Map
    Claim this Listing
    For Lease
    $14,385/Mo $13 SF/Yr (calc)

    COMMERCIAL - Jacksonville, NC

    Property size:
    12,959 SF
    Lot size:
    3.03 Acres
    Added:
    Aug 30, 2024
    Days on Market:
    627
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 3069 Richlands Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CC
    Standard status
    Active
    APN
    332-251
    Size
    12,959 SF
    Lot size
    3.03 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    L2 WALGREENS CO
    Tax Annual Amount
    16640
    Expense value
    14385
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Melissa Kepes
    Melissa Kepes

    Listing agent Melissa Kepes License #145288

    Listing office Ray Properties, INC 3684-C Henderson Dr, Ext, Jacksonville, NC

    Listing date Aug 30, 2024

    MLS# 100463784

    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.

    HighLights

    • 13,000 SF retail space available in Walgreens Plaza shopping center.
    • End unit location.
    • Formerly used as a call center.
    • Features large office spaces/conference room.
    • Two multi‑stall bathrooms.

    Overview

    Available for rent is a 13,000 square foot retail space located within the Walgreens Plaza shopping center in Jacksonville, North Carolina. The unit, situated at 3069 Richlands Highway, unit 2, was previously utilized as a call center. The layout includes large office spaces and a conference room. The property also features two multi-stall bathrooms. The property is located in Onslow County and has CC zoning. The lot size is 3.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service Walgreens Pharmacy Pharmacy Katheryn L. Dyer, ... Pharmacy LibertyX Bitcoin ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.474617
    Latitude
    34.754761

    Nearby Similar for Lease

    • $600/Mo
      7,170 SF

      Prime Retail/Office Space Available

      Retail/office suites available for lease on Western Blvd.
      411 Western Boulevard, Jacksonville, NC 28546
      View Details
    • $3,625/Mo
      1,500 SF

      New Construction Commercial Space Available

      New commercial spaces for lease in high-traffic Jacksonville corridor.
      6990 Western Boulevard, Jacksonville, NC 28546
      View Details
    • $1,500/Mo
      1,220 SF

      Downtown Jacksonville Professional Office Space

      Stand-alone office building in downtown Jacksonville available for lease.
      203 W Bayshore Boulevard, Jacksonville, NC 28540
      View Details
    • $5,000/Mo
      2,520 SF

      Former Pizza Hut Restaurant Location

      High-visibility corner lot restaurant, ready for new concept.
      1301 Gum Branch Road, Jacksonville, NC 28540
      View Details
    • $2,700/Mo
      1,400 SF

      Spacious Commercial Building in Jacksonville

      Commercial building with office rooms and open lobby for rent.
      3805 Henderson Drive, Jacksonville, NC 28546
      View Details
    • $2,200/Mo
      1,640 SF

      Downtown Jacksonville Creative Office Space

      Modern industrial office space in revitalizing downtown Jacksonville.
      624 New Bridge Street, Jacksonville, NC 28540
      View Details
    • $3,500/Mo
      3,910 SF

      Versatile Commercial Space in Jacksonville

      3,910 SF commercial space in New River Shopping Center.
      1239 Hargett Street, Jacksonville, NC 28540
      View Details
    • $5,000/Mo
      2,500 SF

      Commercial Office Space Available

      Premier commercial office space for rent near Jacksonville Mall.
      1715 Country Club Road, Jacksonville, NC 28546
      View Details
    • $3,500/Mo
      2,300 SF

      Versatile Commercial Space with Roll-Up

      Multi-use commercial space with roll-up doors and private office.
      115 Broadhurst Road, Jacksonville, NC 28540
      View Details
    • $5,000/Mo
      3,512 SF

      Updated Office Space Available

      Sublet opportunity in Jacksonville with recent updates and flexible zoning.
      110 Branchwood Drive, Jacksonville, NC 28546
      View Details
    • $1,950/Mo
      960 SF

      Jacksonville Office Space For Rent

      Centrally located office space near Jacksonville Mall with all utilities included.
      1703 Country Club Road, Jacksonville, NC 28546
      View Details
    • $550/Mo
      1,500 SF

      Furnished Office Space Available

      Private, furnished office space in a prime location.
      754 Ramsey Road, Jacksonville, NC 28546
      View Details

    FAQs

    What type of property is this?
    Strip mall - 13,000 SF retail space in Jacksonville, North Carolina.
    Where is this strip mall located?
    The property is located at 3069 Richlands Highway Jacksonville, NC.
    What is the lease rate?
    The lease rate is $14,385 /Mo.
    What are key features of this property?
    This property features: 13,000 SF retail space available in Walgreens Plaza shopping center.; End unit location.; Formerly used as a call center.
    (910) 330-0914
    We can help!
    Listing Contact
    Melissa Kepes
    Melissa Kepes
    Real Estate License ID: 145288
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3069 Richlands Highway, Jacksonville, NC 28540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!