Mixed-Use Property with Salon
For Sale
$1,250,000
10 Dewitt Street, Jacksonville, NC 28540
Freestanding buildings contain office and salon suites with individually metered utilities.
Property Size4,925 SF
Price / SF$253.81
Days on Market380
Property Features for 10 Dewitt Street
General Information
Standard status
Active
Size
4,925 SF
Property subtype
General Commercial
Additional Details
Gross Income
$110,000
Utilities to Site
Yes
Amenities
Electric
3
CC
irregular
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
eXp Realty
(910) 915-4844
Listed By:
Robert Lane · License #285761
(910) 915-4844
Source:
Xome
Added: Aug 16, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:29PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This mixed-use property comprises multiple freestanding buildings totaling approximately 4,925 square feet, configured for office and salon suite occupancy. Individual utility metering supports separate expense allocation across the buildings. Improvements include new HVAC systems in Buildings 2 and 8, salon plumbing and ventilation in Buildings 2 and 4, and upgraded crawl-space vapor barriers and insulation in Buildings 2, 4, 8, and 10. Building 2 also includes a washer and dryer, while Building 10 received a new sump pump. The parking lot has been fully rehabilitated, with additional repairs completed throughout the property.
The property is located at 10 Dewitt Street in Jacksonville, near Camp Lejeune, major retail corridors, and established residential neighborhoods.
The property is located at 10 Dewitt Street in Jacksonville, near Camp Lejeune, major retail corridors, and established residential neighborhoods.
Key Highlights
- Approximately 4,925 square feet across multiple freestanding buildings
- Office and salon suite configuration with individually metered utilities
- Buildings 2 and 8 feature new HVAC systems
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
$56,514
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
4.52%
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%
$1,130,280
$1.1M
Cap Rate 7%
$807,343
$807.3K
Cap Rate 9%
$627,933
$627.9K
Market Conditions
NOI Build-Up for 4,925 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
$88.7K $18.00/SF
− Vacancy
−$13.3K −$2.70/SF
EGI
$75.4K $15.30/SF
− OpEx
−$18.8K −$3.82/SF
NOI
$56.5K $11.48/SF
Area
Onslow County, NC
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,130,280
Cap Rate 7%
$807,343
Cap Rate 9%
$627,933
Alternative Uses
Best Use
Office B
$807.3K
$706.4K – $941.9K
NOI $56,514 @ 7.0% cap · market cap 4.52%
Second Best
Mixed Use
$485.5K
$424.8K – $566.4K
NOI $33,983 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.07M
$936.2K – $1.25M
NOI $74,892 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - Freestanding buildings contain office and salon suites with individually metered utilities.
Where is this mixed-use property located?
The property is located at 10 Dewitt Street Jacksonville, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,925 square feet across multiple freestanding buildings; Office and salon suite configuration with individually metered utilities; Buildings 2 and 8 feature new HVAC systems
