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    Prime Commercial Space, Jacksonville, NC Title is generated by Realmo AI

    1150 Piney Green Road, Jacksonville, NC 28546

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    For Lease
    $3,100/Mo $33 SF/Yr (calc)

    COMMERCIAL - Jacksonville, NC

    Property size:
    1,100 SF
    Lot size:
    0.79 Acres
    Added:
    May 9, 2026
    Days on Market:
    3
    Last Refresh:
    May 11 at 10:06 am

    Property Features for 1150 Piney Green Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    NB
    Parking
    40
    Standard status
    Active
    APN
    1106-15.6
    Size
    1,100 SF
    Lot size
    0.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8382
    Expense value
    3100
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Water source
    Public

    Building Details

    Year built
    2019

    We can help!

    Listing Contact
    Brock B Goss
    Brock B Goss

    Listing agent Brock B Goss License #281298

    Listing office Coldwell Banker Sea Coast Advantage - Jacksonville 2355 Western Blvd Ste 300, Jacksonville, NC

    Listing date May 9, 2026

    MLS# 100572680

    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

    • High‑visibility location on a heavily trafficked corridor.
    • Flexible leasing opportunity with suites from 1,000‑3,000 sq ft that can be leased separately or combined.
    • Excellent frontage and direct access from both directions of Piney Green Road.
    • Space can be reconfigured for a wide range of retail or service‑oriented businesses.
    • Newer construction (built in 2019).
    • Ease of ingress and egress for customers and employees.

    Overview

    This commercial property in Jacksonville, NC, offers a flexible leasing opportunity in a high-traffic area. The available space includes three individual suites, each approximately 1,000 square feet. Suites can be leased separately or combined for a total of up to 3,000 square feet. Currently configured for office use, the space can be adapted for various retail or service-oriented businesses. Real estate sales and property management uses are restricted. Located on Piney Green Road, the property features frontage, high daily traffic, and direct access from both directions. The offering is a triple net (NNN) lease with a minimum term of five years. Tenants are responsible for utilities and services, including electricity, water, internet, and trash. The lot size is 0.79 acres. The property is located in Onslow County, with zoning designated as NB.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anchor Real Estate, ... Property Management Company Holly Sanchez Motto ... Loan Service Motto Mortgage Coastal ... Loan Service Christian Carter Motto ... Loan Service Anchor Real Estate Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.344405
    Latitude
    34.764975

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    FAQs

    What type of property is this?
    Retail space - Highly visible commercial property with flexible leasing options.
    Where is this retail space located?
    The property is located at 1150 Piney Green Road Jacksonville, NC.
    What is the lease rate?
    The lease rate is $3,100 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on a heavily trafficked corridor.; Flexible leasing opportunity with suites from 1,000‑3,000 sq ft that can be leased separately or combined.; Excellent frontage and direct access from both directions of Piney Green Road.
    (910) 915-6652
    We can help!
    Listing Contact
    Brock B Goss
    Brock B Goss
    Real Estate License ID: 281298
    Learn More
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    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
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