Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    251 Western Blvd Jacksonville, NC 28546

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,000 SF retail/office space available for lease.

    Property size:
    4,000 SF
    Lot size:
    1.28 Acres

    Property Features for 251 Western Blvd

    General Information

    Size
    4,000 SF
    Lot size
    1.28 Acres

    We can help!

    Listing Contact
    Amy Lewis Spicuzza
    Source: Moodyscre

    Listing Agency: Courtyard Commercial Properties Listing Agent: Amy Lewis Spicuzza

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail/Office Space on Western Boulevard

    This property offers approximately 4,000 square feet of retail or office space available for lease. It is located on Western Boulevard in Jacksonville, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Verizon Telecommunications Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.3820343
    Latitude
    34.7558101

    Nearby Similar for Lease

    • $4,900 /Mo
      6,600 SF

      Renovated Industrial Warehouse & Trucking Facility

      Move-in ready warehouse with modern office in Jacksonville, NC.
      161 Center St, 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 Blvd, Jacksonville, NC 28540
      View Details
    • $4,900 /Mo
      3,910 SF

      Versatile Commercial Space in Jacksonville

      3,910 SF commercial space in New River Shopping Center.
      1239 Hargett St, 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 Rd, Jacksonville, NC 28540
      View Details
    • New
      $4,750 /Mo
      4,200 SF

      Medical Office Space Near Hospital

      Move-in ready medical office space near Onslow Memorial Hospital.
      219 Station St, Jacksonville, NC 28546
      View Details
    • New
      $5,500 /Mo
      4,452 SF

      Turn-Key Sports Bar and Grill

      Established sports bar and grill available for lease.
      2532 Onslow Dr, Jacksonville, NC 28540
      View Details
    • $2,200 /Mo
      1,640 SF

      Downtown Jacksonville Creative Office Space

      Modern industrial office space in revitalizing downtown Jacksonville.
      624 New Bridge St, Jacksonville, NC 28540
      View Details
    • $1,875 /Mo
      1,500 SF

      Retail/Office Space in Jacksonville

      1,500 SF retail/office space in a high-traffic shopping center.
      1219 Hargett St, Jacksonville, NC 28540
      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 Rd, Jacksonville, NC 28540
      View Details
    • $1,950 /Mo
      960 SF

      Jacksonville Office Space For Rent

      Centrally located office space with utilities included near Jacksonville Mall.
      1703 Country Club Rd, Jacksonville, NC 28546
      View Details
    • New
      $5,250 /Mo
      3,000 SF

      New Office Space Available

      3000 SF office space ready for buildout.
      1210 Country Club Rd, Jacksonville, NC 28546
      View Details
    • $550 /Mo
      1,500 SF

      Furnished Office Space Available

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

    FAQs

    What type of property is this?
    Retail space - 4,000 SF retail/office space available for lease.
    Where is this retail space located?
    The property is located at 251 Western Blvd Jacksonville, NC.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Retail/Office space available for lease; - Located on Western Boulevard; - Approximately 4,000 SF available
    (910) 256-6477 Call to check price and availability
    Request Owner's contact information
    251 Western Blvd Jacksonville, NC 28546
    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.
    251 Western Blvd
    Jacksonville, NC 28546
    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
    251 Western Blvd Jacksonville, NC 28546
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Amy Lewis Spicuzza
    (910) 256-6477 (910) 443-4284
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!