Retail Suite with Rear
For Sale
Contact for pricing
1203c Hargett Street, Jacksonville, NC 28540
Rear rooms offer space for office functions, storage, inventory, or work areas.
Property Size2,400 SF
Price / SF$1.19
Days on Market23
Property Features for 1203c Hargett Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Business
Building Details
Year Built
1951
Listing Agency:
Sun Coast Partners Commercial
(910) 350-1200
Listed By:
Martin A Aragona · License #192973
(910) 389-8478
Source:
Navigaterealty
Added: Oct 8
Changed: Oct 30
Last Checked: Oct 30 at 2:00AM
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 Sun Coast Partners Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot retail unit is located in New River Shopping Center in Jacksonville. Its rear rooms can accommodate office, storage, inventory, or work functions, and the layout can be customized. A rear entrance provides access for deliveries. The building dates to 1951.
Potential uses include retail, professional office, showroom, training, and studio space. Any use is subject to landlord approval and applicable zoning.
Potential uses include retail, professional office, showroom, training, and studio space. Any use is subject to landlord approval and applicable zoning.
Key Highlights
- 2,400 SF retail unit in New River Shopping Center
- Rear entrance provides access for deliveries
- Rear rooms can serve as offices, storage, inventory, or work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,140
$445.1K
Cap Rate 7%
$317,957
$318.0K
Cap Rate 9%
$247,300
$247.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$34.6K $14.40/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$31.8K $13.25/SF
− OpEx
−$9.5K −$3.97/SF
NOI
$22.3K $9.27/SF
Area
Onslow County, NC
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,140
Cap Rate 7%
$317,957
Cap Rate 9%
$247,300
Alternative Uses
Best Use
Retail
$318.0K
$278.2K – $371.0K
NOI $22,257 @ 7.0% cap · market cap 780.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 1,280.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 35%
Apparel 8%
SONIC Drive In
Dining
9,155 visits/mo
0.3 miles
Dollar General
Shops & Services
5,619 visits/mo
0.2 miles
Citi Trends
Apparel
1,262 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Rear rooms offer space for office functions, storage, inventory, or work areas.
Where is this retail space located?
The property is located at 1203c Hargett Street Jacksonville, NC.
What are key features of this property?
This property features: 2,400 SF retail unit in New River Shopping Center; Rear entrance provides access for deliveries; Rear rooms can serve as offices, storage, inventory, or work areas
