Class A Office
For Sale
$695,000
1210 Country Club Road, Jacksonville, NC 28546
Commercial Sale, Jacksonville, NC
Property Size3,000 SF
Lot Size0.88 Acres
Price / SF$231.67
Days on Market368
Property Features for 1210 Country Club Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
OI
Parking features
Off Street, Driveway
Subdivision
Not In Subdivision
Directions
Western Blvd to Country Club Rd, property is on the left.
Standard status
Active
APN
346f-47.9
Size
3,000 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SR 1403
Tax Annual Amount
8033
Legal Description
SR 1403
Utilities
Utilities
Water Available
Water source
Public
Building Details
Year built
2023
Building materials
Brick, Steel Frame
Listing Agency:
Ray Properties, INC
(910) 346-8218
Listed By:
Matt C Ray · License #266827
(910) 388-6620
Added: Aug 21, 2025
Changed: Aug 19
Last Checked: Aug 23 at 2:06PM
MLS# 100526417
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.
Investment Insights
Based on property information with market context.
This 3,000-square-foot office unit is part of a 2023 Class A building currently under construction. Delivered in shell condition, the space allows a purchaser to plan and complete an interior configuration tailored to its operations. The offering represents a 50% ownership interest in the office building and is zoned OI.
Completed exterior and site improvements include brick and steel-frame construction, paved parking, sidewalks, stormwater management, and finished exterior work. The property includes off-street parking and a driveway, with water available through a public water source. Located in Jacksonville, North Carolina, the site is positioned on a 0.88-acre parcel.
Completed exterior and site improvements include brick and steel-frame construction, paved parking, sidewalks, stormwater management, and finished exterior work. The property includes off-street parking and a driveway, with water available through a public water source. Located in Jacksonville, North Carolina, the site is positioned on a 0.88-acre parcel.
Key Highlights
- 3,000 SF office unit in a 2023 Class A building
- Shell condition supports a customized interior build‑out
- 50% ownership interest in the office building
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
$34,425
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
4.95%
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%
$688,500
$688.5K
Cap Rate 7%
$491,786
$491.8K
Cap Rate 9%
$382,500
$382.5K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$8.1K −$2.70/SF
EGI
$45.9K $15.30/SF
− OpEx
−$11.5K −$3.82/SF
NOI
$34.4K $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%
$688,500
Cap Rate 7%
$491,786
Cap Rate 9%
$382,500
Alternative Uses
Best Use
Office B
$491.8K
$430.3K – $573.8K
NOI $34,425 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly constructed shell space offers a blank canvas for a customized office build-out.
Where is this office units located?
The property is located at 1210 Country Club Road Jacksonville, NC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,000 SF office unit in a 2023 Class A building; Shell condition supports a customized interior build‑out; 50% ownership interest in the office building
