Mixed-Use Property with Warehouse
For Sale
$1,250,000
1212-1216 Gum Branch Road, Jacksonville, NC 28540
Commercial property combines office occupancy, rear warehouse space, and dual roadway access.
Property Size8,206 SF
Lot Size3.60 Acres
Price / SF$152.44
Days on Market431
Property Features for 1212-1216 Gum Branch Road
General Information
Standard status
Active
Size
8,206 SF
Lot size
3.60 Acres
Property subtype
Commercial
Zoning
CC
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
2,700 SF
Building Details
Building Size
8,206 SF
Year Built
1974
Buildings
3
Tenancy
Multi
Listing Agency:
Ray Properties, INC
(910) 388-6620
Listed By:
Matt C Ray · License #266827
(910) 388-6620
Source:
Thomasrealtysold
Added: Jun 5, 2025
Changed: Aug 7
Last Checked: Aug 9 at 1:31PM
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 Ray Properties, INC
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes an approximately 8,200 SF building completed in 1974, occupied by Chick-fil-A Administrative Offices and Overhead Door Company. Two additional rear warehouses contribute approximately 2,700 SF, along with a laydown yard area. The property is zoned CC and includes approximately 3.6 acres.
The site fronts Gum Branch Road and extends through to Onsville Drive, providing access from both roads. Jacksonville, NC, provides the surrounding market context for this commercial asset.
The site fronts Gum Branch Road and extends through to Onsville Drive, providing access from both roads. Jacksonville, NC, provides the surrounding market context for this commercial asset.
Key Highlights
- ±8,200 SF commercial building completed in 1974
- Two rear warehouses totaling ±2,700 SF
- Approximately ±3.6 acres zoned CC
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
$94,095
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
7.53%
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%
$1,881,900
$1.9M
Cap Rate 7%
$1,344,214
$1.3M
Cap Rate 9%
$1,045,500
$1.0M
Market Conditions
NOI Build-Up for 8,200 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
$147.6K $18.00/SF
− Vacancy
−$22.1K −$2.70/SF
EGI
$125.5K $15.30/SF
− OpEx
−$31.4K −$3.82/SF
NOI
$94.1K $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%
$1,881,900
Cap Rate 7%
$1,344,214
Cap Rate 9%
$1,045,500
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,095 @ 7.0% cap · market cap 7.53%
Second Best
Mixed Use
$808.3K
$707.3K – $943.0K
NOI $56,580 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,692 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines office occupancy, rear warehouse space, and dual roadway access.
Where is this mixed-use property located?
The property is located at 1212-1216 Gum Branch Road 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: ±8,200 SF commercial building completed in 1974; Two rear warehouses totaling ±2,700 SF; Approximately ±3.6 acres zoned CC
