Commercial Land with Highway
New
For Sale
$750,000
130 Shelton Ln, Jacksonville, NC 28546
Highway Business zoning and access to Highway 17 North define the parcel’s commercial setting.
Property Size3,840 SF
Price / SF$195.31
Days on Market3
Property Features for 130 Shelton Ln
General Information
Standard status
Active
Size
3,840 SF
Building Details
Year Built
1965
Listing Agency:
Brown Properties of NC, Inc
Listed By:
Jeb Brown · License #249760
(910) 378-6687
Source:
Advantagecoastalproperties
Added: Oct 7
Last Checked: Oct 7 at 2:06PM
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 Brown Properties of NC, Inc
Investment Insights
Based on property information with market context.
This commercial parcel spans just over 2.5 acres and includes eight apartments across two buildings, each approximately 1,920 square feet. The existing apartments are served by an on-site septic system. The property was built in 1965, and an appraisal identifies redevelopment as its highest and best use.
The site has approximately 169 feet of frontage along Highway 17 North, with traffic counts around 20,000. Onslow County has removed the property from the Jacksonville ETJ and assigned Highway Business zoning. An easement provides for a deceleration lane and service road intended to connect with Wolf Swamp Road. A separate easement allows for a future water and sewer connection from the property along the rear boundary.
The site has approximately 169 feet of frontage along Highway 17 North, with traffic counts around 20,000. Onslow County has removed the property from the Jacksonville ETJ and assigned Highway Business zoning. An easement provides for a deceleration lane and service road intended to connect with Wolf Swamp Road. A separate easement allows for a future water and sewer connection from the property along the rear boundary.
Key Highlights
- Just over 2.5 acres with approximately 169 feet of frontage on Highway 17 North
- Traffic counts around 20,000
- Eight apartments in two buildings of approximately 1,920 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,911
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,220
$698.2K
Cap Rate 7%
$498,729
$498.7K
Cap Rate 9%
$387,900
$387.9K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$66.8K $17.40/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$63.5K $16.53/SF
− OpEx
−$28.6K −$7.44/SF
NOI
$34.9K $9.09/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,220
Cap Rate 7%
$498,729
Cap Rate 9%
$387,900
Alternative Uses
Best Use
Apartment 5plus
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.2K
$729.9K – $973.2K
NOI $58,393 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
92
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Highway Business zoning and access to Highway 17 North define the parcel’s commercial setting.
Where is this commercial land located?
The property is located at 130 Shelton Ln Jacksonville, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Just over 2.5 acres with approximately 169 feet of frontage on Highway 17 North; Traffic counts around 20,000; Eight apartments in two buildings of approximately 1,920 square feet each
