8-Unit Apartment
New
For Sale
$750,000
130 Shelton Lane, Jacksonville, NC 28546
Commercial Sale, Jacksonville, NC
Property Size3,840 SF
Lot Size2.60 Acres
Price / SF$195.31
Days on Market1
Property Features for 130 Shelton Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IND
Subdivision
Not In Subdivision
Directions
From 17, turn onto Shelton Lane, property is on the right. traveling North, 0.7 miles after Piney Green Rd
Standard status
Active
APN
350-110
Size
3,840 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
US 17
Tax Annual Amount
2517
Legal Description
US 17
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1965
Listing Agency:
Brown Properties of NC, Inc
(910) 989-3351
Listed By:
Jeb Brown · License #249760
(910) 378-6687
Added: Oct 5
Last Checked: Oct 5 at 7:06PM
MLS# 100608292
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.
The property comprises two apartment buildings with approximately 1,920 square feet in each building and eight apartments overall. Built in 1965, the buildings have electric heating. The 2.6-acre parcel is zoned IND.
The property is located off Hwy 17 North in Jacksonville, where the stated traffic count is around 20,000.
The property is located off Hwy 17 North in Jacksonville, where the stated traffic count is around 20,000.
Key Highlights
- Eight apartments across two buildings
- 2.6‑acre parcel zoned IND
- Each building contains approximately 1920 sqft
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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Current Use
Lease Details
8
Residential units
Yes
Highway access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight apartments are arranged across two residential buildings on an industrial-zoned parcel.
Where is this apartment building located?
The property is located at 130 Shelton Lane 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: Eight apartments across two buildings; 2.6‑acre parcel zoned IND; Each building contains approximately 1920 sqft
