Corner Restaurant Building with
For Sale
$725,000
1301 Gum Branch Road, Jacksonville, NC 28540
CC-zoned property includes dining, pickup, food-preparation, refrigeration, and restroom areas.
Property Size2,520 SF
Price / SF$287.70
Days on Market50
Property Features for 1301 Gum Branch Road
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Commercial
Zoning
CC
Taxes and HOA fees
Annual Taxes
$10,648
Amenities
No
Yes
Corner Lot
Public
0.52
150 x 152
Brick
Private,Parking Lot,Asphalt
Slab
4+ Lanes
2520.0
Building Details
Year Built
1975
Listing Agency:
Keller Williams Innovate-OIB Mainland
(912) 233-6000
Listed By:
Robert E. Laramy
(912) 596-2778
Source:
Baystreetrealtygroup
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 16 at 5:51AM
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 Keller Williams Innovate-OIB Mainland
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Investment Insights
Based on property information with market context.
This restaurant property at 1301 Gum Branch Road includes a dining room, dedicated pickup area, two commercial hood systems, a fry station, walk-in refrigerator, walk-in freezer, and two restrooms. The building previously operated as a Pizza Hut restaurant and was constructed in 1975.
The property occupies a .52-acre corner lot in Jacksonville, North Carolina, with access from a 4-lane roadway and exposure from multiple directions. The site configuration supports on-site parking and vehicle circulation. CC zoning is in place, and the existing restaurant improvements provide a defined starting point for continued food-service use or a related commercial concept.
The property occupies a .52-acre corner lot in Jacksonville, North Carolina, with access from a 4-lane roadway and exposure from multiple directions. The site configuration supports on-site parking and vehicle circulation. CC zoning is in place, and the existing restaurant improvements provide a defined starting point for continued food-service use or a related commercial concept.
Key Highlights
- .52‑acre corner lot at 1301 Gum Branch Road
- Restaurant building constructed in 1975
- Positioned along a 4‑lane roadway with access from multiple directions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,319
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,380
$646.4K
Cap Rate 7%
$461,700
$461.7K
Cap Rate 9%
$359,100
$359.1K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$45.4K $18.00/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$43.1K $17.10/SF
− OpEx
−$10.8K −$4.27/SF
NOI
$32.3K $12.83/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,380
Cap Rate 7%
$461,700
Cap Rate 9%
$359,100
Alternative Uses
Best Use
Specialty Retail
$461.7K
$404.0K – $538.7K
NOI $32,319 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 21%
Apparel 16%
Dining 2%
Ollie's Bargain Outlet
Shops & Services
21,733 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
16,885 visits/mo
0.5 miles
Exxon
Shops & Services
10,551 visits/mo
0.3 miles
Dollar General
Shops & Services
6,746 visits/mo
0.1 miles
Plato's Closet
Apparel
6,338 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- No.1 China Buffet — 1036 Henderson Dr, Jacksonville, NC 28540
Frequently Asked Questions
What type of property is this?
Conventional restaurant - CC-zoned property includes dining, pickup, food-preparation, refrigeration, and restroom areas.
Where is this conventional restaurant located?
The property is located at 1301 Gum Branch Road Jacksonville, NC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: .52‑acre corner lot at 1301 Gum Branch Road; Restaurant building constructed in 1975; Positioned along a 4‑lane roadway with access from multiple directions
