6-Unit Retail
For Sale
Contact for pricing
1911 Lejeune Blvd, Jacksonville, NC 28546
Six built-out spaces offer private restrooms, office areas, on-site parking, and shared roadside monument signage.
Property Size6,650 SF
Price / SF$101.50
Days on Market540
Property Features for 1911 Lejeune Blvd
General Information
Standard status
Active
Size
6,650 SF
Property subtype
RETAIL
Additional Details
Traffic Count
45,000 vehicles/day
Amenities
private parking
shaded by mature oak trees
prominent roadside monument sign
Building Details
Tenancy
Multi
Listing Agency:
Ray Properties Inc
(910) 388-6620
Listed By:
Matthew Ray · License #145288
(910) 388-6620
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:40AM
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 6,650-square-foot retail property is configured as a six-unit business park. Each unit includes its own bathroom along with functional floor and office areas, providing established commercial build-outs within the overall property. Private parking serves the units, while mature oak trees add shade across the site. A prominent roadside monument sign provides identification space for individual occupants and the business park.
The property is located at 1911 Lejeune Blvd in Jacksonville, directly across from Marine Corps Base Camp Lejeune. Lejeune Blvd carries more than 45,000 vehicles daily, placing the business park along a heavily traveled commercial corridor. The combination of multiple finished units, on-site parking, monument signage, and direct proximity to the base supports a range of retail and office-oriented occupancy needs.
The property is located at 1911 Lejeune Blvd in Jacksonville, directly across from Marine Corps Base Camp Lejeune. Lejeune Blvd carries more than 45,000 vehicles daily, placing the business park along a heavily traveled commercial corridor. The combination of multiple finished units, on-site parking, monument signage, and direct proximity to the base supports a range of retail and office-oriented occupancy needs.
Key Highlights
- 6,650 SF retail property configured as a six‑unit business park
- Each unit includes a private bathroom and functional floor/office space
- Private on‑site parking serves the business park
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
$61,669
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
9.14%
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%
$1,233,380
$1.2M
Cap Rate 7%
$880,986
$881.0K
Cap Rate 9%
$685,211
$685.2K
Market Conditions
NOI Build-Up for 6,650 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
$95.8K $14.40/SF
− Vacancy
−$7.7K −$1.15/SF
EGI
$88.1K $13.25/SF
− OpEx
−$26.4K −$3.97/SF
NOI
$61.7K $9.27/SF
Area
Onslow County, NC
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,233,380
Cap Rate 7%
$880,986
Cap Rate 9%
$685,211
Alternative Uses
Best Use
Retail
$881.0K
$770.9K – $1.03M
NOI $61,669 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,123 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
45,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 34%
Home Improvements & Furnishings 21%
Hotels & Casinos 3%
Harbor Freight Tools
Home Improvements & Furnishings
15,050 visits/mo
0.3 miles
Roses Discount Store
Shops & Services
14,083 visits/mo
0.3 miles
Taco Bell
Dining
11,064 visits/mo
0.4 miles
Burger King
Dining
8,741 visits/mo
0.2 miles
Circle K
Shops & Services
6,920 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Six built-out spaces offer private restrooms, office areas, on-site parking, and shared roadside monument signage.
Where is this retail space located?
The property is located at 1911 Lejeune Blvd Jacksonville, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 6,650 SF retail property configured as a six‑unit business park; Each unit includes a private bathroom and functional floor/office space; Private on‑site parking serves the business park
