Hotel Redevelopment
1613 N Marine Blvd, Jacksonville, NC 28546
For Sale
Contact for pricing
Pending
Hotel property with an additional parcel and redevelopment potential along Marine Boulevard.
Property Size10,638 SF
Days on Market103
Property Features for 1613 N Marine Blvd
General Information
Standard status
Size
Property subtype
Listing Agency:
Noble Commercial Real Estate Group
Listed By:
Nicholas Silivanch · License #NC 263168
(910) 617-8296
Source:
Moodyscre
Added: Jul 30
Changed: Nov 1
Last Checked: Nov 8 at 8:57AM
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 Noble Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
This 10,638-square-foot hotel property includes an additional parcel and is positioned for redevelopment. The existing hotel may also be repurposed, subject to applicable approvals and feasibility. The property is located at 1613 N Marine Blvd in Jacksonville, North Carolina, just north of the intersection with Gum Branch Road.
Key Highlights
- 10,638‑square‑foot hotel property
- Additional parcel included
- Existing hotel may be repurposed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,232
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,640
$864.6K
Cap Rate 7%
$617,600
$617.6K
Cap Rate 9%
$480,356
$480.4K
Market Conditions
NOI Build-Up for 10,638 SF
Gross rent
$106.0K $9.96/SF
− Vacancy
−$14.9K −$1.40/SF
EGI
$91.0K $8.56/SF
− OpEx
−$47.8K −$4.49/SF
NOI
$43.2K $4.06/SF
Area
Onslow County, NC
Vacancy
14.10%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,640
Cap Rate 7%
$617,600
Cap Rate 9%
$480,356
Alternative Uses
Best Use
Hotel Hospitality
$617.6K
$540.4K – $720.5K
NOI $43,232 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,766 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel property with an additional parcel and redevelopment potential along Marine Boulevard.
Where is this hotel located?
The property is located at 1613 N Marine Blvd Jacksonville, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,638‑square‑foot hotel property; Additional parcel included; Existing hotel may be repurposed
