Two-Building Office
For Sale
$900,000
1935 Lejeune Boulevard, Jacksonville, NC 28546
Office campus with on-site parking, a detached shed, and CC zoning in Jacksonville.
Property Size7,060 SF
Days on Market15
Property Features for 1935 Lejeune Boulevard
General Information
Standard status
Active
Size
7,060 SF
Property subtype
Commercial
Zoning
CC
Property Condition
Severity
Minor
Evidence
will need repairs
Building Details
Building Size
7,060 SF
Year Built
1995
Buildings
2
Listing Agency:
Wise Group Realty INC
(910) 546-8615
Listed By:
Terri Willis
(910) 546-8615
Source:
Thomasrealtysold
Added: Aug 7
Changed: Aug 18
Last Checked: Aug 20 at 1:57PM
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 Wise Group Realty INC
Investment Insights
Based on property information with market context.
The property comprises two office buildings, parking areas, and a detached shed across tax parcels 025500 and 032128. The larger building was constructed in 1995, while the smaller building was renovated when the main office was developed and requires repairs. A deeded utility easement is also associated with the property.
The offering is located at 1935 Lejeune Boulevard in Jacksonville, NC 28546. A portion of the rear parking area may extend onto adjoining tax parcel 025507, which is excluded from the sale and retained by the seller. Buyers should independently confirm property boundaries, acreage, parking, zoning, permitted uses, and related details during due diligence.
The offering is located at 1935 Lejeune Boulevard in Jacksonville, NC 28546. A portion of the rear parking area may extend onto adjoining tax parcel 025507, which is excluded from the sale and retained by the seller. Buyers should independently confirm property boundaries, acreage, parking, zoning, permitted uses, and related details during due diligence.
Key Highlights
- Two office buildings included across tax parcels 025500 and 032128
- Larger office building constructed in 1995
- Smaller office building was renovated when the main building was developed and requires repairs
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
$81,014
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
9.00%
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%
$1,620,280
$1.6M
Cap Rate 7%
$1,157,343
$1.2M
Cap Rate 9%
$900,156
$900.2K
Market Conditions
NOI Build-Up for 7,060 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
$127.1K $18.00/SF
− Vacancy
−$19.1K −$2.70/SF
EGI
$108.0K $15.30/SF
− OpEx
−$27.0K −$3.82/SF
NOI
$81.0K $11.48/SF
Area
Onslow County, NC
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,620,280
Cap Rate 7%
$1,157,343
Cap Rate 9%
$900,156
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,014 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,357 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office campus with on-site parking, a detached shed, and CC zoning in Jacksonville.
Where is this office building located?
The property is located at 1935 Lejeune Boulevard Jacksonville, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two office buildings included across tax parcels 025500 and 032128; Larger office building constructed in 1995; Smaller office building was renovated when the main building was developed and requires repairs
