Office Building with 33
For Sale
$850,000
2030 Wilmington Highway, Jacksonville, NC 28540
Commercial Sale, Jacksonville, NC
Property Size4,760 SF
Lot Size0.99 Acres
Price / SF$178.57
Days on Market394
Property Features for 2030 Wilmington Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC
Parking
54
Subdivision
Not In Subdivision
Directions
Hwy 17S slightly across from the MCAS New River Gate Entrance. Directly in front of the Food Lion Shopping Center.
Standard status
Active
APN
333-104.1
Size
4,760 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
US 17 0.9900 Acres
Tax Annual Amount
4246
Legal Description
US 17 0.9900 Acres
Utilities
Heating system
Electric (Heating)
Amenities
restrooms
kitchen area
conference room
Building Details
Year built
2008
Listing Agency:
Wise Group Realty INC
(910) 577-1830
Listed By:
Scott Furtney · License #132296
(910) 340-2121
Added: Jul 28, 2025
Changed: Aug 20
Last Checked: Aug 25 at 4:06AM
MLS# 100521667
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.
Built in 2008, this 4,760-square-foot office building offers a defined multi-room layout with 33 interior offices, 2 restrooms, a small kitchen area, and a conference room. Electric heating serves the property, which is situated on a 0.99-acre parcel and carries CC zoning.
The property is located across from the Marine Corp Air Station in Jacksonville, North Carolina. On-site parking includes 54 spaces, supporting the existing office configuration. The combination of numerous private offices, meeting space, employee amenities, and dedicated parking provides a practical setup for an office user or owner-occupant.
The property is located across from the Marine Corp Air Station in Jacksonville, North Carolina. On-site parking includes 54 spaces, supporting the existing office configuration. The combination of numerous private offices, meeting space, employee amenities, and dedicated parking provides a practical setup for an office user or owner-occupant.
Key Highlights
- 33 interior offices within a 4,760‑square‑foot office building
- 2 restrooms, small kitchen area, and conference room
- 54 on‑site parking spaces
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
$54,621
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
6.43%
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%
$1,092,420
$1.1M
Cap Rate 7%
$780,300
$780.3K
Cap Rate 9%
$606,900
$606.9K
Market Conditions
NOI Build-Up for 4,760 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
$85.7K $18.00/SF
− Vacancy
−$12.9K −$2.70/SF
EGI
$72.8K $15.30/SF
− OpEx
−$18.2K −$3.82/SF
NOI
$54.6K $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%
$1,092,420
Cap Rate 7%
$780,300
Cap Rate 9%
$606,900
Alternative Uses
Best Use
Office B
$780.3K
$682.8K – $910.4K
NOI $54,621 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$904.8K – $1.21M
NOI $72,382 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured office property with private rooms, shared meeting space, kitchen area, and on-site parking.
Where is this office building located?
The property is located at 2030 Wilmington Highway Jacksonville, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 33 interior offices within a 4,760‑square‑foot office building; 2 restrooms, small kitchen area, and conference room; 54 on‑site parking spaces
