Office Building with 33
For Sale
$850,000
2030 Wilmington Highway, Jacksonville, NC 28540
Office complex with 33 interior offices, conference room, kitchen area, and 54 on-site parking spaces.
Property Size4,760 SF
Price / SF$178.57
Days on Market408
Property Features for 2030 Wilmington Highway
General Information
Standard status
Active
Size
4,760 SF
Total Parking Spaces
54
Property subtype
Commercial
Zoning
CC
Additional Details
Office Units
33
Taxes and HOA fees
Annual Taxes
$4,245
Amenities
conference room
small kitchen area
restrooms
No
Yes
0.99
54.0
.
Paved
Slab
4+ Lanes,Maintained
4760.0
Building Details
Year Built
2008
Listing Agency:
Perry & Co Sotheby's International Realty
(912) 233-6000
Listed By:
Cynthia Fitzpatrick · License #364279
(704) 960-3021
Source:
Baystreetrealtygroup
Added: Jul 28, 2025
Changed: Sep 8
Last Checked: Sep 8 at 5:01AM
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 Perry & Co Sotheby's International Realty
Investment Insights
Based on property information with market context.
This office complex offers 33 interior offices along with two restrooms, a small kitchen area, and a conference room. The property includes 54 parking spaces on-site for employees and visitors.
The building is located at 2030 Wilmington Highway in Jacksonville, NC, directly across from the Marine Air Station, with flow-through traffic noted in the listing.
As presented, the layout is designed for multi-office operations and supports day-to-day office use with shared restroom facilities and dedicated meeting space.
The building is located at 2030 Wilmington Highway in Jacksonville, NC, directly across from the Marine Air Station, with flow-through traffic noted in the listing.
As presented, the layout is designed for multi-office operations and supports day-to-day office use with shared restroom facilities and dedicated meeting space.
Key Highlights
- Office complex at 2030 Wilmington Highway with 33 interior offices
- Conference room and small kitchen area included
- 2 restrooms on site
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
33
Office units
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 - Office complex with 33 interior offices, conference room, kitchen area, and 54 on-site parking spaces.
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: Office complex at 2030 Wilmington Highway with 33 interior offices; Conference room and small kitchen area included; 2 restrooms on site
