B-1-Zoned Storefront
For Sale
$330,000
210 Henderson Dr, Jacksonville, NC 28540
Flexible commercial building with front and rear parking in Jacksonville’s established business corridor.
Property Size3,200 SF
Price / SF$103.13
Days on Market145
Property Features for 210 Henderson Dr
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Zoning
B-1
Additional Details
Road Access
Yes
Building Details
Year Built
1951
Listing Agency:
Coldwell Banker Sea Coast Advantage - Jacksonville
(910) 915-6652
Listed By:
Brock B Goss · License #281298
Source:
Coastalrealtyassociates
Added: Apr 9
Changed: Aug 28
Last Checked: Aug 30 at 6:10PM
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 Coldwell Banker Sea Coast Advantage - Jacksonville
Investment Insights
Based on property information with market context.
This approximately 3,200-square-foot storefront property was built in 1951 and is positioned for a range of commercial uses under B-1 zoning. The building configuration can accommodate multiple occupants or be organized into separate storefront areas, offering flexibility for an owner-user or investor. Parking is available at both the front and rear of the building, supporting access for customers and employees.
Located at 210 Henderson Dr in Jacksonville, the property is near Marine Corps Base Camp Lejeune and Albert J. Ellis Airport (OAJ). Its setting provides access to surrounding retail and service businesses, major thoroughfares, and the broader Jacksonville trade area. The combination of a visible commercial address, adaptable layout, and established regional context supports varied storefront and service-oriented operations.
Located at 210 Henderson Dr in Jacksonville, the property is near Marine Corps Base Camp Lejeune and Albert J. Ellis Airport (OAJ). Its setting provides access to surrounding retail and service businesses, major thoroughfares, and the broader Jacksonville trade area. The combination of a visible commercial address, adaptable layout, and established regional context supports varied storefront and service-oriented operations.
Key Highlights
- Approximately 3,200 square feet of commercial building area
- B‑1 zoning supports a broad range of commercial opportunities
- Front and rear parking areas serve customers and employees
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
$29,676
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
8.99%
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%
$593,520
$593.5K
Cap Rate 7%
$423,943
$423.9K
Cap Rate 9%
$329,733
$329.7K
Market Conditions
NOI Build-Up for 3,200 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
$46.1K $14.40/SF
− Vacancy
−$3.7K −$1.15/SF
EGI
$42.4K $13.25/SF
− OpEx
−$12.7K −$3.97/SF
NOI
$29.7K $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%
$593,520
Cap Rate 7%
$423,943
Cap Rate 9%
$329,733
Alternative Uses
Best Use
Retail
$423.9K
$371.0K – $494.6K
NOI $29,676 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$695.1K
$608.3K – $811.0K
NOI $48,660 @ 7.0% cap · market cap 14.75%
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
593
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 36%
Hotels & Casinos 3%
Circle K
Shops & Services
19,735 visits/mo
0.3 miles
McDonald's
Dining
16,341 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,086 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
13,186 visits/mo
0.4 miles
Circle K
Shops & Services
8,375 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with front and rear parking in Jacksonville’s established business corridor.
Where is this storefront property located?
The property is located at 210 Henderson Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Approximately 3,200 square feet of commercial building area; B‑1 zoning supports a broad range of commercial opportunities; Front and rear parking areas serve customers and employees
