Prime Retail Space Near Camp
For Sale
Contact for pricing
2153 Lejeune Blvd, Jacksonville, NC
Spacious retail property with flexible options near Camp Lejeune.
Property Size18,000 SF
Lot Size2.22 Acres
Price / SF$155.56
Days on Market263
Property Features for 2153 Lejeune Blvd
General Information
Standard status
Active
Size
18,000 SF
Lot size
2.22 Acres
Property subtype
RETAIL
Properties For Sale
at 2153 Lejeune Blvd Contact us- Floor
- 1
- Size
- 25,000 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
25000 SF Divisible Space for Lease
Position your business for success at 2153 Lejeune Blvd, Jacksonville, NC. Formerly...
show more
Contact us
Listing Agency:
Ray Properties Inc
(910) 388-6620
Listed By:
Matthew Ray · License #284946
(910) 388-6620
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:20PM
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 Ray Properties Inc
Investment Insights
Based on property information with market context.
This retail space is located just outside one of the Camp Lejeune entrances. The property offers a maximum size of 25,600 square feet for a sole tenant. Alternatively, the former Badcock Furniture space of 18,000 square feet is available, featuring access to a dock high door, bathrooms, offices, a 2400 square foot storage area, and a 15,000 square foot sales floor. An additional 7,600 square foot warehouse space is situated in the rear of the property. The property is prominently located on Lejeune Boulevard next to a future WaWa (Under Construction) at the intersection of Lejeune Boulevard (HWY 24) and Corbin Street. Additional parking is available in the rear from Liberty Street. The owner is willing to provide a free rental period for tenants to remodel the space if necessary. This property is located in Jacksonville, North Carolina.
Key Highlights
- Prime location on Lejeune Blvd (HWY 24) next to future WaWa at the intersection of Corbin Street, offering high visibility and traffic.
- Large leasable space up to 25,600 sf, or the former Badcock Furniture space of 18,000 sf.
- Proximity to Camp Lejeune entrance, ideal for businesses targeting military personnel and families.
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
$166,925
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
5.96%
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%
$3,338,500
$3.3M
Cap Rate 7%
$2,384,643
$2.4M
Cap Rate 9%
$1,854,722
$1.9M
Market Conditions
NOI Build-Up for 18,000 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
$259.2K $14.40/SF
− Vacancy
−$20.7K −$1.15/SF
EGI
$238.5K $13.25/SF
− OpEx
−$71.5K −$3.97/SF
NOI
$166.9K $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%
$3,338,500
Cap Rate 7%
$2,384,643
Cap Rate 9%
$1,854,722
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,715 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 43%
Apparel 6%
SONIC Drive In
Dining
9,155 visits/mo
0.3 miles
Dollar General
Shops & Services
5,619 visits/mo
0.3 miles
WilcoHess
Shops & Services
5,311 visits/mo
0.1 miles
Citi Trends
Apparel
1,262 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail 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?
Retail space - Spacious retail property with flexible options near Camp Lejeune.
Where is this retail space located?
The property is located at 2153 Lejeune Blvd Jacksonville, NC.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime location on Lejeune Blvd (HWY 24) next to future WaWa at the intersection of Corbin Street, offering high visibility and traffic.; Large leasable space **up to 25,600 sf**, or the former Badcock Furniture space of **18,000 sf**.; Proximity to Camp Lejeune entrance, ideal for businesses targeting military personnel and families.
