Office Building with Private
For Sale
$550,000
231 New Bridge St, Jacksonville, NC 28540
Professionally configured workspace offers private rooms, central reception, storage, and rear off-street parking.
Property Size3,817 SF
Price / SF$144.09
Days on Market87
Property Features for 231 New Bridge St
General Information
Standard status
Active
Size
3,817 SF
Amenities
2 bathrooms
dedicated storage/utility room
flexible room sizes
Building Details
Year Built
1940
Listing Agency:
Brown Properties of NC, Inc
Listed By:
Jeb Brown · License #249760
(910) 378-6687
Source:
Barefootbrokers
Added: Jul 22
Changed: Oct 9
Last Checked: Oct 15 at 3:43AM
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 Brown Properties of NC, Inc
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Investment Insights
Based on property information with market context.
The 3,817-square-foot office building at 231 New Bridge St is configured with approximately 15 private offices and exam or consultation rooms. Interior features include several connecting hallways, a central reception and meeting area, two bathrooms, a dedicated storage and utility room, and rooms sized for either private offices or shared workstations. Multiple entry points support flexible circulation throughout the property.
Situated in downtown Jacksonville near the courthouse, the property includes off-street parking behind the building. Constructed in 1940, the professional office layout is suited to medical, legal, financial services, or creative operations based on the stated configuration and intended uses.
Situated in downtown Jacksonville near the courthouse, the property includes off-street parking behind the building. Constructed in 1940, the professional office layout is suited to medical, legal, financial services, or creative operations based on the stated configuration and intended uses.
Key Highlights
- 3,817 SF office building at 231 New Bridge St
- Approximately 15 private offices and exam/consult rooms
- Central reception and meeting area with multiple connecting hallways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,242
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,840
$944.8K
Cap Rate 7%
$674,886
$674.9K
Cap Rate 9%
$524,911
$524.9K
Market Conditions
NOI Build-Up for 3,817 SF
Gross rent
$82.4K $21.60/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$78.7K $20.63/SF
− OpEx
−$31.5K −$8.25/SF
NOI
$47.2K $12.38/SF
Area
Onslow County, NC
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,840
Cap Rate 7%
$674,886
Cap Rate 9%
$524,911
Alternative Uses
Best Use
Healthcare Medical
$674.9K
$590.5K – $787.4K
NOI $47,242 @ 7.0% cap · market cap 8.59%
Second Best
Office B
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$829.2K
$725.5K – $967.4K
NOI $58,043 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
816
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professionally configured workspace offers private rooms, central reception, storage, and rear off-street parking.
Where is this office building located?
The property is located at 231 New Bridge St Jacksonville, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,817 SF office building at 231 New Bridge St; Approximately 15 private offices and exam/consult rooms; Central reception and meeting area with multiple connecting hallways
