Restaurant
For Sale
$2,295,000
302 Western Boulevard, Jacksonville, NC 28546
A substantial restaurant property on Western Boulevard with CC zoning and a broad on-site parking area.
Property Size6,390 SF
Lot Size1.60 Acres
Price / SF$359.15
Days on Market195
Property Features for 302 Western Boulevard
General Information
Standard status
Active
Size
6,390 SF
Lot size
1.60 Acres
Property subtype
Commercial
Zoning
CC
Taxes and HOA fees
Annual Taxes
$13,423
Building Details
Building Size
6,390 SF
Year Built
2013
Buildings
1
Listing Agency:
Joe Powers Realty
Listed By:
Joseph Powers · License #202896
(910) 934-0339
Source:
Duffusrealty
Added: Apr 16
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Joe Powers Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 6,390-square-foot building on 1.6 acres, configured for restaurant use. An expansive parking area serves the site, and the zoning designation is CC.
At 302 Western Boulevard in Jacksonville, the property was built in 2013. The site is available for sale or lease.
At 302 Western Boulevard in Jacksonville, the property was built in 2013. The site is available for sale or lease.
Key Highlights
- 6,390‑square‑foot building suited to restaurant use
- 1.6‑acre property with an expansive on‑site parking area
- CC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,952
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,040
$1.6M
Cap Rate 7%
$1,170,743
$1.2M
Cap Rate 9%
$910,578
$910.6K
Market Conditions
NOI Build-Up for 6,390 SF
Gross rent
$115.0K $18.00/SF
− Vacancy
−$5.8K −$0.90/SF
EGI
$109.3K $17.10/SF
− OpEx
−$27.3K −$4.27/SF
NOI
$82.0K $12.83/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,040
Cap Rate 7%
$1,170,743
Cap Rate 9%
$910,578
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.37M
NOI $81,952 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,169 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
214k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 28%
Apparel 25%
Leisure 8%
Belk
Apparel
36,213 visits/mo
0.3 miles
Barnes & Noble
Shops & Services
33,449 visits/mo
0.3 miles
Chick-fil-A
Dining
31,233 visits/mo
0.1 miles
Starbucks
Dining
27,032 visits/mo
0.4 miles
JCPenney
Apparel
17,942 visits/mo
0.4 miles
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A substantial restaurant property on Western Boulevard with CC zoning and a broad on-site parking area.
Where is this conventional restaurant located?
The property is located at 302 Western Boulevard Jacksonville, NC.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 6,390‑square‑foot building suited to restaurant use; 1.6‑acre property with an expansive on‑site parking area; CC zoning
