Retail Building with New
For Sale
Contact for pricing
303 Henderson Dr, Jacksonville, NC 28540
The interior has new flooring and finishes, with additional repairs remaining, including work on the accessibility ramp.
Property Size2,998 SF
Lot Size0.38 Acres
Price / SF$150.10
Days on Market8
Property Features for 303 Henderson Dr
General Information
Standard status
Active
Size
2,998 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Zoning
CC
Property Condition
Severity
Repairs Needed
Evidence
Handicap ramp needs to be repaired and there are a couple of other slight repairs that need to be made.
Additional Details
Pylon Signage
Yes
Building Details
Buildings
1
Listing Agency:
Noble Commercial Real Estate Group
Listed By:
Nicholas Silivanch · License #263168
(910) 617-8296
Source:
Moodyscre
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 20 at 11:14PM
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 Noble Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
This retail property combines two lots totaling 0.38 acres and contains a building that was formed by joining three smaller units. New HVAC units, flooring, and interior finishes have been installed. The accessibility ramp and several other minor items still require repairs. The space was being prepared for restaurant use, but that conversion was not completed.
Located just south of Henderson Drive and Onslow Drive in midtown Jacksonville, the property faces a Circle K across the street. Open parking is situated at the front, while the building is set farther back on the site. A pylon sign on Henderson Drive and building-facade signage provide options for identification. The property is zoned CC for retail by the City of Jacksonville.
Located just south of Henderson Drive and Onslow Drive in midtown Jacksonville, the property faces a Circle K across the street. Open parking is situated at the front, while the building is set farther back on the site. A pylon sign on Henderson Drive and building-facade signage provide options for identification. The property is zoned CC for retail by the City of Jacksonville.
Key Highlights
- Two lots of 0.19 acres each, totaling 0.38 acres
- Three former units combined into one retail space
- New HVAC units, flooring, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,802
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,040
$556.0K
Cap Rate 7%
$397,171
$397.2K
Cap Rate 9%
$308,911
$308.9K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$3.5K −$1.15/SF
EGI
$39.7K $13.25/SF
− OpEx
−$11.9K −$3.97/SF
NOI
$27.8K $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 Rate 5%
$556,040
Cap Rate 7%
$397,171
Cap Rate 9%
$308,911
Alternative Uses
Best Use
Retail
$397.2K
$347.5K – $463.4K
NOI $27,802 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.3K
$569.9K – $759.8K
NOI $45,589 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 36%
Hotels & Casinos 4%
Circle K
Shops & Services
19,735 visits/mo
0.5 miles
McDonald's
Dining
16,341 visits/mo
0.5 miles
Dunkin' Donuts
Dining
14,086 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
13,186 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The interior has new flooring and finishes, with additional repairs remaining, including work on the accessibility ramp.
Where is this retail space located?
The property is located at 303 Henderson Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two lots of 0.19 acres each, totaling 0.38 acres; Three former units combined into one retail space; New HVAC units, flooring, and interior finishes
