Retail Storefront Under
305 Henderson Drive, Jacksonville, NC 28540
For Sale
Contact for pricing
The partially renovated building was being adapted for restaurant use on a 0.38-acre parcel.
Property Size2,988 SF
Lot Size0.38 Acres
Price / SF$150.60
Days on Market20
Property Features for 305 Henderson Drive
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Building Details
Buildings
Listing Agency:
Noble Commercial Real Estate Group
Listed By:
Nicholas Silivanch · License NC #263168
(910) 617-8296
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 10 at 7:09AM
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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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 2,988-square-foot building on a 0.38-acre lot. Renovation is incomplete; work had been directed toward a restaurant layout. The building previously contained three retail units.
Key Highlights
- 2,988 SF building on a 0.38‑acre lot
- Partially completed renovation with restaurant conversion planned
- Previously configured as a three‑unit retail building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,710
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,200
$554.2K
Cap Rate 7%
$395,857
$395.9K
Cap Rate 9%
$307,889
$307.9K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$43.0K $14.40/SF
− Vacancy
−$3.4K −$1.15/SF
EGI
$39.6K $13.25/SF
− OpEx
−$11.9K −$3.97/SF
NOI
$27.7K $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 Rate 5%
$554,200
Cap Rate 7%
$395,857
Cap Rate 9%
$307,889
Alternative Uses
Best Use
Retail
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.1K
$568.0K – $757.3K
NOI $45,437 @ 7.0% cap · market cap 10.10%
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
413
Businesses Nearby
95k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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
Similar Off Market Nearby
- Prime — 505 n marine blvd, jacksonville, nc 28540
- Forget-Me-Not Flowers & Gifts — 715 Gum Branch Rd #3, Jacksonville, NC 28540
Frequently Asked Questions
What type of property is this?
Storefront property - The partially renovated building was being adapted for restaurant use on a 0.38-acre parcel.
Where is this storefront property located?
The property is located at 305 Henderson Drive 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: 2,988 SF building on a 0.38‑acre lot; Partially completed renovation with restaurant conversion planned; Previously configured as a three‑unit retail building
