Retail and Office Building with Multiple
For Sale
$789,000
411 Western Boulevard, Jacksonville, NC 28546
Multi-tenant retail and office setup with numerous demising options and frontage on Western Boulevard.
Property Size7,172 SF
Price / SF$110.01
Days on Market116
Property Features for 411 Western Boulevard
General Information
Standard status
Active
Size
7,172 SF
Property subtype
General Commercial
Additional Details
Traffic Count
30,000 vehicles/day
Office Units
27
Building Details
Year Built
1985
Listing Agency:
Keller Williams Innovate-Wilmington
(704) 813-0561
Listed By:
Greg Edgerton · License #330041
(704) 813-0561
Source:
Xome
Added: Apr 9
Changed: Jul 10
Last Checked: Jul 16 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 Keller Williams Innovate-Wilmington
Investment Insights
Based on property information with market context.
This for-sale commercial building totals 7,172 square feet and is currently configured as 27 units, with 19 units available to lease. The property is set up for office, retail, retail services, or potential medical/dental use, supported by a layout that can be demised to fit an owner-user’s specific needs while maintaining income potential from leased units.
The building is located on Western Boulevard in Jacksonville, NC, with visibility described as strong and traffic counts over 30,000 vehicles per day. The property also offers flexibility for alternative leasing configurations, as it includes four power meters and four sections that each have a front and rear entrance.
Each of the four sections is described as having restrooms and break areas already in place, which supports a range of tenant sizes and uses within the existing footprint. With multiple unit options and existing infrastructure for separate operations, the building can fit businesses looking for storefront or office space, as well as owner-users seeking control over part of the property while leasing the remainder.
The building is located on Western Boulevard in Jacksonville, NC, with visibility described as strong and traffic counts over 30,000 vehicles per day. The property also offers flexibility for alternative leasing configurations, as it includes four power meters and four sections that each have a front and rear entrance.
Each of the four sections is described as having restrooms and break areas already in place, which supports a range of tenant sizes and uses within the existing footprint. With multiple unit options and existing infrastructure for separate operations, the building can fit businesses looking for storefront or office space, as well as owner-users seeking control over part of the property while leasing the remainder.
Key Highlights
- 7,170 SF retail/office building built in 1985 with zoning CC
- Multi‑tenant setup with 27 units total; 19 units available to lease
- Frontage on Western Blvd with traffic counts over 30,000 vehicles per day
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.3k | $14.40 |
| − Vacancy | −$8.3k | −$1.15 |
| EGI | $95.0k | $13.25 |
| − OpEx | −$28.5k | −$3.97 |
| NOI | $66.5k | $9.27 |
7,172 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,766 @ 7.0% cap · market cap 11.25%
Second Best
Office B
$1.18M
$1.03M – $1.37M
NOI $82,299 @ 7.0% cap · market cap 10.43%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,060 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27
Office units
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail and office setup with numerous demising options and frontage on Western Boulevard.
Where is this storefront property located?
The property is located at 411 Western Boulevard Jacksonville, NC.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 7,170 SF retail/office building built in 1985 with zoning CC; Multi‑tenant setup with 27 units total; 19 units available to lease; Frontage on Western Blvd with traffic counts over 30,000 vehicles per day
