Retail
For Sale
Contact for pricing
702 Gum Branch Rd, Jacksonville, NC 28540
Compact retail property with a dedicated building serving local commercial users.
Property Size3,808 SF
Price / SF$183.82
Days on Market13
Property Features for 702 Gum Branch Rd
General Information
Standard status
Active
Size
3,808 SF
Property subtype
RETAIL
Building Details
Buildings
1
Listing Agency:
Noble Commercial Real Estate Group
(910) 617-8296
Listed By:
Nicholas Silivanch · License #263168
(910) 617-8296
Source:
Moodyscre
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 11 at 2:30PM
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
Investment Insights
Based on property information with market context.
This retail property includes a dedicated building containing approximately 3,808 square feet. The asset is configured as a single retail building and is offered for purchase.
The property is located at 702 Gum Branch Rd in Jacksonville, North Carolina, just north of the Gum Branch Road and Marine Boulevard intersection.
The property is located at 702 Gum Branch Rd in Jacksonville, North Carolina, just north of the Gum Branch Road and Marine Boulevard intersection.
Key Highlights
- 3,808‑square‑foot retail building
- Located at 702 Gum Branch Rd, Jacksonville, NC 28540
- Positioned just north of the Gum Branch Road and Marine Boulevard intersection
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,314
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,280
$706.3K
Cap Rate 7%
$504,486
$504.5K
Cap Rate 9%
$392,378
$392.4K
Market Conditions
NOI Build-Up for 3,808 SF
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.
Gross rent
$54.8K $14.40/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$50.4K $13.25/SF
− OpEx
−$15.1K −$3.97/SF
NOI
$35.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,280
Cap Rate 7%
$504,486
Cap Rate 9%
$392,378
Alternative Uses
Best Use
Retail
$504.5K
$441.4K – $588.6K
NOI $35,314 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.2K
$723.8K – $965.1K
NOI $57,906 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
182k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 26%
Shops & Services 16%
Beauty & Spa 2%
McDonald's
Dining
28,666 visits/mo
0.1 miles
Lowes Foods
Groceries
25,639 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
21,301 visits/mo
0.2 miles
Wendy's
Dining
18,701 visits/mo
0.1 miles
Taco Bell
Dining
13,485 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- Flowers On the Move — 1112 Gum Branch Rd, Jacksonville, NC 28540
Frequently Asked Questions
What type of property is this?
Storefront property - Compact retail property with a dedicated building serving local commercial users.
Where is this storefront property located?
The property is located at 702 Gum Branch Rd Jacksonville, NC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,808‑square‑foot retail building; Located at 702 Gum Branch Rd, Jacksonville, NC 28540; Positioned just north of the Gum Branch Road and Marine Boulevard intersection
