Freestanding Office 1031 Exchange
For Sale
$2,950,000
900 Dennis Road, Jacksonville, NC 28546
Commercial Sale, Jacksonville, NC
Property Size12,026 SF
Lot Size1.12 Acres
Price / SF$245.30
Days on Market487
Property Features for 900 Dennis Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC
Subdivision
Not In Subdivision
Directions
Western Blvd to Dennis Rd, turn between Whistle Express car wash and Carolina East Physicians. It is the One Place building on the left.
Standard status
Active
APN
339-20.23
Size
12,026 SF
Lot size
1.12 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
L8 NORTHWEST BUSINESS PARK
Tax Annual Amount
23801
Legal Description
L8 NORTHWEST BUSINESS PARK
Utilities
Heating system
Electric (Heating)
Building Details
Year built
2010
Building materials
Brick
Listing Agency:
Ray Properties, INC
(910) 346-8218
Listed By:
Matt C Ray · License #266827
(910) 388-6620
Added: Jun 6, 2025
Changed: Aug 19
Last Checked: Oct 5 at 7:06PM
MLS# 100512028
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office building contains 12,026 square feet on a 1.12-acre site and was completed in 2010. The brick property is arranged with a reception area, lobby, 39 offices, an exam room, conference room, resource center, copy rooms, laundry room, break room, full kitchen, storage, and six two-fixture restrooms. Electric heating serves the building, which is described as being in well-maintained condition.
The property is located at 900 Dennis Road in Jacksonville, NC, near the Western Blvd corridor. It carries CC zoning and is occupied by a long-term tenant, supporting consideration as a 1031 exchange property.
The property is located at 900 Dennis Road in Jacksonville, NC, near the Western Blvd corridor. It carries CC zoning and is occupied by a long-term tenant, supporting consideration as a 1031 exchange property.
Key Highlights
- 12,026‑square‑foot freestanding office building on 1.12 acres
- 39 offices plus reception area, lobby, exam room, and conference room
- Six two‑fixture restrooms, full kitchen, break room, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,998
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,759,960
$2.8M
Cap Rate 7%
$1,971,400
$2.0M
Cap Rate 9%
$1,533,311
$1.5M
Market Conditions
NOI Build-Up for 12,026 SF
Gross rent
$216.5K $18.00/SF
− Vacancy
−$32.5K −$2.70/SF
EGI
$184.0K $15.30/SF
− OpEx
−$46.0K −$3.82/SF
NOI
$138.0K $11.48/SF
Area
Onslow County, NC
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,759,960
Cap Rate 7%
$1,971,400
Cap Rate 9%
$1,533,311
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,998 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,872 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Brick office facility with a broad mix of professional rooms and support areas.
Where is this 1031 exchange property located?
The property is located at 900 Dennis Road Jacksonville, NC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 12,026‑square‑foot freestanding office building on 1.12 acres; 39 offices plus reception area, lobby, exam room, and conference room; Six two‑fixture restrooms, full kitchen, break room, laundry, and storage
