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    483 47 Jacksonville, NC 28544

    • Land
    For Sale
    View listing
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 483 47

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 42,689 square foot industrial land parcel presents a remarkable development opportunity in Midway Park, North Carolina. Strategically located on Freedom Way (Highway 24), less than half a mile from Piney Green Road and the MCB Camp Lejeune Piney Green entrance, this property boasts significant advantages. The nearly one-acre lot is already cleared and offers road frontage on both Freedom Way and Tallman Circle, further enhanced by an NC DOT turn lane onto Tallman Circle. The absence of city taxes and regulations simplifies development, while existing infrastructure significantly reduces upfront costs. ONWASA water taps are already installed, and an ONWASA force main is readily available. Onsite septic systems are in place, streamlining the permitting process. This corner lot presents a unique chance to capitalize on its prime location and established utilities, making it ideal for a variety of industrial uses. The property is situated in Onslow County, NC, zip code 28544.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.3129
    Latitude
    34.7151

    Comparable in this City

    • Value Estimation by Request
      2,750 SF

      2848 Piney Grn Rd

      INDUSTRIAL (GENERAL) • 2,750 SF
      2848 Piney Grn Rd, Midway Park, NC 28544-1422
      View Details
    • Value Estimation
      $790,000
      6,000 SF

      201 Freedom Way

      INDUSTRIAL (GENERAL) • 6,000 SF
      201 Freedom Way, Midway Park, NC 28544-1418
      View Details
    • Value Estimation by Request
      813 SF

      273 Freedom Way

      INDUSTRIAL (GENERAL) • 813 SF
      273 Freedom Way, Midway Park, NC 28544
      View Details
    • Value Estimation by Request
      1,904 SF

      261 Freedom Way

      INDUSTRIAL (GENERAL) • 1,904 SF
      261 Freedom Way, Midway Park, NC 28544-1418
      View Details
    • Value Estimation
      $290,000
      1,833 SF

      2840 Piney Grn Rd

      INDUSTRIAL (GENERAL) • 1,833 SF
      2840 Piney Grn Rd, Midway Park, NC 28544-1422
      View Details
    • Value Estimation by Request
      1.00 Acre

      Lk Cole Rd

      INDUSTRIAL (GENERAL) • 1.00 Acre
      Lk Cole Rd, Midway Park, NC 28544
      View Details

    Similar Nearby for Sale

    • $500,000

      Prime Industrial Land, Midway Park NC

      ±1 Acre Corner Lot, Hwy 24 Access
      483 47, Jacksonville, NC 28544
      View Details
    • $705,000
      5,500 SF

      Midway Park Commercial Land Opportunity

      Prime 1.2-acre commercial lot, 5,500 SF building.
      2720 Piney Green Rd, Jacksonville, NC 28544
      View Details
    • New
      Contact for pricing
      Pending

      Wooded Lot Near Amenities

      Wooded lot near stores, restaurants, downtown Jacksonville, and beaches.
      2398 Piney Green Rd, Jacksonville, NC 28544
      View Details
    • $295,000
      5.05 Acres

      5 Acres Prime Midway Park Land

      5 acres of land zoned RA in Midway Park, NC.
      2460 Piney Green Rd, Midway Park, NC 28544
      View Details
    • $175,000
      0.27 Acres

      Prime Location Land For Sale

      0.27 acre lot in Midway Park, NC, ready for development.
      2848 Piney Green Rd, Midway Park, NC 28544
      View Details
    • $180,000
      3.00 Acres

      Expansive Land Near Jacksonville, NC

      Mostly cleared 3-acre lot near Jacksonville, Camp Lejeune, beaches.
      000 Hannah Ct, Midway Park, NC 28544
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,900 SF

      Prime Jacksonville Warehouse Space

      16,900 SF Warehouse - High Traffic Area
      2770 Piney Green Rd, Jacksonville, NC 28544
      View Details
    • $3,280,000
      10,438 SF

      Medical Office Building For Lease

      Medical office building in excellent condition near Camp Lejeune.
      241 Freedom Way, Jacksonville, NC 28544
      View Details
    • $1,400 /Mo
      40,511 SF

      Midway Park Commercial Building For Rent

      Commercial building for rent with multiple potential uses.
      1224 Rocky Run Rd, Midway Park, NC 28544
      View Details
    • $19,135 /Mo
      10,438 SF

      Renovated Medical Office Near Base

      Completely renovated medical office building near Camp Lejeune Marine Base.
      241 Freedom Way, Midway Park, NC 28544
      View Details
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    483 47
    Jacksonville, NC 28544
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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