Property profile

1345 Western Blvd Jacksonville, NC 28546

OFF-MARKET
Other industrial properties
Property ID
US53-0836122
15,521 SF 1.96 ac lot Built 2003
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

Gateway Plaza is a retail shopping center totaling over 15,000 square feet, constructed in 2014, featuring a mix of tenant space including national restaurant and retail operators (such as Chipotle and Noodles & Company). The center offers leasable retail units with available space sizes reaching up to approximately 4,000 square feet, and it is positioned along Western Boulevard, a major retail corridor. The property is located in front of a Target-anchored shopping center and is surrounded by other national retailers and restaurants. Western Boulevard carries an estimated average daily traffic count of about 33,500 vehicles per day. The immediate trade area within roughly three miles includes a population of about 42,842 with an average household income of about $72,902, along with an estimated daytime population of about 59,826.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2003
Total area 15,521 SF
Lot 1.96 ac (85,378 SF)
Zoning code CC
APN 58074
UPID US53-0836122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Restaurant
  • Take-out & Catering Catering Service
  • Physician
  • Ophthalmologist (Bike/Boat/Book/etc) Store

Location

1345 Western Blvd Jacksonville, NC 28546-7626
Jacksonville metro Census 1303 JACKSONVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$828k
Blend (final) Blend
$1.31M

Owner & transaction history

since 2013
4 recorded transactions
2013
$3.5M
2008
Price N/A
2007
$1.8M
1969
Price N/A

Zoning & alternative use

CC · Jacksonville, NC
Zoning description

CC-C Conditional Corridor Commercial IND-C Conditional Industrial B. Purpose The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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