Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    220 S Front St New Bern, NC 28560

    Sponsored
    For Lease
    $2,300 /Mo ($18 SF/Yr)

    COMMERCIAL - New Bern, NC

    Property size:
    1,500 SF
    Lot size:
    0.36 Acres
    Days on Market:
    30
    Last Refresh:
    Jan 20 at 6:06 am

    Property Features for 220 S Front St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-2
    APN
    8-001-B -180
    Parking features
    Off Street, Parking Lot
    Size
    1,500 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1941

    We can help!

    Listing Contact
    Ross Beebe

    Inner Banks Properties llc (252) 229-0933 [email protected]

    Listing agent ROSS BEEBE (252) 229-0933 License #213811

    Listing date Dec 22, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Commercial Office Space Available

    This 1500 square foot, two-story house has been optimized for use as a commercial office. The property is in excellent condition and available for immediate occupancy. It is situated on South Front Street, diagonally across from the Convention Center, within a bustling business district that benefits from high traffic flow and accessibility. The property includes private parking. The lease is a single net lease. The lot size is 0.36 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nelda Coats at Rate ... Mortgage Lender Weichert Realtors At Rivers ... Real Estate Agency Taylor Brothers at Guaranteed ... Mortgage Lender Sarah T. Photography Photographer Lloyd Daw at Rate ... Mortgage Broker

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.037743
    Latitude
    35.104964

    Nearby Similar for Lease

    • $2,500 /Mo
      2,930 SF

      Restaurant Space in Village Square

      Equipped restaurant space in a busy shopping center.
      3515 Trent Rd, New Bern, NC 28562
      View Details
    • $3,500 /Mo
      2,044 SF

      Downtown New Bern Office Space

      Office space in the heart of downtown New Bern.
      233 Middle St, New Bern, NC 28560
      View Details
    • $1,200 /Mo
      1,025 SF

      Professional Office Space Available

      Prime commercial office space in well-maintained Tyson Professional Center.
      1425 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • $10 SF/Yr
      23,100 SF

      New Bern Flex Space Available

      Office, warehouse, or medical space for lease in New Bern.
      3200 Wellons Blvd, New Bern, NC 28562
      View Details
    • $1,400 /Mo
      1,380 SF

      New Bern Commercial Space Available

      Spacious commercial space with modern amenities in New Bern, NC.
      1702 Us 70 Hwy E, New Bern, NC 28560
      View Details
    • $1,075 /Mo
      751 SF

      New Bern Commercial Space Available

      Versatile commercial space in James City, New Bern, NC.
      102 Market St, New Bern, NC 28560
      View Details
    • $3,000 /Mo
      2,500 SF

      Updated Commercial Space in New Bern

      2,500 sq ft commercial space in Greenleaf Shopping Center.
      4110 Dr. Martin Luther King Blvd, New Bern, NC 28562
      View Details
    • $500 /Mo
      177,725 SF

      New Maxi Storage Space Available

      Newly built storage units for rent in New Bern, NC.
      4146 Dr. Mlk Blvd, New Bern, NC 28562
      View Details
    • $500 /Mo
      180,774 SF

      Spacious Storage Units For Lease

      1,000 sq ft storage units available for lease.
      306 S Jimmies Creek Dr, New Bern, NC 28562
      View Details
    • $1,000 /Mo
      1,000 SF

      New Bern Office Space Available

      Prime commercial office space for lease in New Bern, NC.
      1916 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • $1,600 /Mo
      20,909 SF

      New Bern Warehouse Space Available

      1,600 SF warehouse with yard space for rent.
      114 Justin Dr, New Bern, NC 28560
      View Details
    • $900 /Mo
      700 SF

      Retail Space in Town Park Plaza

      Retail space in shopping center with open floor plan.
      2503 Neuse Blvd, New Bern, NC 28562
      View Details

    FAQs

    What type of property is this?
    Office space - Two-story, 1500 sq ft commercial office space for lease.
    Where is this office space located?
    The property is located at 220 S Front St New Bern, NC.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on South Front St., diagonally across from the Convention Center in a bustling business district.; - Ready for immediate occupancy as a commercial office.; - Private parking.
    (252) 226-9818
    Request Owner's contact information
    220 S Front St New Bern, NC 28560
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 S Front St
    New Bern, NC 28560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    220 S Front St New Bern, NC 28560
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ross Beebe
    (252) 226-9818
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.