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    Amhurst Blvd New Bern, NC 28562

    View on Map
    Sponsored
    For Sale
    Pending
    $1,500,000

    LAND - New Bern, NC

    Lot size:
    63.00 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 9 at 11:06 pm

    Property Features for Amhurst Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    C-5 & R-15
    APN
    8-212 -010
    Lot size
    63.00 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    CHUCK TYSON

    Tyson & Hooks Realty Inc (252) 633-5766

    Listing agent CHUCK TYSON (252) 633-5766 License #23506

    Listing date Mar 2, 2026

    MLS# 100446323 Listing URL

    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

    63 Acres Land For Sale

    Available for sale is a group of land parcels totaling approximately 63 acres in New Bern, North Carolina. The property is suitable for development of professional offices, a storage facility, a medical facility, residential housing, or apartments. The offering includes two parcels: one approximately 59.591 acres located on Amhurst Boulevard, zoned C-5 and R-10 (Parcel ID 8-212-010), and a second parcel approximately 4.05 acres located at the corner of Amhurst Boulevard and Lori Drive, zoned C-3 (Parcel ID 8-212-11001). City water, sewer, and electricity are available from the City of New Bern. The property has access to S Glenburnie Road for connection to Hwy 70, as well as to Dr. MLK Blvd. It is located within 5 miles of New Bern's major employers and major corridors and is within walking distance of the West New Bern Recreation Center on Pinetree Drive, which features tennis courts, baseball fields, an updated playground, a recreation building with a gym, a meeting room, and a kitchen facility. The City of New Bern offers youth and adult programs at the West New Bern Rec Center throughout the year. Note that the tax value is based on Land Value Tax (LVT) and will be taxed at fair market value after the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.091153
    Latitude
    35.114985

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    FAQs

    What type of property is this?
    Commercial land - 63 +/- acres ideal for development in New Bern, NC.
    Where is this commercial land located?
    The property is located at Amhurst Blvd New Bern, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 1. 63 +/- acres of land ideal for development.; - Prime location in the heart of New Bern, NC, within 5 miles of major employers and corridors.; - Zoned C-5, R-10, and C-3, offering diverse development possibilities.
    (252) 670-5230
    Request Owner's contact information
    Amhurst Blvd New Bern, NC 28562
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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.

    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
    Amhurst Blvd New Bern, NC 28562
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    We can help!
    Listing Contact
    CHUCK TYSON
    Real Estate License ID: 23506
    (252) 670-5230 (252) 633-5766
    Learn more
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