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    4100 Dr M L King Jr Blvd New Bern, NC 28562

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    For Sale
    $2,100,000

    Retail property with absolute net lease and favorable rental increases.

    Lot size:
    1.66 Acres

    Property Features for 4100 Dr M L King Jr Blvd

    General Information

    Lot size
    1.66 Acres

    Source: Marcus & Millichap | The Mansour Group Agent David Kern

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Absolute Net Lease Retail Property

    This retail property features an absolute net lease and qualifies for 100% bonus depreciation. The property is offered below replacement cost and at below-market rental rates. It is considered an investment-grade asset with favorable rental increases scheduled every 5 years. The property is characterized as internet-resistant and recession-proof.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

    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
    -77.1211
    Latitude
    35.095407

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    FAQs

    What type of property is this?
    Retail space - Retail property with absolute net lease and favorable rental increases.
    Where is this retail space located?
    The property is located at 4100 Dr M L King Jr Blvd New Bern, NC.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Absolute net lease offers a hands-off investment opportunity.; - Qualifies for 100% bonus depreciation, providing significant tax benefits.; - Below replacement cost, representing excellent value.
    (858) 373-3200
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    4100 Dr M L King Jr Blvd New Bern, NC 28562
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    Realmo Value Estimation

    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.

    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
    4100 Dr M L King Jr Blvd New Bern, NC 28562
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