Multifamily Property with Retail
For Sale
$599,000
Pending
3100 Trent Rd, New Bern, NC 28562
Income-producing property with residential components, a retail area, parking, and C-4 zoning.
Property Size4,327 SF
Days on Market105
Property Features for 3100 Trent Rd
General Information
Standard status
Pending
Size
4,327 SF
Property subtype
Multi-Family
Zoning
C-4
Units
Unit Mix
1 x 3BR, 2 x studio, 1 x 2BR
Multifamily Units
4
Additional Details
Road Access
Yes
Building Details
Year Built
1920
Listing Agency:
CCA Real Estate
Listed By:
Daniel Castilleja · License #358513
(252) 675-1022
Source:
Coastalrealtyassociates
Added: May 21
Changed: Sep 2
Last Checked: Sep 2 at 6:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CCA Real Estate
Investment Insights
Based on property information with market context.
This multifamily property sits on a 4,327-square-foot parcel improvement with residential components and a retail portion within the main building. The property dates to 1920 and includes two residential rental houses, a duplex, three carports, and storage buildings that convey with the sale. The configuration provides a mix of residential and commercial space on one parcel.
Located at 3100 Trent Rd in New Bern, the property has 210 feet of frontage on Trent Rd and ample parking. C-4 zoning supports its mixed residential and retail configuration. The existing improvements and varied building components offer a practical setup for an owner or investor seeking a multifamily asset with additional commercial space.
Located at 3100 Trent Rd in New Bern, the property has 210 feet of frontage on Trent Rd and ample parking. C-4 zoning supports its mixed residential and retail configuration. The existing improvements and varied building components offer a practical setup for an owner or investor seeking a multifamily asset with additional commercial space.
Key Highlights
- C‑4 zoning with residential and retail components
- 4,327‑square‑foot property with multiple improvements
- 210 feet of frontage on Trent Rd
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,220
$876.2K
Cap Rate 7%
$625,871
$625.9K
Cap Rate 9%
$486,789
$486.8K
Market Conditions
NOI Build-Up for 4,327 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.9K $18.00/SF
− Vacancy
−$7.8K −$1.80/SF
EGI
$70.1K $16.20/SF
− OpEx
−$26.3K −$6.07/SF
NOI
$43.8K $10.13/SF
Area
Craven County, NC
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,220
Cap Rate 7%
$625,871
Cap Rate 9%
$486,789
Alternative Uses
Best Use
Mixed Use
$625.9K
$547.6K – $730.2K
NOI $43,811 @ 7.0% cap · market cap 7.31%
Second Best
Multifamily LT 5
$558.3K
$488.5K – $651.4K
NOI $39,082 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,862 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 28562, NC
39,375
Population
18,812
Households
2.1
Avg Household Size
45
Median Age
33%
College-Educated
93%
High-School Grad
151.7 sq mi
ZIP Area
260
Density / Sq Mi
$74,620
Median Household Income
$40,215
Median Earnings
$1,131
Median Rent
$246,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing property with residential components, a retail area, parking, and C-4 zoning.
Where is this multifamily property located?
The property is located at 3100 Trent Rd New Bern, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: C‑4 zoning with residential and retail components; 4,327‑square‑foot property with multiple improvements; 210 feet of frontage on Trent Rd
