Building Details

Year Built 1920

Listing Agency: CCA Real Estate

Listed By: Daniel Castilleja · License #358513 Show Phone

Source: Coastalrealtyassociates

Added: May 3 Changed: Oct 1 Last Checked: Oct 16 at 9:37AM

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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.

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 / Yr

$43,811

Cap Rate

7.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$876,220 $876.2K

Cap Rate 7%

$625,871 $625.9K

Cap Rate 9%

$486,789 $486.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,327 SF

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 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 (±1% cap)

NOI $43,811 @ 7.0% cap · market cap 7.31%

Second Best

Multifamily LT 5

$558.3K

$488.5K – $651.4K (±1% cap)

NOI $39,082 @ 7.0% cap · market cap 6.52%

Theoretical Best

Office A

$1.43M

$1.25M – $1.66M (±1% cap)

NOI $99,862 @ 7.0% cap · market cap 16.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic Electrical Service Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Contact for pricing

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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