Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4000 Dr. MLK Jr. Blvd New Bern, NC 28562

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office or medical space for lease in New Bern.

    Type:Office
    Property size:
    39,674 SF
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Mar 30 at 12:03 am

    Property Features for 4000 Dr. MLK Jr. Blvd

    General Information

    Standard status
    Active
    Size
    39,674 SF
    Property subtype
    Office

    Building Details

    Year Built
    1977

    Properties For Sale

    at 4000 Dr. MLK Jr. Blvd Contact us

    We can help!

    Listing Contact
    Josh Taylor
    Josh Taylor

    Listing agent Josh Taylor License #NC #318210

    Listing office SVN | Efird Commercial Real Estate

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Efird Commercial Real Estate

    Overview

    New Bern Office/Medical Space

    Office space is available for lease in New Bern's commercial district, situated on Highway 17 Business/MLK Jr Blvd. The available space ranges from 5,000 to 18,000 square feet, suitable for office or medical tenants. Upfitting is available, subject to landlord approval. The location benefits from a high traffic volume of 26,000 AADT (Average Annual Daily Traffic). The property provides ample parking and features large conference/classrooms. Signature signage opportunities are available. The building offers terrific natural light.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1623
    Latitude
    35.1369

    Nearby Similar for Sale

    • $350,000
      1,840 SF

      Turnkey Medical Office Opportunity

      Move-in ready medical office in high-visibility New Bern location.
      3680 Neuse Boulevard, New Bern, NC 28560
      View Details
    • $395,000

      Tranquil Lake Campground Opportunity

      Camp/glamp ground on 42 acres with lake and potential.
      485 Saints Delight Church Road, New Bern, NC 28560
      View Details
    • $250,000
      3,219 SF

      New Bern Duplex Investment Opportunity

      Well-maintained duplex in New Bern with immediate income potential.
      700 2nd Avenue, New Bern, NC 28560
      View Details
    • $449,000

      River Bend Office For Sale

      Unique office building in River Bend, NC, with recent renovations.
      44 Shoreline Drive, New Bern, NC 28562
      View Details
    • $495,000
      5,000 SF

      Functional Office Building in New Bern

      Contemporary office building with offices on the second floor.
      2407 Grace Avenue, New Bern, NC 28562
      View Details
    • $1,150,000
      2,847 SF

      Restaurant Building on Spacious Lot

      Well-located restaurant building with high visibility and expansion potential.
      2405 Neuse Boulevard, New Bern, NC 28562
      View Details
    • $2,384
      2,600 SF

      Renovated Retail/Office Space Available

      Centrally located, renovated space ideal for retail or office use.
      1413 Tatum Drive, New Bern, NC 28560
      View Details
    • $1,676,000
      4,950 SF

      Medical Office Building For Sale

      Single-tenant outpatient medical office building in New Bern, NC.
      2001 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • $1,325
      1,700 SF

      Medical Office Space Available

      Office space in Magnolia Commons Center, Hwy 70 East.
      102 Market Street 108, New Bern, NC 28560
      View Details
    • $295,000

      Updated Commercial Building For Sale

      Commercial building with recent updates suitable for office or retail.
      1308 Old Cherry Point Road, New Bern, NC 28560
      View Details
    • $595,000
      5,030 SF

      Historically Restored Riverside Duplex

      Restored duplex with income potential in historic Riverside district.
      1222 National Avenue, New Bern, NC 28560
      View Details
    • $1,500,000

      Retail Property Near Major Retailers

      Retail property with high visibility and accessibility near major retailers.
      2612 Trent Rd, New Bern, NC 28562
      View Details

    FAQs

    What type of property is this?
    Office units - Office or medical space for lease in New Bern.
    Where is this office units located?
    The property is located at 4000 Dr. MLK Jr. Blvd New Bern, NC.
    What are key features of this property?
    This property features: Prime location in the heart of New Bern's Commercial district on Hwy 17 Business/MLK Jr Blvd.; Flexible space: **5,000 to 18,000 sqft available** for office or medical tenants.; Ample Parking
    (252) 670-9590
    We can help!
    Listing Contact
    Josh Taylor
    Josh Taylor
    Real Estate License ID: NC #318210
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!