Building Details

Year Built 1979

Listing Agency: CENTURY 21 ZAYTOUN RAINES

Listed By: Melinda Jane Bianchi · License #302826 Show Phone

Source: Ibxcoastalliving

Added: Jul 20 Changed: Sep 15 Last Checked: Oct 7 at 3:45PM

Report an Issue

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 CENTURY 21 ZAYTOUN RAINES

Investment Insights

Based on property information with market context.

Located at 714 Broad St in New Bern, this restaurant property contains 3,322 square feet within a 0.96-acre site. The building includes a drive-through and more than ample parking, supporting a range of restaurant or retail configurations. Constructed in 1979, the property previously operated as a Hardee’s and later as Jim Bob’s Restaurant.

The site is positioned near county offices, other restaurants, waterfront destinations, and Union Park. Its Broad Street location provides access to an established downtown setting with surrounding civic, dining, and recreational uses.

Key Highlights

• 3,322‑square‑foot restaurant building
• 0.96‑acre site at 714 Broad St
• Drive‑through configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,635

Cap Rate

6.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,312,700 $1.3M

Cap Rate 7%

$937,643 $937.6K

Cap Rate 9%

$729,278 $729.3K

Market Conditions

NOI Build-Up for 3,322 SF

Gross rent

$100.1K $30.12/SF

− Vacancy

−$6.3K −$1.89/SF

EGI

$93.8K $28.23/SF

− OpEx

−$28.1K −$8.47/SF

NOI

$65.6K $19.76/SF

Area

Craven County, NC

Vacancy

6.29%

Lease Rate

$30.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,312,700

Cap Rate 7%

$937,643

Cap Rate 9%

$729,278

Alternative Uses

Best Use

Retail

$937.6K

$820.4K – $1.09M (±1% cap)

NOI $65,635 @ 7.0% cap · market cap 6.02%

Second Best

Specialty Retail

$613.8K

$537.0K – $716.1K (±1% cap)

NOI $42,963 @ 7.0% cap · market cap 3.94%

Theoretical Best

Office A

$1.10M

$958.4K – $1.28M (±1% cap)

NOI $76,668 @ 7.0% cap · market cap 7.03%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office HVAC Service Plumbing Service Locksmith Auto Parts Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,043

Businesses Nearby

Under-served

Demand for This Use

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Restaurant Building with Walk-In Coolers

2405 Neuse Boulevard, New Bern, NC 28562

$950,000

2,847 SF

View details

Commercial Office/Retail Building

2619 Trent Road, New Bern, NC 28562

$695,000

5,300 SF

View details

Open-Layout Retail Space

1203 Queen St, New Bern, NC 28560

Contact for pricing

4,000 SF

View details

Retail Space in Shopping Center

1407 Tatum Dr, New Bern, NC 28560

Contact for pricing

5,000 SF

View details

Waterfront Commercial Building with Parking

100 Marina Dr, New Bern, NC 28560

$4,000,000

12,500 SF

View details

Ground-Floor Storefront Commercial Unit

1004 Pollock Street A, New Bern, NC 28562

$150,000

642 SF

View details

Ground Floor Storefront Unit

A-1006 Pollock St, New Bern, NC 28560

$150,000

View details

Medical Office with Courtyard

612 Mccarthy Boulevard, New Bern, NC 28562

$1,000,000

4,235 SF

View details

Seven-Suite Bed & Breakfast

509 Pollock Street, New Bern, NC 28562

$1,450,000

4,357 SF

View details

Four-Unit Quadplex with Carports

3100 Trent Road, New Bern, NC 28562

$599,000

4,327 SF

View details

New Construction Duplex

922 Queen Street, New Bern, NC 28560

$715,000

2,200 SF

View details

Multifamily Investment Opportunity

909 Green Park Court, New Bern, NC 28560

$1,850,000

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The property combines restaurant space, drive-through service, and ample on-site parking.

Where is this conventional restaurant located?

The property is located at 714 Broad St New Bern, NC.

What is the asking price?

The asking price for this property is $1,090,000.

What are key features of this property?

This property features: 3,322‑square‑foot restaurant building; 0.96‑acre site at 714 Broad St; Drive‑through configuration