Mixed-Use
For Sale
$1,050,000
826 New Bern Avenue, Raleigh, NC 27601
The Raleigh property was built in 1957.
Property Size6,013 SF
Price / SF$174.62
Days on Market160
Property Features for 826 New Bern Avenue
General Information
Standard status
Active
Size
6,013 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
C0ece7cb-9cbc-47b4-Ad2d-09a30d2a7b48
Taxes and HOA fees
Annual Taxes
$9,753
Building Details
Building Size
6,013 SF
Year Built
1957
Listing Agency:
Abron & Associates Realty
Listed By:
Joseph T Abron · License #220008
(919) 788-0849
Source:
Duboispropertygroup
Added: May 24
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 Abron & Associates Realty
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Investment Insights
Based on property information with market context.
Located at 826 New Bern Avenue in Raleigh, this mixed-use property contains 6,013 square feet. The building was constructed in 1957.
Key Highlights
- 6,013‑square‑foot mixed‑use property
- Built in 1957
- 826 New Bern Avenue, Raleigh, NC 27601
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,205
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,100
$1.7M
Cap Rate 7%
$1,188,643
$1.2M
Cap Rate 9%
$924,500
$924.5K
Market Conditions
NOI Build-Up for 6,013 SF
Gross rent
$147.9K $24.60/SF
− Vacancy
−$14.8K −$2.46/SF
EGI
$133.1K $22.14/SF
− OpEx
−$49.9K −$8.30/SF
NOI
$83.2K $13.84/SF
Area
Raleigh, NC
Vacancy
10.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,100
Cap Rate 7%
$1,188,643
Cap Rate 9%
$924,500
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,205 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,675 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
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Business Placement
Demographics for 27601, NC
9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The Raleigh property was built in 1957.
Where is this mixed-use property located?
The property is located at 826 New Bern Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 6,013‑square‑foot mixed‑use property; Built in 1957; 826 New Bern Avenue, Raleigh, NC 27601
