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Property profile & analytics

815 New Bern Ave Raleigh, NC 27601-1601

  • Office buildings
  • 3,988 SF
  • 0.14 lot acres
OFF-MARKET
Last Sale
Jun 03, 2022
$900,000
Value Estimations
$870,000
Show details
Cap Rate Potential
6.7%
Office buildings
Location Intelligence
Property ID
US53-1701148
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Page Law, P.A. / Personal Injury Attorney
  • Dream Clean of NC Cleaning Service / House Cleaning Service / Commercial Cleaning Service
  • Dorrestein Ronald / Lawyer

Property Details for 815 New Bern Ave

Year built
1951
Construction
BRICK
Lot size
0.14 lot acres
Property size
3,988 SF
Zone code
OX-3
Property type
Office buildings
APN
1713.05-09-8171 0044517
APU
1713050981710044517

Description

This exceptional 1,527 square foot executive office suite is ideally located in downtown Raleigh, Wake County. The space is currently vacant and available for lease as a single-tenant occupancy. Recently renovated, the suite boasts modern finishes that beautifully complement the building's original character. A key feature is the convenient separate entrance to the second-floor space, offering privacy and accessibility. The asking rate is $22 per square foot, NNN. Ample parking is available for tenants and their guests, a significant advantage in a bustling urban setting. The property is classified as an office building, specifically an executive office suite, making it perfect for businesses seeking a prestigious and functional workspace. The building's size is precisely 1,527 square feet, providing a comfortable and efficient layout for a variety of professional uses. The entire space is available, presenting a unique opportunity for a business to establish a strong presence in a vibrant and desirable location. The modern renovations ensure a contemporary and appealing work environment, while the building's inherent character adds a touch of sophistication. This combination of modern amenities and classic charm makes this property a truly exceptional opportunity. The ample parking further enhances the convenience and appeal of this outstanding executive office suite.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $880,000
    ML approach
    $955,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $980,000
    6.5%
    $905,000
    7%
    $840,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $564,000
    Market price range: $565k - $1.03M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.6262
Latitude
35.7802
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,102
$274,410
$10,201
$284,611
-
$274,410
$10,201
$284,611
More about this property
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