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    Property profile & analytics

    5385 River Rd Washington, NC 27889

    • Grocery and convenience stores
    • 2,740 SF
    • 0.67 lot acres
    For Sale
    View listing
    $799,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-4535453
    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

    • Handy Mart / Convenience Store / Coffee Shop
    • Exxon / Gas Station
    • Western Union / Money Transfer Service

    Property Details for 5385 River Rd

    Year built
    1979
    Lot size
    0.67 lot acres
    Property size
    2,740 SF
    Property type
    Grocery and convenience stores
    APN
    5694-94-2345
    APU
    5694942345

    Description

    This exceptional commercial property, located at 5385 River Road in Washington, North Carolina, presents a unique investment opportunity. Boasting a substantial 2,740 square feet of space, this versatile property sits on a sizable 0.67-acre lot, offering ample room for expansion or outdoor utilization. The property's "Other" classification allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. Its prime location on River Road provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The asking price of $799,000 represents a compelling value for a property of this size and location in Washington, NC. This property is ready for immediate occupancy and presents a blank canvas for a discerning buyer to create a thriving business venture. The substantial lot size offers significant potential for future development or expansion, catering to a variety of business needs. Given its size, location, and versatility, this property is an exceptional opportunity for investors and entrepreneurs alike seeking a strong foothold in the Washington, NC market. Serious inquiries are encouraged to explore the full potential of this remarkable commercial offering. The property is currently available for immediate purchase.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.9864
    Latitude
    35.5038
    CBSA code
    47820
    CBSA name
    WASHINGTON, NC MICROPOLITAN 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
    2024
    $1,997
    $70,350
    $184,042
    $254,392
    -
    $70,350
    $184,042
    $254,392

    Comparable in this City

    • Value Estimation by Request
      896 SF

      571 Cherry Run Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 896 SF
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      View Details
    • Value Estimation
      $885,000
      1.19 Acres

      1345 John Small Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1.19 Acres
      1345 John Small Ave, Washington, NC 27889-3842
      View Details
    • Value Estimation
      $495,000
      20,124 SF

      626 Riv Rd

      GROCERY, SUPERMARKET • 20,124 SF
      626 Riv Rd, Washington, NC 27889-3923
      View Details
    • Value Estimation
      $295,000
      1.73 Acres

      5337 Us Hwy 264th W

      CONVENIENCE STORE (W/FUEL PUMP) • 1.73 Acres
      5337 Us Hwy 264th W, Washington, NC 27889-6814
      View Details
    • Value Estimation by Request
      8,640 SF

      1695 5th St

      CONVENIENCE STORE (W/FUEL PUMP) • 8,640 SF
      1695 5th St, Washington, NC 27889-4001
      View Details
    • Value Estimation
      $1,360,000
      2,020 SF

      2532 5th St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,020 SF
      2532 5th St, Washington, NC 27889-9077
      View Details

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    5385 River Rd
    Washington, NC 27889
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    Realmo Value Estimation

    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.

    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.

    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
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