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    Property profile & analytics

    1209 New Bern Rd Kinston, NC 28504

    • Commercial real estate
    • 5.00 lot acres
    For Sale
    View listing
    $300,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-2935978
    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

    • Commercial real estate

    Property Details for 1209 New Bern Rd

    Lot size
    5.00 lot acres
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    451504616427
    APU
    451504616427

    Description

    This exceptional five-acre commercial lot presents a remarkable investment opportunity in Kinston, North Carolina. Strategically situated on Highway 70 (future Interstate 42), this property boasts unparalleled visibility and accessibility. The B-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high traffic exposure. With a substantial 30,000 vehicles passing daily, this location ensures maximum brand visibility and customer reach. The expansive lot provides ample space for new construction, including the potential for a large lay-down yard, catering to businesses requiring significant storage or operational space. The property's address is 1209 W New Bern Rd, Kinston, NC 28504, and its APN is 32693. This is a rare opportunity to acquire a highly visible and versatile commercial lot in a rapidly developing area. The asking price for this exceptional property is $300,000. Don't miss this chance to secure a prime location for your business venture.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $425,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $365,000
      Mixed-Use
      $405,000
      Hospitality
      $370,000
      Educational
      $390,000
      Residential Income
      $345,000
      Energy
      $390,000
      Income-Based Land
      $440,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.6044
    Latitude
    35.2572
    CBSA code
    28820
    CBSA name
    KINSTON, 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
    $2,951
    $325,000
    $2,000
    $327,000
    -
    $325,000
    $2,000
    $327,000

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      4620 Hwy 55th W

      COMMERCIAL (GENERAL) • 2,000 SF
      4620 Hwy 55th W, Kinston, NC 28504-7479
      View Details
    • Value Estimation by Request
      960 SF

      2402 Hull Rd

      COMMERCIAL (GENERAL) • 960 SF
      2402 Hull Rd, Kinston, NC 28504
      View Details
    • Value Estimation by Request
      1,500 SF

      1506 Hull Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      1506 Hull Rd, Kinston, NC 28504-2524
      View Details
    • Value Estimation by Request
      2,340 SF

      2329 Hwy 258th S

      COMMERCIAL (GENERAL) • 2,340 SF
      2329 Hwy 258th S, Kinston, NC 28504-5376
      View Details
    • Value Estimation by Request
      4,564 SF

      603 Wake Ave

      COMMERCIAL (GENERAL) • 4,564 SF
      603 Wake Ave, Kinston, NC 28504-3312
      View Details
    • Value Estimation by Request
      4,628 SF

      1701 Windsor Rd

      Commercial real estate • 4,628 SF
      1701 Windsor Rd, Kinston, NC 28504
      View Details

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    Similar Nearby for Lease

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      View Details
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    1209 New Bern Rd
    Kinston, NC 28504
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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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