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    714 Broad St New Bern, NC 28562

    • Drive through restaurants
    • 3,322 SF
    • 0.96 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-3678034
    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

    • Drive through restaurants

    Property Details for 714 Broad St

    Year built
    1979
    Lot size
    0.96 lot acres
    Property size
    3,322 SF
    Property type
    Drive through restaurants
    APN
    8-008 -119
    APU
    8008119

    Description

    This exceptional 0.96-acre property at 714 Broad Street in New Bern, North Carolina, presents a unique investment opportunity. Currently vacant, this 3,322 square foot site boasts a prime downtown location and is zoned COMMERCIAL, allowing for a variety of uses. Previously occupied by Hardee's and Jim Bob's Restaurant, the property features a drive-thru lane and ample parking, making it ideal for a quick-service restaurant (QSR) or similar commercial venture. The single-story building sits on a sizable 0.96-acre lot, providing significant flexibility for development or redevelopment. The asking price is $1,500,000. This value-add investment is ready for a new owner to capitalize on its excellent location and potential. The property's history as a successful restaurant location, combined with its convenient access and ample parking, makes it an attractive proposition for entrepreneurs seeking a high-traffic, high-visibility site in a thriving downtown area. The property is vacant and ready for immediate occupancy. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $275,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $235,000
      Mixed-Use
      $265,000
      Hospitality
      $240,000
      Educational
      $275,000
      Residential Income
      $300,000
      Energy
      $245,000
      Income-Based Land
      $305,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.0453
    Latitude
    35.1087
    CBSA code
    35100
    CBSA name
    NEW BERN, 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
    2023
    $2,482
    $182,400
    $118,500
    $300,900
    -
    $182,400
    $118,500
    $300,900

    Comparable in this City

    • Value Estimation
      $495,000
      2,736 SF

      1815 Neuse Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,736 SF
      1815 Neuse Blvd, New Bern, NC 28560-2316
      View Details
    • Value Estimation by Request
      1,172 SF

      1816 Neuse Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,172 SF
      1816 Neuse Blvd, New Bern, NC 28560-2334
      View Details
    • Value Estimation
      $410,000
      2,712 SF

      120 C St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,712 SF
      120 C St, New Bern, NC 28560
      View Details
    • Value Estimation
      $535,000
      2,736 SF

      971 Us 70th E Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,736 SF
      971 Us 70th E Hwy, New Bern, NC 28560-6535
      View Details
    • Value Estimation
      $700,000
      3,830 SF

      931 Us 70th E Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,830 SF
      931 Us 70th E Hwy, New Bern, NC 28560
      View Details
    • Value Estimation
      $335,000
      2,544 SF

      2315 Neuse Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,544 SF
      2315 Neuse Blvd, New Bern, NC 28560-4307
      View Details

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    714 Broad St
    New Bern, NC 28562
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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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