Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1030 Broad St New Bern, NC 28560
    Property profile & analytics

    1030 Broad St New Bern, NC 28560

    View on Map
    • Warehouses
    • 3,700 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US53-3691434
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Corey Purdie Speaks / Consultant

    Property Details for 1030 Broad St

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,700 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    8-008 -018
    APU
    8008018

    Description

    This exceptional 3,700 square foot commercial property at 1030 Broad Street in New Bern, North Carolina, presents a unique opportunity for an innovative entrepreneur. Located in the heart of downtown, this open shell building offers unparalleled flexibility for a wide range of commercial uses. Its prime downtown location provides easy access to the Neuse Riverfront, the courthouse, and a vibrant array of shops and restaurants. The property is situated in a high-traffic area on Broad Street, ensuring excellent visibility and accessibility for your business. New Bern and its surrounding areas are experiencing significant growth, making this an ideal time to invest in this thriving community. The asking price for this exceptional property is $595,000. Note that an adjacent lot at 1026 Broad Street, separately owned, is available for purchase and could provide valuable parking options. This 3700 square foot building is ready for your vision and offers a blank canvas to create your ideal commercial space. The property is located in Craven County, North Carolina, with a zip code of 28560.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.0505
    Latitude
    35.1085
    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
    2024
    $501
    $26,600
    $33,400
    $60,000
    -
    $26,600
    $33,400
    $60,000

    Comparable in this City

    • Value Estimation by Request
      864 SF

      New Bern, NC 28560

      MINI-WAREHOUSE, STORAGE • 864 SF
      New Bern, NC 28560
      View Details
    • Value Estimation by Request
      1,200 SF

      3411 Oaks Rd

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      3411 Oaks Rd, New Bern, NC 28560-2718
      View Details
    • Value Estimation by Request
      810 SF

      104 B St

      MINI-WAREHOUSE, STORAGE • 810 SF
      104 B St, New Bern, NC 28560-9557
      View Details
    • Value Estimation by Request
      5,600 SF

      230 Broad Crk Rd

      MINI-WAREHOUSE, STORAGE • 5,600 SF
      230 Broad Crk Rd, New Bern, NC 28560-9321
      View Details
    • Value Estimation
      $720,000
      4,840 SF

      2203 Trent Blvd

      MINI-WAREHOUSE, STORAGE • 4,840 SF
      2203 Trent Blvd, New Bern, NC 28560
      View Details
    • Value Estimation by Request
      3.37 Acres

      600 Us 70th E Hwy

      MINI-WAREHOUSE, STORAGE • 3.37 Acres
      600 Us 70th E Hwy, New Bern, NC 28560-6562
      View Details

    Similar Nearby for Sale

    • $1,150,000
      16,752 SF

      Versatile Mixed-Use Property Near New Bern

      2.22 acres with warehouse, mixed-use building, and greenhouse.
      1309 Old Cherry Point Rd, New Bern, NC 28560
      View Details
    • $1,199,000

      Versatile Mixed-Use Property Near New Bern

      2.22 acres with warehouse, mixed-use building, and greenhouse.
      1309 Old Cherry Point Rd, New Bern, NC 28560
      View Details
    • $1,199,000
      16,752 SF

      Versatile Commercial Property Near New Bern

      2.22 acres with warehouse, mixed-use building, greenhouse frame.
      1309 Old Cherry Point Rd, New Bern, NC 28560
      View Details
    • $150,000
      2.05 Acres

      Two-Acre Wooded Lot

      2-acre wooded lot in Neuse River Estates, New Bern.
      203 N Ridge Rd, New Bern, NC 28560
      View Details
    • $48,500
      3.53 Acres

      Creek Front Residential Land

      3.53 acres of residential creek front land.
      175 N Berne Landing Rd, New Bern, NC 28560
      View Details
    • $95,000
      0.64 Acres

      Neuse Harbour Homesite Opportunity

      Homesite near the riverfront in a sought-after neighborhood.
      508 Neuse Harbour Blvd, New Bern, NC 28560
      View Details

    Similar Nearby for Lease

    • $5,200 /Mo
      2,400 SF

      Office/Warehouse Space with Secured Yard

      Flexible commercial property near US-17, suitable for various businesses.
      163 W Pine St, New Bern, NC 28560
      View Details
    • $1,600 /Mo
      20,909 SF

      New Bern Warehouse Space Available

      1,600 SF warehouse with 16,000 SF shared yard.
      114 Justin Dr, New Bern, NC 28560
      View Details
    • $2,300 /Mo
      1,634 SF

      Commercial Office Space Available

      Two-story commercial office space in excellent condition, ready for occupancy.
      220 S Front St, New Bern, NC 28560
      View Details
    • $675 /Mo
      600 SF

      Downtown New Bern Commercial Space

      Commercial space in historic downtown New Bern, 600 square feet.
      821 Queen St, New Bern, NC 28560
      View Details
    • $800 /Mo
      690 SF

      Adaptable Office Space Available

      Commercial office space in New Bern, NC, for rent.
      1702 S 70, New Bern, NC 28560
      View Details
    • Contact for pricing

      Former School and Church Space

      16,000 sqft former school and church in historic district.
      1217 N Pasteur St, New Bern, NC 28560
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1030 Broad St
    New Bern, NC 28560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1030 Broad St, New Bern, NC, 28560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!