Property profile

111 Rhem St New Bern, NC 28562

OFF-MARKET
Retail space
Property ID
US53-5169432
1,895 SF 0.34 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Total area 1,895 SF
Lot 0.34 ac (14,810 SF)
APN 8-204 -3000
UPID US53-5169432

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Locksmith
  • Hardware & Home Improvement HVAC Service

Location

111 Rhem St New Bern, NC 28562-5551
New Bern metro Census 960700 NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
$575k
Comparable Approach Comparable
$483k
Blend (final) Blend
$550k

Owner & transaction history

since 2024
Last sale
$550,000
3 recorded transactions
2024
$550,000
2018
Price N/A
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $655,000 +42.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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