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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office Spaces
119 Middle St New Bern, NC 28560-2143
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3477629
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1923
Total area
3,604 SF
Lot
0.24 ac (10,367 SF)
APN
8-001-D -152
UPID
US53-3477629
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Donna & Team New Bern Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$775k
Owner & transaction history
Middle Street LLC · 2 yrs held
Middle Street LLC
since 2024
Last sale
$775,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+53.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Bern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Bern submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
WAREHOUSE, STORAGE
$1,250,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$740,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Mar 28 2024)
Last sale anchor
$775k
Mar 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,389
Tax year 2024
Assessed value
$667,030
Assessed 2024
Previous assessed
$667,030
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$209,730
Assessed improvement
$457,300
Land market value
$209,730
Improvement market value
$457,300
Total market value
$667,030
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1923
Heating
HEAT PUMP
Total area
3,604 SF
Lot
0.24 ac (10,367 SF)
APN
8-001-D -152
UPID
US53-3477629
Jurisdiction
CRAVEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Heating
HEAT PUMP
Lot
0.24 ac
Current owner
From public records · entity-resolved
Middle Street LLC
Entity
Mailing address
119 MIDDLE ST, NEW BERN, NC 28560-2143
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
Middle Street LLC
—
Deed
related
$231,000 · First Citizens Bank & Trust Co
Mar 28, 2024
$775,000
Middle Street LLC
Middle Street 2010 LLC
Warranty Deed
$658,750 · First Citizens Bank & Trust Co
Jul 29, 2021
—
Middle Street 2010 LLC
—
Deed
related
$350,000 · First Citizens Bank & Trust Co
Jan 19, 2010
$340,000
Middle Street 2010 LLC
Trent River Land & Cattle Company L
Deed
$272,000 · The East Carolina Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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