Property profile

120 Roberts Rd Newport, NC 28570

OFF-MARKET
Bars & Pubs
Property ID
US53-2854342
5,292 SF 2.44 ac lot Built 1959
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,292 SF
Lot 2.44 ac (106,286 SF)
Zoning code CH
APN 6348.17.21.2017000
UPID US53-2854342

Cap rate & NOI

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

Location

120 Roberts Rd Newport, NC 28570-4131
Newport metro Census 970703 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2023
Last sale
$499,000
3 recorded transactions
2023
$499,000
2014
$1.3M
2014
$1.3M

Zoning & alternative use

CH · Newport, NC
Zoning description

k. CH-CD. l. LI-CD. m. IW-CD. Ord. 2021-02, passed 6-14-21) Share Download Bookmark Print § 6-2.6 PLANNED UNIT DEVELOPMENT DISTRICT. a. General. The Planned Unit Development District (PUD) is a special purpose Conditiona…

General category COMMERCIAL

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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