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Property profile & analytics

1309 Old Cherry Point Rd New Bern, NC 28560

  • Manufacturing properties
  • 1,344 SF
  • 2.22 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-2715146
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

  • Manufacturing properties

Property Details for 1309 Old Cherry Point Rd

Year built
1958
Lot size
2.22 lot acres
Property size
1,344 SF
Property type
Manufacturing properties
APN
7-012 -094
APU
7012094

Description

This exceptional bank-owned property, located at 1309 Old Cherry Point Road in New Bern, North Carolina, presents a unique investment opportunity. Spanning 2.22 acres, the property comprises three buildings totaling 16,752 square feet, offering a versatile mix of warehouse, flex, and retail space. The main warehouse building boasts 14,400 square feet with 12-foot ceiling heights, six overhead doors, concrete floors, and existing office and restroom facilities. A separate 2,352-square-foot, two-story mixed-use building features a ground-floor shop space with a garage door and a second-floor residential area with two bedrooms and a bathroom. Additionally, a 5,400-square-foot greenhouse is included, although it requires a new membrane. The property also includes a fenced, partially graveled storage lot. Conveniently situated just over the bridge from New Bern in James City, this location offers easy access to US-70 (future I-42). The absence of zoning restrictions allows for a wide range of potential uses, including retail, manufacturing, warehousing, and distribution. The property is outside city limits, resulting in only county taxes. The asking price is $1,350,000, translating to $80.59 per square foot. This property offers significant potential for expansion and on-site storage, making it an attractive investment for various business ventures. The property's APN is 7-012-094.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $475,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $701,000
    Market price range: $83.7k - $701k

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


Location Insight

  • Map
  • Local Demand
City
New Bern
County
Craven
State
North Carolina
Longitude
-77.0274
Latitude
35.0762
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
$3,195
$333,000
$338,800
$671,800
-
$333,000
$338,800
$671,800
More about this property
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