Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1310 Commerce Dr New Bern, NC 28562

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1310 Commerce Dr New Bern, NC 28562

    View on Map
    • Commercial real estate
    • 0.48 lot acres
    Off-Market
    Property ID
    US53-3653783
    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

    • Commercial real estate

    Property Details for 1310 Commerce Dr

    Lot size
    0.48 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.48-acre commercial lot is located at 1310 Commerce Dr, New Bern, NC 28562, within the thriving Commerce Business Park. Zoned C-3 Commercial, this pad-ready lot presents a unique opportunity for immediate development. Significant groundwork has already been completed, including extensive site work with compacted rock for both parking and a building pad. Essential utilities, such as water and sewer, are already in place, along with conduit for additional utilities. This significantly reduces construction time and costs. To further streamline the building process, previously approved building plans from the City of New Bern are available upon request. The asking price for this turnkey lot is $185,000, representing a price per acre of $385,417. This property offers a compelling investment opportunity in a dynamic business park environment, eliminating the need for extensive preliminary site preparation and allowing for a swift transition to construction. Seize this chance to establish your business in a prime location with all the necessary infrastructure already in place. The lot's location in Craven County provides easy access to local amenities and transportation networks.

    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
    -77.0960652
    Latitude
    35.094917

    Comparable in this City

    • $499,000

      Cleared Land Parcel For Sale

      Cleared land parcel available in a high-traffic location.
      3005 Trent Rd, New Bern, NC 28562
      View Details
    • $475,000
      11.00 Acres

      Highway Frontage Land For Sale

      10+ acres with 1,500 ft highway frontage near River Bend.
      Us Highway 17 S, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in New Bern

      Residential lot available within the city limits of New Bern.
      Grave St, New Bern, NC 28562
      View Details
    • $5,400,000
      90.00 Acres

      90 Acres Development Land, New Bern

      90 acres of land suitable for high-density development.
      Dr Mlk Jr Blvd, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in New Bern

      Buildable lot with easy access to Hwy 70.
      1901 Aycock Ave, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.31 Acres

      Residential Lot in River Bend

      0.31-acre lot in waterfront community near downtown New Bern.
      107 Starboard Dr, New Bern, NC 28562
      View Details

    Similar Nearby for Sale

    • $499,000

      Cleared Land Parcel For Sale

      Cleared land parcel available in a high-traffic location.
      3005 Trent Rd, New Bern, NC 28562
      View Details
    • $475,000
      11.00 Acres

      Highway Frontage Land For Sale

      10+ acres with 1,500 ft highway frontage near River Bend.
      Us Highway 17 S, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in New Bern

      Residential lot available within the city limits of New Bern.
      Grave St, New Bern, NC 28562
      View Details
    • $5,400,000
      90.00 Acres

      90 Acres Development Land, New Bern

      90 acres of land suitable for high-density development.
      Dr Mlk Jr Blvd, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in New Bern

      Buildable lot with easy access to Hwy 70.
      1901 Aycock Ave, New Bern, NC 28562
      View Details
    • Contact for pricing
      0.31 Acres

      Residential Lot in River Bend

      0.31-acre lot in waterfront community near downtown New Bern.
      107 Starboard Dr, New Bern, NC 28562
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      1,000 SF

      Commercial Space on Trent Boulevard

      Versatile commercial space ready for customization in a prime location.
      3709 Trent Rd, New Bern, NC 28562
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in New Bern, North Carolina.
      3156 Dr, New Bern, NC 28562
      View Details
    • Contact for pricing
      6,427 SF

      Retail Space in Prime Location

      Retail spaces available in high-traffic New Bern corridor.
      2061-2065 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • Contact for pricing
      6,070 SF

      Retail Space in Prime Location

      Retail space available near major retailers and residential communities.
      2063 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • $3,260 /Mo
      2,400 SF

      New Bern Commercial Space Available

      Commercial space ideal for medical or professional office use.
      3278 Wellons Blvd, New Bern, NC 28562
      View Details
    • $500 /Mo
      177,725 SF

      New Maxi Storage Space Available

      Newly built storage units for lease in New Bern, NC.
      4146 Dr. Mlk Blvd, New Bern, NC 28562
      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.
    1310 Commerce Dr
    New Bern, NC 28562
    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

    1310 Commerce Dr, New Bern, NC, 28562

    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!