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    FOR LEASE
    Community centers

    1319 S Glenburnie Rd, New Bern, NC 28562

    5,025 SF 0.58 ac lot Built 1989
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-3445441
    1319 S Glenburnie Rd, New Bern, NC 28562 For Lease
    $1,533/Mo 1,000 SF available
    1319 S Glenburnie Rd, New Bern, NC 28562
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    Property summary
    AI-generated overview

    This single-story, 5,430 square foot office complex, built in 1989 and renovated in 2024, offers multiple suites for lease. Located on S Glenburnie Rd, the property boasts high visibility and ample on-site parking with overflow availability. Five suites are available, with a minimum leasable space of 1,000 square feet and a maximum of approximately 2,000 square feet. Currently connected, the suites can be easily separated into approximately 1,000 square foot sections. Each suite features a front and rear entrance/exit, a bathroom, and varied office layouts; some include kitchenettes. Existing office furniture may be available in certain units. New LVP flooring will be installed upon lease signing. Additional tenant improvements are negotiable. Tenants are responsible for water, sewer, electricity, and trash (billed through the City of New Bern), and the first $300 per HVAC repair occurrence (up to $900 annually). The landlord covers roof and structural repairs, landscaping, property taxes, and property insurance (reimbursed through monthly NNN charges). The property is zoned NC5 and has an APN of 8-240-109. Floor plans are available upon request.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1989
    Total area 5,025 SF
    Lot 0.58 ac (25,265 SF)
    APN 8-240 -109
    UPID US53-3445441
    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
    • Barrett Square Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $405k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $810k
    Blend (final) Blend
    $650k
    Owner & transaction history
    Pica Properties LLC · 2 yrs held
    Pica Properties LLC
    since 2024
    1 recorded transaction
    2024
    $540,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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