Property profile

1319 S Glenburnie Rd New Bern, NC 28562

FOR LEASE
Community centers
Property ID
US53-3445441
5,025 SF 0.58 ac lot Built 1989
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Corporate Office

Location

1319 S Glenburnie Rd New Bern, NC 28562
New Bern metro Census 960600 NEW BERN, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$810k
Blend (final) Blend
$565k

Owner & transaction history

since 2024
1 recorded transaction
2024
$540,000

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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More about this property
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