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    Property profile & analytics

    1339 Institute Rd Kinston, NC 28504-7308

    • Turn key restaurants
    • 768 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 14, 2021
    Location Intelligence
    Property ID
    US53-2669273
    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

    • Turn key restaurants

    Property Details for 1339 Institute Rd

    Year built
    1979
    Lot size
    0.36 lot acres
    Property size
    768 SF
    Property type
    Turn key restaurants
    APN
    450800629931
    APU
    450800629931

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.6353
    Latitude
    35.3439
    CBSA code
    28820
    CBSA name
    KINSTON, 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
    $413
    $9,964
    $35,818
    $45,782
    -
    $9,964
    $35,818
    $45,782

    Comparable in this City

    • Value Estimation
      $145,000
      2,580 SF

      2000 Vernon Ave

      RESTAURANT • 2,580 SF
      2000 Vernon Ave, Kinston, NC 28504-3330
      View Details
    • Value Estimation
      $335,000
      5,947 SF

      3649 Vernon Ave

      RESTAURANT • 5,947 SF
      3649 Vernon Ave, Kinston, NC 28504
      View Details
    • Value Estimation
      $350,000
      5,985 SF

      1400 Vernon Ave

      RESTAURANT • 5,985 SF
      1400 Vernon Ave, Kinston, NC 28504-3530
      View Details
    • Value Estimation
      $160,000
      2,950 SF

      600 New Bern Rd

      RESTAURANT • 2,950 SF
      600 New Bern Rd, Kinston, NC 28504-6062
      View Details
    • Value Estimation by Request
      1,912 SF

      2643 Crepe Myrtle Rd

      RESTAURANT • 1,912 SF
      2643 Crepe Myrtle Rd, Kinston, NC 28504-5927
      View Details
    • Value Estimation
      $460,000
      4,936 SF

      2459 Hwy 258th N

      RESTAURANT • 4,936 SF
      2459 Hwy 258th N, Kinston, NC 28504-7203
      View Details

    Similar Nearby for Sale

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      7,878 SF

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      Kinston Bank Branch For Sale

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      Kinston Investment Opportunity For Sale

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      High-yield retail space, partially leased.
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    • Contact for pricing
      12,000 SF

      Kinston Retail Space - 12,000 SF

      Prime Kinston storefront, vacant, high traffic.
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    • Contact for pricing
      2 SF

      Kinston Retail Outparcel For Sale

      2,049 SF former bank branch on 0.42-acre outparcel.
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      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      18,000 SF

      Kinston Retail Center - High Traffic!

      Free-standing retail building, multiple spaces available.
      2240 Us-258, Kinston, NC 28504
      View Details
    • $5 SF/Yr
      5,202 SF

      Kinston Flex Space Opportunity

      Versatile flex space available near Highway 11 and Global TransPark.
      2585 Hwy 11 N, Kinston, NC 28504
      View Details
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    1339 Institute Rd
    Kinston, NC 28504-7308
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    Realmo Value Estimation

    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.

    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.

    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
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