Property profile

1401 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Drive through restaurants
Property ID
US53-5659951
1,287 SF 0.22 ac lot Built 1973
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1973
Construction BRICK
Total area 1,287 SF
Lot 0.22 ac (9,583 SF)
Zoning code NX-3
APN 1713.06-39-4165 0013156
UPID US53-5659951

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
  • Restaurant

Location

1401 New Bern Ave Raleigh, NC 27610-2533
Raleigh metro Census 50600 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.0M
2014
$985,000
2006
$745,000
2005
$637,500

Zoning & alternative use

NX-3 · Raleigh, NC
Zoning description

The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods

General category MIXED_USE

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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