Property profile

1507 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Auto shops
Property ID
US53-0762498
1,200 SF 0.11 ac lot Built 1963
Individually Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1963
Construction CONCRETE BLOCKS
Total area 1,200 SF
Lot 0.11 ac (4,792 SF)
Zoning code NX-3
APN 1713.06-39-7164 0027903
UPID US53-0762498

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
  • Auto Repair Shop
  • Auto Parts Store Discount Store

Location

1507 New Bern Ave Raleigh, NC 27610-2535
Raleigh metro Census 50600 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2007
1 recorded transaction
2007
$67,500

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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