Property profile

1516 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Turn key restaurants
Property ID
US53-1603355
2,082 SF 0.18 ac lot Built 1959
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1959
Construction CONCRETE BLOCKS
Total area 2,082 SF
Lot 0.18 ac (7,841 SF)
Zoning code NX-3
APN 1713.06-38-8914 0073658
UPID US53-1603355

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
  • Restaurant

Location

1516 New Bern Ave Raleigh, NC 27610-2536
Raleigh metro Census 50700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2019
$200,000
2013
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1516 New Bern Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message