Property profile

1602 Old Cherry Pt Rd New Bern, NC 28560

OFF-MARKET
Retail space
Property ID
US53-3693343
2,495 SF 1.85 ac lot Built 2005
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 2,495 SF
Lot 1.85 ac (80,586 SF)
APN 7-015 -9000
UPID US53-3693343

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
  • Plumbing Service Building Supply

Location

1602 Old Cherry Pt Rd New Bern, NC 28560-6646
New Bern metro Census 961002 NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
$760k
Comparable Approach Comparable
$786k
Blend (final) Blend
$500k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Warehouse, storage $865,000 +68.5%
Commercial (general) $565,000 +9.8%
Neighborhood: shopping center $520,000 +1.3%

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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