Property profile

1905 Glenburnie Rd New Bern, NC 28562

OFF-MARKET
Turn key restaurants
Property ID
US53-3739398
1,900 SF 0.28 ac lot Built 1973
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Total area 1,900 SF
Lot 0.28 ac (12,197 SF)
APN 8-208 -088
UPID US53-3739398

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

1905 Glenburnie Rd New Bern, NC 28562-5224
New Bern metro Census 960401 NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M

Owner & transaction history

since 2020
Last sale
$900,000
3 recorded transactions
2022
Price N/A
2020
$900,000
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $660,000 +4.8%

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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