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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    197 Bosch Blvd New Bern, NC 28562

    • Warehouses
    • 4,000 SF
    • 30.09 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    $640,000
    Cap Rate Potential
    5.6%
    Warehouses
    Location Intelligence
    Property ID
    US53-2688266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DRADURA USA CORP / Manufacturer
    • Amital / Manufacturer / Warehouse

    Property Details for 197 Bosch Blvd

    Year built
    1971
    Lot size
    30.09 lot acres
    Property size
    4,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    8-216 -009
    APU
    8216009

    Description

    This exceptional 42,000-square-foot industrial property at 197 Bosch Blvd, New Bern, NC 28562, presents a significant opportunity for businesses seeking versatile warehouse, manufacturing, distribution, or flex space. Built in 1971, this single-building facility offers immediate occupancy with multiple tenancy options. The property boasts three dock-high doors and one loading dock, ensuring efficient loading and unloading operations. The presence of three-phase power caters to a wide range of industrial needs. Its strategic location provides quick access to Highway 70, offering convenient transportation links. The property's proximity to the BSH Small Appliances Manufacturing Facility adds to its appeal, creating potential synergies for related businesses. This versatile space is ideal for companies requiring substantial storage, manufacturing capabilities, or a combination of both. The 42,000 square feet of available space provides ample room for expansion and growth. This is a rare opportunity to secure a well-located, functional industrial property in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $674,000
      Market price range: $266k - $674k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.11
    Latitude
    35.1376
    CBSA code
    35100
    CBSA name
    NEW BERN, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,496
    $0.00
    $2,000,000
    $2,000,000
    -
    $0.00
    $2,000,000
    $2,000,000

    Comparable in this City

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    • Value Estimation
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      595,290 SF

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    • Value Estimation
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      2,000 SF

      5715 Old Us 70th W Hwy

      MINI-WAREHOUSE, STORAGE • 2,000 SF
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      View Details
    • Value Estimation
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      2.76 Acres

      450 Crump Farm Rd

      MINI-WAREHOUSE, STORAGE • 2.76 Acres
      450 Crump Farm Rd, New Bern, NC 28562
      View Details
    • Value Estimation
      $440,000
      864 SF

      2409 Spencer Ave

      MINI-WAREHOUSE, STORAGE • 864 SF
      2409 Spencer Ave, New Bern, NC 28562-5324
      View Details

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    Similar Nearby for Lease

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      Flex Space in New Bern, NC

      Versatile Industrial Space Available
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      View Details
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      Office, warehouse, or medical space for lease in New Bern.
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      Industrial and Office Space Available

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    • $4 SF/Yr
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      Bosch Blvd Industrial Warehouse

      42,000 SF Warehouse Space Available
      197 Bosch Blvd, New Bern, NC 28562
      View Details
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    New Bern, NC 28562
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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