Technical
Financial
Distress signals
Property profile

218 Middle St New Bern, NC 28560

OFF-MARKET
Retail space
Property ID
US53-0268162
4,796 SF 0.05 ac lot Built 1915
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1915
Construction WOOD
Total area 4,796 SF
Lot 0.05 ac (2,352 SF)
APN 8-001-C -113
UPID US53-0268162

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
  • Bakery Specialty Food Shop
  • Nightclub Bar & Pub
  • Art Gallery

Location

218 Middle St New Bern, NC 28560-2142
New Bern metro Census 960900 NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.46M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$325k

Owner & transaction history

since 2018
2 recorded transactions
2024
Price N/A
2018
$468,000

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.7M +68.5%
Commercial (general) $1.1M +9.8%
Neighborhood: shopping center $1.0M +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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