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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Bed & breakfasts
220 Pollock St New Bern, NC 28560-4943
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2820533
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1903
Total area
5,796 SF
Lot
0.25 ac (10,890 SF)
APN
8-002-A -216
UPID
US53-2820533
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bouchée Bee Catering Service Take-out & Catering
-
The Jarvis at 220 Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Christopher Bret Strickland · 3 yrs held
Christopher Bret Strickland
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+419.7%
Office building
$1.4M
+371.7%
Commercial (general)
$970,000
+217.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Bern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Bern submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,070,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,590,000
Change: +420% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +372% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +217% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +208% · Conversion: Difficult
RESTAURANT
$935,000
Change: +205% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.49M (Dec 22 2022)
Last sale anchor
$1.49M
Dec 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,077
Tax year 2024
Assessed value
$1,154,530
Assessed 2024
Previous assessed
$1,154,530
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$115,710
Assessed improvement
$1,038,820
Land market value
$115,710
Improvement market value
$1,038,820
Total market value
$1,154,530
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1903
Heating
ZONE
Cooling
YES
Buildings
2
Stories
2
Rooms
10
Total area
5,796 SF
Lot
0.25 ac (10,890 SF)
APN
8-002-A -216
UPID
US53-2820533
Jurisdiction
CRAVEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RESTAURANT
Est. value
$935,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1903
Heating
ZONE
Cooling
Yes
Stories
2
Buildings
2
Rooms
10
Lot
0.25 ac
Current owner
From public records · entity-resolved
Christopher Bret Strickland
Individual
Mailing address
779 LK WACKENA RD, GOLDSBORO, NC 27534-8135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$1,485,000
Christopher Bret Strickland
Michael Patrick Gleason
Deed
$851,000 · Fifth Third Bank NA
Dec 17, 2020
—
Denise B Gleason
—
Deed
related
$460,000 · United Bank
Jan 24, 2018
$433,000
Michael P Gleason
William D Franklin
Warranty Deed
$375,000 · Crescom Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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