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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Retail space
225 New Bern Rd, Kinston, NC 28504-6733
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2559303
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
25,885 SF
Lot
88.62 ac (3,860,287 SF)
Zoning code
RA6
APN
452410366165
UPID
US53-2559303
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
-
Frenchman's Creek Mall Business Service Center Corporate Office
-
Neuse Sport Shop (Bike/Boat/Book/etc) Store
-
First Citizens Bank ATM Atm
-
La Petite Boutique Clothing & Fashion Store
-
Big Game Brewing Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.47M
Owner & transaction history
Neuse Sport Shop INC · 4 yrs held
Neuse Sport Shop INC
since 2021
4 recorded transactions
Zoning & alternative use
RA6 · Kinston, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10%
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
$134 / 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
$47,400
Tax year 2024
Assessed value
$2,935,009
Assessed 2024
Previous assessed
$2,935,009
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$653,850
Assessed improvement
$2,281,159
Land market value
$653,850
Improvement market value
$2,281,159
Total market value
$2,935,009
Applied tax rate
156.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
4
Stories
1
Rooms
15
Total area
25,885 SF
Lot
88.62 ac (3,860,287 SF)
Zoning code
RA6
APN
452410366165
UPID
US53-2559303
Jurisdiction
LENOIR
Zoning & alternative use
RA6 · Kinston, NC
Zoning RA6 · permitted uses
RA6 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Rooms
15
Lot
88.62 ac
Current owner
From public records · entity-resolved
Neuse Sport Shop INC
Entity
Mailing address
225 E NEW BERN RD, KINSTON, NC 28504-6733
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
—
Neuse Sport Shop INC
—
Deed
related
$6,000,000 · First Citizens Bank Trust Company
Sep 7, 2017
—
Neuse Sport Shop INC
—
Deed
related
$250,000 · Rural Economic Dev Center INC
—
—
Neuse Sport Shop INC
—
Deed Of Trust
related
$2,500,000 · Branch Bk&tr
—
—
Neuse Sport Shop INC
—
Deed Of Trust
related
$250,000 · Rural Economic Dev Center INC
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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