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    Property profile & analytics

    2508 M L King Jr Blvd New Bern, NC 28562-4236

    • Drive through restaurants
    • 3,039 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    Jan 04, 2021
    Location Intelligence
    Property ID
    US53-3754604
    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

    • Drive through restaurants

    Property Details for 2508 M L King Jr Blvd

    Year built
    1990
    Lot size
    0.99 lot acres
    Property size
    3,039 SF
    Property type
    Drive through restaurants
    APN
    8-212 -057
    APU
    8212057

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.0822
    Latitude
    35.1055
    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
    2024
    $8,659
    $733,120
    $304,100
    $1,037,220
    -
    $733,120
    $304,100
    $1,037,220

    Comparable in this City

    • Value Estimation
      $710,000
      2,729 SF

      2831 Neuse Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,729 SF
      2831 Neuse Blvd, New Bern, NC 28562-2833
      View Details
    • Value Estimation by Request
      4,668 SF

      1703 Red Robin Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,668 SF
      1703 Red Robin Ln, New Bern, NC 28562-5732
      View Details
    • Value Estimation
      $700,000
      4,199 SF

      2006 Glenburnie Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,199 SF
      2006 Glenburnie Rd, New Bern, NC 28562-5227
      View Details
    • Value Estimation
      $300,000
      1,802 SF

      3303 M L King Jr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,802 SF
      3303 M L King Jr Blvd, New Bern, NC 28562-5222
      View Details
    • Value Estimation
      $1,295,000
      3,714 SF

      2507 M L King Jr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,714 SF
      2507 M L King Jr Blvd, New Bern, NC 28562-4237
      View Details
    • Value Estimation
      $885,000
      2,216 SF

      New Bern, NC 28562

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,216 SF
      New Bern, NC 28562
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Restaurant Opportunity with Drive-Thru

      4,500 SF restaurant on 1.16 acres with drive-thru.
      1512 Us 70 Hwy E, New Bern, NC 28562
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    • Contact for pricing
      2,500 SF

      Marina Drive Restaurant Opportunity

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    • $1,500,000
      0.96 Acres

      Downtown New Bern Restaurant Site

      Prime location, vacant, 3,322 sq ft.
      714 Broad St, New Bern, NC 28562
      View Details
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      High-Visibility End-Cap Unit

      3,600 SF retail space in high-traffic New Bern location.
      3918 Doctor Martin Luther King Junior Blvd, New Bern, NC 28562
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    • $2,100,000

      Absolute Net Lease Retail Property

      Retail property with absolute net lease and favorable rental increases.
      4100 Dr M L King Jr Blvd, New Bern, NC 28562
      View Details
    • $917,700
      9,014 SF

      Freestanding Dollar General in New Bern

      Single tenant Dollar General with investment grade credit rating.
      455 Pirates Rd, New Bern, NC 28562
      View Details

    Similar Nearby for Lease

    • New
      $2,500 /Mo
      2,930 SF

      Restaurant Space in Village Square

      Equipped restaurant space in a busy shopping center.
      3515 Trent Rd, New Bern, NC 28562
      View Details
    • Contact for pricing
      288,808 SF

      New Bern Mall: Retail Spaces Available

      Prime Retail Space, Multiple Units, High Visibility
      3134 Dr. M.l.k. Jr Blvd, New Bern, NC 28562
      View Details
    • $900 /Mo
      700 SF

      Retail Space in Town Park Plaza

      Retail space in shopping center with open floor plan.
      2503 Neuse Blvd, New Bern, NC 28562
      View Details
    • Contact for pricing
      6,070 SF

      Retail Space in Prime Location

      Retail space available near major retailers and residential communities.
      2063 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • Contact for pricing
      6,427 SF

      Retail Space in Prime Location

      Retail spaces available in high-traffic New Bern corridor.
      2061-2065 S Glenburnie Rd, New Bern, NC 28562
      View Details
    • $750 /Mo
      500 SF

      Commercial Space in Chelsea Square

      Commercial office space available for lease in New Bern, NC.
      3400 Trent Rd, New Bern, NC 28562
      View Details
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    New Bern, NC 28562-4236
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    Realmo Value Estimation

    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.

    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.

    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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