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Financial
Distress signals
Property profile

2941 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Other investment properties
Property ID
US53-1079229
4,272 SF 1.83 ac lot Built 1954
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land parcel with an existing structure that can be removed to support new development under more recent zoning standards. It has a New Bern Avenue address and is located across from Wake Medical Hospital, with access via U.S. 440. The site’s location and current conditions provide a basis for evaluating the feasibility of constructing a new commercial building, subject to applicable zoning and development requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.21M
Assessed land$1.20M
Assessed improvement$13k

Value estimate

· Oct 2026
$1.01M
$909k – $1.11M
CAP approach$905k
Submarket $/SF estimate$788k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$324/SF
Submarket average, outlier-cleaned · 83 recorded sales of this use type
Observed band · Q1–Q3$212 – $484
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OX-3
The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service rela...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.5
HVAC Service10.9
Wholesale Shop10.6

Location

2941 New Bern Ave Raleigh, NC 27610-1213
County assessor Recorded deeds · not on file 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2815 Kidd, Raleigh, NC 27610-1843 $730,000 Sep 2023 2,039 SF
2407 Garner, Raleigh, NC 27610-4613 $197,400 Sep 2020 1,654 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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