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    Property profile & analytics

    2945 New Bern Ave Raleigh, NC 27610-1213

    • Medical offices
    • 7,250 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $1,925,000
    Last Sale
    Mar 28, 2025
    $2,300,000
    Location Intelligence
    Property ID
    US53-3240155
    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

    • Night & Day Dental / Dental Hygienist / Dental Implants Provider
    • Dr. David W. Nightingale, DDS / Dentist
    • Uhlir Nicholas DDS / Dentist
    • Tiffee John C DDS / Dentist
    • Dr. Marmar Jowza, DDS / Dentist

    Property Details for 2945 New Bern Ave

    Year built
    2005
    Construction
    BRICK
    Lot size
    0.99 lot acres
    Property size
    7,250 SF
    Zone code
    OX-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1724.17-11-3264 0016132
    APU
    1724171132640016132

    Description

    This exceptional investment opportunity presents a fully leased, single-tenant medical office building situated at 2945 New Bern Avenue in Raleigh, North Carolina. The 7,250 square foot building, constructed in 2005, sits on a 0.99-acre lot and is zoned OX-3. Its prime location offers convenient access to I-440 and Downtown Raleigh, and enjoys a highly visible position directly across New Bern Avenue from WakeMed's main campus. The property features a single-story design and is currently fully occupied by a tenant with a proven track record, operating ten locations, since 2014. The building's interior is comprehensively equipped with 20 exam rooms, each with associated plumbing, reflecting a substantial investment in medical-specific infrastructure. The asking price is $2,500,000, translating to $344.83 per square foot. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a thriving medical market. The property's strong tenant history and strategic location contribute to its significant long-term potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,115,000
      6.5%
      $2,180,000
      7%
      $2,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,405,000
      Geo Method
      $2,095,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,060,000
      Retail
      $2,045,000
      Mixed-Use
      $2,170,000
      Hospitality
      $2,415,000
      Educational
      $2,150,000
      Residential Income
      $2,400,000
      Energy
      $2,500,000
      Income-Based Land
      $2,285,000
      Food Service
      $2,085,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5907
    Latitude
    35.786
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN 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
    2023
    $12,127
    $550,004
    $562,543
    $1,112,547
    -
    $550,004
    $562,543
    $1,112,547

    Comparable in this City

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      10 Sunnybrook Rd

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    • Value Estimation
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      6,670 SF

      1205 Martin Luther King Jr Blvd

      MEDICAL BUILDING • 6,670 SF
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      View Details
    • Value Estimation by Request
      88,596 SF

      23 Sunnybrook Rd

      MEDICAL BUILDING • 88,596 SF
      23 Sunnybrook Rd, Raleigh, NC 27610-1855
      View Details

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    2945 New Bern Ave
    Raleigh, NC 27610-1213
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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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