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    Property profile & analytics

    30 Park Ln Havelock, NC 28532-2689

    • Outlet malls
    • 10,560 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3503500
    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

    • New Beginnings Ministry-Fth / Church
    • Cumbo Funeral Care / Social Service Agency

    Property Details for 30 Park Ln

    Year built
    1963
    Lot size
    1.78 lot acres
    Property size
    10,560 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    6-060 -011
    APU
    6060011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,520,000
      Market price range: $711k - $3.06M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,930,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,200,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,965,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,880,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Havelock
    County
    Craven
    State
    North Carolina
    Longitude
    -76.9152
    Latitude
    34.8842
    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
    2023
    $7,361
    $110,630
    $543,800
    $654,430
    -
    $110,630
    $543,800
    $654,430

    Comparable in this City

    • Value Estimation
      $830,000
      16,000 SF

      33 Park Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 16,000 SF
      33 Park Ln, Havelock, NC 28532-2686
      View Details
    • Value Estimation
      $24,975,000
      176,599 SF

      566 Us Hwy 70th W

      WHOLESALE OUTLET, DISCOUNT STORE • 176,599 SF
      566 Us Hwy 70th W, Havelock, NC 28532-9569
      View Details
    • Value Estimation
      $705,000
      3,500 SF

      322 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,500 SF
      322 Main St, Havelock, NC 28532-2610
      View Details
    • Value Estimation by Request
      4,800 SF

      108 Crocker Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 4,800 SF
      108 Crocker Rd, Havelock, NC 28532-2226
      View Details
    • Value Estimation
      $875,000
      12,000 SF

      1301 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      1301 Main St, Havelock, NC 28532-1805
      View Details
    • Value Estimation
      $2,390,000
      11,750 SF

      901 Us Hwy 70th W

      WHOLESALE OUTLET, DISCOUNT STORE • 11,750 SF
      901 Us Hwy 70th W, Havelock, NC 28532-7702
      View Details

    Similar Nearby for Sale

    • $325,000
      1.08 Acres

      Commercial Land in Havelock, NC

      Commercial land suitable for gas station, supermarket, or mini mart.
      6044025 U.S Us Highway 70 W, Havelock, NC 28532
      View Details
    • $350,000
      0.86 Acres

      Highway 70 Commercial Opportunity

      Commercial property with high visibility and renovation potential.
      275 W Us 70 Hwy W, Havelock, NC 28532
      View Details
    • $1,599,000
      39,867 SF

      Havelock Mixed-Use Retail Property

      40,000 SF mixed-use retail property in Havelock, North Carolina.
      1 Park Ln, Havelock, NC 28532
      View Details
    • $3,110,506
      13,813 SF

      Freestanding Walgreens in Havelock, NC

      Single tenant Walgreens with absolute NNN lease and zero responsibilities.
      101 W Main St, Havelock, NC 28532
      View Details
    • $679,000

      Retail/Restaurant Opportunity in Havelock

      2,694 SF retail/restaurant building, renovated in 2022, HC zoning.
      413 West Main St, Havelock, NC 28532
      View Details
    • $995,000
      5,500 SF

      Turn-Key Metal Building on Corner

      5500 sq/ft metal building on large corner lot.
      806 E Main St, Havelock, NC 28532
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,100 SF

      Retail Space in Havelock, NC

      5,100 SF retail property available for lease.
      1413 E Main St, Havelock, NC 28532
      View Details
    • $12 SF/Yr

      Prime Retail Space in Havelock

      Exceptional retail space with offices, ample parking, and high visibility.
      208 Roosevelt Blvd, Havelock, NC 28532
      View Details
    • $12 SF/Yr

      Prime Retail Space in Havelock

      Exceptional retail space with offices, ample parking, and high visibility.
      208 Roosevelt Blvd, Havelock, NC 28532
      View Details
    • Contact for pricing

      Commercial Land Near US 70

      Cleared commercial land tract near US 70 in Havelock, NC.
      234 Us Highway 70 W, Havelock, NC 28532
      View Details
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    30 Park Ln
    Havelock, NC 28532-2689
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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