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Property profile & analytics

301 Glenburnie Rd New Bern, NC 28560-2706

  • Warehouses
  • 13,107 SF
  • 1.64 lot acres
OFF-MARKET
Last Sale
Jun 03, 2022
Value Estimations
$545,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-2515430
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

  • CDSG Medical & Wellness / Medical Supply Store
  • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
  • Metts Climate Controlled Storage / Boat Storage Facility / Self-Storage Facility

Property Details for 301 Glenburnie Rd

Year built
1976
Lot size
1.64 lot acres
Property size
13,107 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
8-031 -018
APU
8031018

Description

This exceptional self-storage facility in New Bern, NC, presents a compelling value-add investment opportunity. The property, located at 301 N Glenburnie Rd, encompasses 13,259 square feet of climate-controlled storage units across two single-story buildings on a 7.45-acre lot (APN: 8-031 -018, 8-031 -023 and 0-031-019). Built in 1976 and renovated in 1996, the facility boasts 123 units with a current occupancy rate of 97.56% (as of June 30, 2024), generating a NOI of $104,812 and a 5.25% cap rate. A pro-forma NOI of $127,944 and a pro-forma cap rate of 6.41% project significant upside potential. The property includes an on-site rental office offering retail supplies and U-Haul rentals, plus added boat and RV parking (46.4% occupancy). A key advantage is the inclusion of an adjacent 4.9-acre parcel (buyer to verify), providing significant expansion potential. The facility features amenities such as fob and gate-controlled access, perimeter fencing, ample lighting, security cameras, and convenient loading dock and garage door access points. The property is zoned I-1 Light Industrial and situated in a rapidly growing market within Craven County, zip code 28560. The owner maintains a high standard of upkeep, ensuring the facility's attractive appearance and operational efficiency.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $545,000

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


Location Insight

  • Map
  • Local Demand
City
New Bern
County
Craven
State
North Carolina
Longitude
-77.0701
Latitude
35.1382
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
$6,896
$98,400
$727,700
$826,100
-
$98,400
$727,700
$826,100
More about this property
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