301 Glenburnie Rd New Bern, NC 28560-2706
Property profile & analytics
301 Glenburnie Rd New Bern, NC 28560-2706
- Warehouses
- 13,107 SF
- 1.64 lot acres
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.
Location Intelligence
Current Use by Public Records
- CDSG Medical & Wellness / Medical Supply Store
- U-Haul Neighborhood Dealer / Car Rental Facility
- Metts Climate Controlled Storage / 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
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,005,000
- 6.5%
- $1,855,000
- 7%
- $1,720,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,286,000
Market price range: $927k - $2.86M
Get a detailed, property-specific estimation — 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
