Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3051 New Bern Ave Raleigh, NC 27610-1214

    • Drug stores
    • 9,735 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    $6,305,000
    Last Sale
    Dec 28, 2021
    $5,279,500
    Location Intelligence
    Property ID
    US53-2131982
    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

    • Rachael L. Slogan, PharmD / Pharmacy
    • James E. Davey, RPh / Pharmacy
    • Brad A. Johnson, RPh / Pharmacy / Professional Services
    • Coinhub Bitcoin ATM Teller / Atm
    • CVS / Beauty Supply Store / Beer Store

    Property Details for 3051 New Bern Ave

    Year built
    2000
    Construction
    BRICK
    Lot size
    1.98 lot acres
    Property size
    9,735 SF
    Zone code
    CX-4
    Property type
    Drug stores
    APN
    1724.17-11-9832 0268353
    APU
    1724171198320268353

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,525,000
      6.5%
      $4,825,000
      7%
      $5,610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,395,000
      Geo Method
      $5,805,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,080,000
      Retail
      $6,160,000
      Mixed-Use
      $5,680,000
      Hospitality
      $5,695,000
      Educational
      $4,765,000
      Residential Income
      $5,205,000
      Energy
      $6,090,000
      Income-Based Land
      $4,890,000
      Food Service
      $6,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5888
    Latitude
    35.7876
    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
    $40,803
    $908,869
    $2,834,557
    $3,743,426
    -
    $908,869
    $2,834,557
    $3,743,426

    Comparable in this City

    • Value Estimation by Request
      13,242 SF

      6216 Battle Brg Rd

      DRUG STORE, PHARMACY • 13,242 SF
      6216 Battle Brg Rd, Raleigh, NC 27610-6202
      View Details
    • Value Estimation
      $2,375,000
      13,242 SF

      4309 New Bern Ave

      DRUG STORE, PHARMACY • 13,242 SF
      4309 New Bern Ave, Raleigh, NC 27610-1445
      View Details
    • Value Estimation
      $6,275,000
      14,469 SF

      4408 New Bern Ave

      DRUG STORE, PHARMACY • 14,469 SF
      4408 New Bern Ave, Raleigh, NC 27610-1444
      View Details
    • Value Estimation by Request
      13,743 SF

      100 Shanta Dr

      DRUG STORE, PHARMACY • 13,743 SF
      100 Shanta Dr, Raleigh, NC 27610
      View Details
    • Value Estimation by Request
      1,458 SF

      1201 Sunnybrook Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,458 SF
      1201 Sunnybrook Rd, Raleigh, NC 27610-4367
      View Details
    • Value Estimation by Request
      18,340 SF

      5416 Rock Quarry Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,340 SF
      5416 Rock Quarry Rd, Raleigh, NC 27610-5306
      View Details

    Similar Nearby for Sale

    • $485,000
      1.06 Acres

      Raleigh Land with Development Potential

      1.06-acre lot in prime location with development potential.
      620 Sunnybrook Rd, Raleigh, NC 27610
      View Details
    • $495,000
      1.08 Acres

      Raleigh Vacant Lot Development Opportunity

      Expansive 1.08-acre vacant lot with development potential in Raleigh, NC.
      644 Sunnybrook Rd, Raleigh, NC 27610
      View Details
    • $240,000

      Residential Lot in Downtown Raleigh

      Residential lot in booming downtown Raleigh near Little Rock Greenway.
      1401 Carnage Dr, Raleigh, NC 27610
      View Details
    • $370,000
      1.24 Acres

      Raleigh Mixed-Use Land Investment

      1.24 Acres, Prime Location, High Potential
      1201 Plainview Dr, Raleigh, NC 27610
      View Details
    • $4,000,000
      15,814 SF

      Raleigh Office Building - 3 Acres

      Prime Medical/Office Space near WakeMed
      3401 Carl Sandburg Ct, Raleigh, NC 27610
      View Details
    • $425,000
      3.77 Acres

      Raleigh Residential Land - 3.77 Acres

      Prime Raleigh land, R-10 zoning, near downtown.
      609 Cross Link Rd, Raleigh, NC 27610
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit.
      Raleigh, NC 27610
      View Details
    • $14 SF/Yr
      79,232 SF

      Raleigh Boulevard Plaza Retail Space

      Prime Raleigh retail space available now
      1100 Raleigh Blvd, Raleigh, NC 27610
      View Details
    • $2,025 /Mo
      25,500 SF

      Spacious Facility with Flexible Layout

      25,000 sq ft facility suitable for diverse uses.
      4400 Old Poole Rd, Raleigh, NC 27610
      View Details
    • $17 SF/Yr
      5,000 SF

      Flex Building Near New Bern Avenue

      Multi-tenant flex building with warehouse and office space for sublease.
      1205 Corporation Pkwy, Raleigh, NC 27610
      View Details
    • $12 SF/Yr
      43,000 SF

      Garner Road Medical Office Space

      Prime Raleigh medical office, high visibility.
      1500 Garner Rd, Raleigh, NC 27610
      View Details
    • $11 SF/Yr
      80,684 SF

      900 Freedom Dr

      Flex space • 80,684 SF
      900 Freedom Dr, Raleigh, NC 27610
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3051 New Bern Ave
    Raleigh, NC 27610-1214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.