Property profile

3201 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Turn key restaurants
Property ID
US53-0396707
9,828 SF 6.41 ac lot Built 1962
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Construction CONCRETE BLOCKS
Total area 9,828 SF
Lot 6.41 ac (279,220 SF)
Zoning code CX-3
APN 1724.13-22-1986 0058013
UPID US53-0396707

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor

Location

3201 New Bern Ave Raleigh, NC 27610-1218
Raleigh metro Census 51900 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.58M

Owner & transaction history

since 2022
Last sale
$1.4M
7 recorded transactions
2022
$1.4M
2018
$690,000
2018
$856,768
2015
$625,000
2008
$725,000
2004
Price N/A
2002
$725,000

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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