Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3407 Oaks Rd New Bern, NC 28560-2718
    Back to Search
    Property profile & analytics

    3407 Oaks Rd, New Bern, NC 28560-2718

    View on Map
    • Hospitals
    • 29,829 SF
    • 5.24 lot acres
    Off-Market
    Last Sale Feb 13, 2024
    $125,000
    Property ID
    US53-3709276
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Water Oak Manor / Retirement Community / Nursing Home

    Property Details for 3407 Oaks Rd

    Year built
    1976
    Lot size
    5.24 lot acres
    Property type
    Hospitals
    APN
    8-240 -069
    APU
    8240069

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2024 $125,000 Xin Rui Xia Barnes Investments LLC Special Warranty Deed —
    May 19, 2023 $125,000 Barnes Investments LLC Pierce Properties 1 LLC Warranty Deed —
    May 31, 2018 — Pierce Properties 1 LLC Water Oak Manor INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.0723
    Latitude
    35.1342
    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
    $6,501
    $131,000
    $0.00
    $131,000
    -
    $131,000
    $0.00
    $131,000

    Comparable in this City

    • Value Estimation by Request
      7,588 SF

      1607 Dillahunt St

      HOSPITAL - PRIVATE
      1607 Dillahunt St, New Bern, NC 28560
      View Details
    • Value Estimation
      $2,125,000
      14,333 SF

      2600 Old Cherry Pt Rd

      HOSPITAL - PRIVATE
      2600 Old Cherry Pt Rd, New Bern, NC 28560-6778
      View Details
    • Value Estimation
      $4,790,000
      37,064 SF

      1303 Health Dr

      HOSPITAL - PRIVATE
      1303 Health Dr, New Bern, NC 28560-4371
      View Details
    • Value Estimation
      $5,505,000
      29,677 SF

      3003 Kensington Park Dr

      HOSPITAL - PRIVATE
      3003 Kensington Park Dr, New Bern, NC 28560-4401
      View Details
    • Value Estimation
      $4,065,000
      33,088 SF

      836 Ray Leggett Way

      HOSPITAL - PRIVATE
      836 Ray Leggett Way, New Bern, NC 28560-3445
      View Details
    • Value Estimation
      $1,865,000
      16,346 SF

      603 Ww St

      HOSPITAL - PRIVATE
      603 Ww St, New Bern, NC 28560-4849
      View Details

    Similar Nearby for Sale

    • $150,000
      2.05 Acres

      Two-Acre Wooded Lot

      2-acre wooded lot in Neuse River Estates, New Bern.
      203 N Ridge Rd, New Bern, NC 28560
      View Details
    • $95,000
      0.64 Acres

      Neuse Harbour Homesite Opportunity

      Homesite near the riverfront in a sought-after neighborhood.
      508 Neuse Harbour Blvd, New Bern, NC 28560
      View Details
    • $350,000
      Pending

      Turnkey Medical Office Opportunity

      Move-in ready medical office in high-visibility New Bern location.
      3680 Neuse Blvd, New Bern, NC 28560
      View Details
    • $395,000
      42.23 Acres

      Tranquil Lake Campground Opportunity

      Camp/glamp ground on 42 acres with lake and potential.
      485 Saints Delight Church Rd, New Bern, NC 28560
      View Details
    • $58,000
      0.32 Acres

      Residential Land with Water Views

      Residential homesite with water views and day dock access.
      53 Bayside Dr, New Bern, NC 28560
      View Details
    • $45,000
      0.32 Acres

      Residential Lot in Gated Community

      Buildable lot with amenities in Fairfield Harbour, New Bern.
      917 Sea Holly Ct, New Bern, NC 28560
      View Details

    Similar Nearby for Lease

    • $675 /Mo
      600 SF

      Downtown New Bern Commercial Space

      Commercial space in historic downtown New Bern, 600 square feet.
      821 Queen St, New Bern, NC 28560
      View Details
    • $5,200 /Mo
      2,400 SF

      Office/Warehouse Space with Secured Yard

      Flexible commercial property near US-17, suitable for various businesses.
      163 W Pine St, New Bern, NC 28560
      View Details
    • $800 /Mo
      690 SF

      Adaptable Office Space Available

      Commercial office space in New Bern, NC, for rent.
      1702 S 70, New Bern, NC 28560
      View Details
    • Contact for pricing

      Former School and Church Space

      16,000 sqft former school and church in historic district.
      1217 N Pasteur St, New Bern, NC 28560
      View Details
    • $2,300 /Mo
      1,634 SF

      Commercial Office Space Available

      Two-story commercial office space in excellent condition, ready for occupancy.
      220 S Front St, New Bern, NC 28560
      View Details
    • $1,075 /Mo
      751 SF

      Versatile Commercial Space in New Bern

      751 sqft commercial unit with offices and potential kitchen.
      102 Market St, New Bern, NC 28560
      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.
    3407 Oaks Rd
    New Bern, NC 28560-2718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3407 Oaks Rd, New Bern, NC, 28560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!