Property profile

3601 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Turn key restaurants
Property ID
US53-1483739
5,036 SF 0.01 ac lot Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Construction BRICK
Total area 5,036 SF
Lot 0.01 ac (436 SF)
Zoning code CX-3
APN 1724.10-45-5199 0130332
UPID US53-1483739

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
  • Bar & Pub
  • Restaurant
  • Bar & Pub Restaurant

Location

3601 New Bern Ave Raleigh, NC 27610-1232
Raleigh metro Census 52706 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.56M

Owner & transaction history

since 2022
Last sale
$2.3M
3 recorded transactions
2025
Price N/A
2022
$2.3M
2021
$5.8M

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
Top alternative use upside
Neighborhood: shopping center $2.8M +1.3%

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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