Property profile

3703 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Drive through restaurants
Property ID
US53-2026772
1,779 SF 0.57 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1997
Construction CONCRETE BLOCKS
Total area 1,779 SF
Lot 0.57 ac (24,829 SF)
Zoning code CX-3
APN 1724.11-55-4688 0227771
UPID US53-2026772

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
  • Restaurant

Location

3703 New Bern Ave Raleigh, NC 27610-1336
Raleigh metro Census 52707 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2020
Last sale
$400,000
1 recorded transaction
2020
$400,000

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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