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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Outlet malls
3901 M L King Jr Blvd Trent Woods, NC 28562-2201
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-3740038
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Total area
16,541 SF
Lot
2 ac (87,120 SF)
APN
8-207 -089
UPID
US53-3740038
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.04M
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$4.01M
Owner & transaction history
3901 New Bern Nc LLC · 5 yrs held
3901 New Bern Nc LLC
since 2020
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.7M
+42.6%
Restaurant
$5.5M
+36.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Trent Woods submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trent Woods submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,975,000
ML approach
$4,035,000
CAP Approach
CAP Return
Estimation
6%
$5,445,000
6.5%
$5,030,000
7%
$4,670,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,020,000
Current use
WAREHOUSE, STORAGE
$5,735,000
Change: +43% · Conversion: Difficult
RESTAURANT
$5,470,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,450,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $3.26M (Aug 28 2020)
Last sale anchor
$3.26M
Aug 28 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$242 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,277
Tax year 2023
Assessed value
$1,973,400
Assessed 2024
Previous assessed
$1,973,400
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$550,000
Assessed improvement
$1,423,400
Land market value
$550,000
Improvement market value
$1,423,400
Total market value
$1,973,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
16,541 SF
Lot
2 ac (87,120 SF)
APN
8-207 -089
UPID
US53-3740038
Jurisdiction
CRAVEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$5.7M
RESTAURANT
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RETAIL STORES Current
WAREHOUSE, STORAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
3901 New Bern Nc LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 331645, MIAMI, FL 33233-1645
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
$3,262,500
3901 New Bern Nc LLC
Henbell New Bern Hft LLC
Special Warranty Deed
—
Oct 8, 2019
—
Henbell New Bern Hft LLC
J W Raines Properties LLC
Warranty Deed
$2,005,541 · South State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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