Technical
Financial
Distress signals
Property profile

3923 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Retail space
Property ID
US53-0552858
1,558 SF Built 1987
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction CONCRETE BLOCKS
Total area 1,558 SF
Zoning code CX-3
APN 1724.11-76-2432 0229490
UPID US53-0552858

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

3923 New Bern Ave Raleigh, NC 27610-1332
Raleigh metro Census 52707 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2018
3 recorded transactions
2018
$440,000
2010
$60,000
2009
$126,000

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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