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Property profile & analytics
OFF-MARKET
Auto shops
3923 Old Cherry Pt Rd New Bern, NC 28560-7035
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-3770230
Property summary
AI-generated overview
This exceptional investment opportunity presents a well-established auto repair shop and gas station in New Bern, NC. Located on a 1.4-acre lot at 3923 Old Cherry Point Rd, this property boasts 4,128 square feet across two buildings, built in 1986 and renovated in 1993. The property enjoys a prime corner location with frontage on two busy roads, offering excellent visibility and accessibility. With 40 parking spaces and 100% occupancy, this turnkey operation includes all equipment. The business, operating successfully since 1986, benefits from a strong reputation and significant growth potential. An additional building is currently rented, providing extra income and expansion possibilities. The asking price is $780,000, with a 6.00% cap rate. The property is zoned NO ZONING and features APN 7-032-045. This is a rare chance to acquire a thriving business and valuable real estate in a high-growth area. Don't miss this opportunity to own a piece of New Bern's commercial landscape.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Total area
1,056 SF
Lot
1.4 ac (60,984 SF)
APN
7-032 -045
UPID
US53-3770230
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
Current use
Occupant on record · Public records
-
Thurman Auto Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Fordham · 4 yrs held
John Fordham
since 2022
Last sale
$460,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Bern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Bern 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,069
Tax year 2024
Assessed value
$445,200
Assessed 2024
Previous assessed
$445,200
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$175,000
Assessed improvement
$270,200
Land market value
$175,000
Improvement market value
$270,200
Total market value
$445,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Heating
SPACE
Buildings
2
Stories
1
Total area
1,056 SF
Lot
1.4 ac (60,984 SF)
APN
7-032 -045
UPID
US53-3770230
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
Building & site characteristics
From public records
Year built
1986
Heating
SPACE
Stories
1
Buildings
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
John Fordham
Individual
Mailing address
3923 OLD CHERRY PT RD, NEW BERN, NC 28560-7035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Mar 28, 2022
$460,000
John Fordham
Robert J Dickerson
Warranty Deed
$300,000 · Robert Dickerson
Jan 11, 2007
$360,000
Robert J Dickerson
Coy G Fulcher
Warranty Deed
$237,500 · Thurman Road Service Center Of Crav
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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