Property profile

3955 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Drive through restaurants
Property ID
US53-5770703
3,540 SF 0.83 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1987
Construction BRICK
Total area 3,540 SF
Lot 0.83 ac (36,155 SF)
Zoning code CX-3
APN 1724.12-76-6222 0164960
UPID US53-5770703

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

3955 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
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$535k

Owner & transaction history

since 2019
7 recorded transactions
2021
Price N/A
2019
Price N/A
2017
$1.9M
2007
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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