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Property profile & analytics
FOR LEASE
Community centers
4110 M L King Jr Blvd New Bern, NC 28562-2281
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-3727467
For Lease
1 / 10
$4,230/Mo
4110 M L King Jr Blvd, New Bern, NC 28562-2281
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
4,500 SF
Lot
1.63 ac (71,003 SF)
APN
8-211 -5000
UPID
US53-3727467
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
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$955k
Owner & transaction history
Tyson & Hines Investments LLC · 9 yrs held
Tyson & Hines Investments LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.6M
+66.3%
Retail stores
$1.1M
+16.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Current use
WAREHOUSE, STORAGE
$1,560,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
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
$212 / 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
$8,729
Tax year 2023
Assessed value
$1,058,300
Assessed 2024
Previous assessed
$1,058,300
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$195,600
Assessed improvement
$862,700
Land market value
$195,600
Improvement market value
$862,700
Total market value
$1,058,300
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1988
Heating
ZONE
Cooling
YES
Buildings
3
Stories
1
Total area
4,500 SF
Lot
1.63 ac (71,003 SF)
APN
8-211 -5000
UPID
US53-3727467
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1988
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.63 ac
Current owner
From public records · entity-resolved
Tyson & Hines Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 626, NEW BERN, NC 28563-0626
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2016
$53,000
Tyson & Hines Investments LLC
Jack M Cotten
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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