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    Property profile & analytics

    4309 New Bern Ave Raleigh, NC 27610-1445

    • Drug stores
    • 13,242 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimation
    $2,375,000
    Last Sale
    Dec 29, 2021
    $1,996,000
    Location Intelligence
    Property ID
    US53-1902173
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CVS Photo / Photo Lab / Photo Shop
    • Kodak / Passport Photo Processor / Portrait Studio
    • CVS Pharmacy / Pharmacy
    • Kristopher D. McLamb, PharmD / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 4309 New Bern Ave

    Year built
    2010
    Construction
    CONCRETE BLOCKS
    Lot size
    1.82 lot acres
    Property size
    13,242 SF
    Zone code
    IX-3
    Property type
    Drug stores
    APN
    1724.12-96-5110 0361185
    APU
    1724129651100361185

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,930,000
      6.5%
      $2,090,000
      7%
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,335,000
      Geo Method
      $2,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,810,000
      Retail
      $1,680,000
      Mixed-Use
      $1,985,000
      Hospitality
      $1,895,000
      Educational
      $1,730,000
      Residential Income
      $2,145,000
      Energy
      $1,780,000
      Income-Based Land
      $2,060,000
      Food Service
      $2,165,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5633
    Latitude
    35.7993
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,981
    $823,250
    $4,037,350
    $4,860,600
    -
    $823,250
    $4,037,350
    $4,860,600

    Comparable in this City

    • Value Estimation by Request
      13,242 SF

      6216 Battle Brg Rd

      DRUG STORE, PHARMACY • 13,242 SF
      6216 Battle Brg Rd, Raleigh, NC 27610-6202
      View Details
    • Value Estimation
      $6,275,000
      14,469 SF

      4408 New Bern Ave

      DRUG STORE, PHARMACY • 14,469 SF
      4408 New Bern Ave, Raleigh, NC 27610-1444
      View Details
    • Value Estimation by Request
      13,743 SF

      100 Shanta Dr

      DRUG STORE, PHARMACY • 13,743 SF
      100 Shanta Dr, Raleigh, NC 27610
      View Details
    • Value Estimation
      $6,305,000
      9,735 SF

      3051 New Bern Ave

      DRUG STORE, PHARMACY • 9,735 SF
      3051 New Bern Ave, Raleigh, NC 27610-1214
      View Details
    • Value Estimation by Request
      2,488 SF

      3001 Calumet Dr

      FINANCIAL BUILDING • 2,488 SF
      3001 Calumet Dr, Raleigh, NC 27610-1901
      View Details
    • Value Estimation by Request
      3,200 SF

      4000 New Bern Ave

      GROCERY, SUPERMARKET • 3,200 SF
      4000 New Bern Ave, Raleigh, NC 27610-1331
      View Details

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    4309 New Bern Ave
    Raleigh, NC 27610-1445
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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