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    44 Shoreline Dr New Bern, NC 28562
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    44 Shoreline Dr New Bern, NC 28562

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    • Medical Office Space
    • 3,230 SF
    • 0.29 lot acres
    For Sale
    $449,000
    View Listing →
    River Bend Office For Sale For Sale
    $449,000

    River Bend Office For Sale

    Unique office building in River Bend, NC, with recent renovations.

    44 Shoreline Drive, New Bern, NC 28562
    View Listing
    Property ID
    US53-3616671
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 44 Shoreline Dr

    Year built
    1981
    Lot size
    0.29 lot acres
    Property size
    3,230 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    8-201 -026
    APU
    8201026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1473
    Latitude
    35.0734
    CBSA code
    35100
    CBSA name
    NEW BERN, NC MICROPOLITAN 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
    2024
    $1,315
    $68,150
    $117,100
    $185,250
    -
    $68,150
    $117,100
    $185,250

    Comparable in this City

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    • Value Estimation
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      604 Mccarthy Blvd

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      604 Mccarthy Blvd, New Bern, NC 28562-5231
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    • Value Estimation
      $1,050,000
      6,236 SF

      611 Mccarthy Blvd

      MEDICAL BUILDING • 6,236 SF
      611 Mccarthy Blvd, New Bern, NC 28562-5232
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    • Value Estimation
      $1,375,000
      5,199 SF

      609 Mccarthy Blvd

      MEDICAL BUILDING • 5,199 SF
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    • Value Estimation by Request
      3,788 SF

      612th Mccarthy Blvd

      MEDICAL BUILDING • 3,788 SF
      612th Mccarthy Blvd, New Bern, NC 28562-5231
      View Details
    • Value Estimation
      $715,000
      8,231 SF

      720 Newman Rd

      MEDICAL BUILDING • 8,231 SF
      720 Newman Rd, New Bern, NC 28562-5238
      View Details

    Similar Nearby for Sale

    • $1,676,000
      4,950 SF

      Medical Office Building For Sale

      Single-tenant outpatient medical office building in New Bern, NC.
      2001 S Glenburnie Rd, New Bern, NC 28562
      View Details
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      Office/Medical Space For Sale

      2500 sqft office/medical space with build to suit options.
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    • $449,000

      River Bend Office For Sale

      Unique office building in River Bend, NC, with recent renovations.
      44 Shoreline Dr, New Bern, NC 28562
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    • Contact for pricing

      New Bern Office/Medical Space

      Office or medical space for lease in New Bern.
      4000 Dr. Mlk Jr. Blvd, New Bern, NC 28562
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    • $495,000
      Pending

      Functional Office Building in New Bern

      Contemporary office building with offices on the second floor.
      2407 Grace Ave, New Bern, NC 28562
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    • Contact for pricing
      1,000 SF

      New Bern Office Suite Available

      Convenient office suite with recent renovations in New Bern, NC.
      1319 S Glenburnie Rd, New Bern, NC 28562
      View Details

    Similar Nearby for Lease

    • $3,260 /Mo
      2,400 SF

      New Bern Commercial Space Available

      Commercial space ideal for medical or professional office use.
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      New Bern Commercial Building For Lease

      2400 SF commercial building in Town Park Plaza Shopping Center.
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      New Bern Flex Space Available

      Office, warehouse, medical, and flex space for lease.
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    • $18 SF/Yr

      Medical Office Space For Rent

      Medical office space with exam rooms and private offices.
      1403 Mccarthy Blvd, New Bern, NC 28562
      View Details
    • Contact for pricing

      New Bern Flex Space Available

      Flex space for lease in New Bern's medical district.
      3200 Wellons Blvd, New Bern, NC 28562
      View Details
    • $700 /Mo
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      New Bern Commercial Flex Space

      Commercial flex space available for rent in New Bern, NC.
      1263 Colony Dr, New Bern, NC 28562
      View Details
    View Listing
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    New Bern, NC 28562
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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