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Property profile & analytics
OFF-MARKET Estimated value $1,970,000
Retail space

4531 New Bern Ave Raleigh, NC 27610-1555

11,200 SF 0.97 ac lot Built 2004
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US53-2016593
Property summary
AI-generated overview

New Bern Plaza offers an exceptional retail leasing opportunity. This prominent endcap space totals 4,000 square feet and is situated within a thriving retail center. The property's strategic location benefits from its proximity to a Super Walmart, ensuring high visibility and significant foot traffic. The space is ideal for a variety of retail businesses seeking a strong presence in a busy commercial area. The property is classified as both retail and office space, offering flexibility for potential tenants. The multiple tenancy structure of the center provides a diverse and vibrant shopping environment, attracting a wide range of customers. Located in Wake County, this property presents a compelling investment opportunity for businesses looking to establish or expand their operations in a high-traffic, well-established retail hub. The available space is an endcap unit, offering excellent visibility and accessibility for customers. This presents a unique chance to capitalize on the established customer base drawn to the center's anchor tenant and the overall vibrancy of the location. Serious inquiries are encouraged to explore this exceptional retail space and its potential for growth and success. The property's commercial classification allows for a broad range of business types to consider this space. Further details regarding lease terms and conditions are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction BRICK
Total area 11,200 SF
Lot 0.97 ac (42,253 SF)
Zoning code CX-3
APN 1734.09-05-8962 0310552
UPID US53-2016593
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
  • Wingstop Restaurant
  • ToteBoys Bin Store Discount Store
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • CoinFlip Bitcoin ATM Commercial Agent Currency Exchange Service
  • Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$1.97M
Owner & transaction history
New Bern Station LLC · 1 yrs held
New Bern Station LLC
since 2025
2 recorded transactions
2025
$16.8M
2016
Price N/A
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

Zone name Commercial Mixed Use
General category MIXED_USE
Zone area 722.48 ac
Source Realmo
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