455 Pirates Rd New Bern, NC 28562
Property profile & analytics
455 Pirates Rd New Bern, NC 28562
- Retail space
- 9,016 SF
- 1.15 lot acres
Property ID
US53-3765786
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.
Location Intelligence
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 455 Pirates Rd
- Year built
- 2007
- Lot size
- 1.15 lot acres
- Property size
- 9,016 SF
- Property type
- Retail space
- APN
- 8-206 -8003
- APU
- 82068003
Description
This exceptional investment opportunity presents a 9,014-square-foot Dollar General convenience store located at 455 Pirates Rd, New Bern, NC 28562. The property boasts a strong 7.73% cap rate and a substantial net operating income (NOI) of $73,416. The single-tenant building, constructed in 2007, sits on a 1.15-acre lot and is zoned C. The lease is a Net Lease (NN) structure, minimizing landlord responsibilities, and features a corporate guarantee from Dollar General, Inc., providing significant security. The current lease, commencing August 1, 2007, has a remaining term of approximately 2.7 years, with four (5-year) lease options, each including a 10% rent increase. The property benefits from its strategic location near US Highway 17 S, a high-traffic area with over 18,750 vehicles per day. The surrounding area demonstrates strong demographics, with an average household income exceeding $78,000 within a 3-mile radius. This presents a compelling investment opportunity for those seeking a stable, high-yielding asset with a nationally recognized, financially sound tenant. The property's 100% occupancy and proven profitability make it an attractive option for 1031 exchange buyers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,820,000
- ML approach
- $1,935,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,370,000
- AI Estimate
- $1,316,000
Market price range: $361k - $3.19MMarket price range: $552k - $1.89M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,190,000 Current use
- RESTAURANT
- $2,980,000 Change: +36% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,880,000 Change: -14% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.1477
- Latitude
- 35.0845
- 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
2023
$7,363
$172,500
$864,900
$1,037,400
-
$172,500
$864,900
$1,037,400
