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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
4605 Us 70th E Hwy New Bern, NC 28562-7036
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3689062
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Total area
3,042 SF
Lot
1.94 ac (84,506 SF)
APN
7-044 -002
UPID
US53-3689062
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
$540k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Oak City Motors LLC · 2 yrs held
Oak City Motors LLC
since 2024
Last sale
$540,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+31.9%
Neighborhood: shopping center
$635,000
+13.1%
Auto repair, garage
$565,000
+1.0%
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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$560,000
Current use
RETAIL STORES
$740,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Jan 5 2024)
Last sale anchor
$540k
Jan 5 2024
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
$178 / 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
$2,251
Tax year 2023
Assessed value
$484,200
Assessed 2024
Previous assessed
$484,200
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$194,000
Assessed improvement
$290,200
Land market value
$194,000
Improvement market value
$290,200
Total market value
$484,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Stories
1
Total area
3,042 SF
Lot
1.94 ac (84,506 SF)
APN
7-044 -002
UPID
US53-3689062
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
COMMERCIAL (GENERAL) Current
Est. value
$560,000
RETAIL STORES
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$565,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2005
Heating
HEAT PUMP
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Oak City Motors LLC
Entity
Mailing address
4605 US 70TH HWY E, NEW BERN, NC 28562-7036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$540,000
Oak City Motors LLC
Blythe Land Company LLC
Warranty Deed
$390,000 · Blythe Land Company LLC
Mar 8, 2022
—
Blythe Land Company LLC
Charles Terry Blythe
Warranty Deed
—
Sep 4, 2018
—
Charles T Blythe
Charles B Blythe
Gift Deed
related
—
Nov 21, 2011
$130,000
Charles B Blythe
Zions First National Bank
Special Warranty Deed
—
Aug 30, 2011
$119,710
Zions First National Bank
Randall K Straight
Commissioners Deed
related
—
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.
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