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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Showrooms
5000 Us 70th E Hwy New Bern, NC 28560-9404
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-3578471
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
20,652 SF
Lot
12.93 ac (563,231 SF)
APN
7-048 -015
UPID
US53-3578471
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
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$5.29M
Owner & transaction history
Riverside Automotive LLC · 4 yrs held
Riverside Automotive LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.2M
+53.4%
Restaurant
$6.8M
+46.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,485,000
6.5%
$3,215,000
7%
$2,985,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,665,000
Current use
WAREHOUSE, STORAGE
$7,160,000
Change: +53% · Conversion: Difficult
RESTAURANT
$6,830,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,305,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$4,250,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,845,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±10%
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
$256 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,184
Tax year 2024
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$9,477,700
-15.6% YoY
Effective rate
0.46%
On assessed value
Assessed land
$1,137,840
Assessed improvement
$6,862,160
Land market value
$1,137,840
Improvement market value
$6,862,160
Total market value
$8,000,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
20,652 SF
Lot
12.93 ac (563,231 SF)
APN
7-048 -015
UPID
US53-3578471
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
$4.7M
WAREHOUSE, STORAGE
Est. value
$7.2M
RESTAURANT
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2021
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
12.93 ac
Current owner
From public records · entity-resolved
Riverside Automotive LLC
Entity
Mailing address
PO BOX 3501, NEW BERN, NC 28564-3501
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
Riverside Automotive LLC
Dgt Ventures LLC
Lease
$12,500,000 · Ally Bank
Apr 25, 2019
—
Dgt Ventures LLC
Commercial Props Assoc
Warranty Deed
—
Dec 11, 2006
—
James D Crawford
Jeffrey S Glazer
Deed
—
Sep 26, 2006
$1,100,000
Jeffrey S Glazer
Alton E Harris
Warranty Deed
—
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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