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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Grocery and convenience stores

5200 New Bern Ave Raleigh, NC 27610-1428

5,809 SF 1.07 ac lot Built 2005
Entity Owned 10-yr Hold Free & Clear
Property ID
US53-1571951
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2005
Construction BRICK
Total area 5,809 SF
Lot 1.07 ac (46,609 SF)
Zoning code PD
APN 1734.14-33-8963 0305553
UPID US53-1571951
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
  • Sheetz Car Wash
  • PNC ATM Atm
  • Sheetz Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.59M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.50M
Owner & transaction history
Franklin Village LLC · 10 yrs held
Franklin Village LLC
since 2016
1 recorded transaction
2016
$3.1M
Zoning & alternative use
PD · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The site immediately abuts a district boundary of a Planned Development (PD-) district where the abutting property is vacant or contains a detached house, tiny house, or attached house and any of the following apply: Has a residential reference district; or Does not permit general and mixed-use buildings; or Does not permit commercial and industrial uses. Zo…

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 5,040.47 ac
Top alternative use upside
Commercial (general) $1.9M +12.2%
Medical building $1.8M +9.1%
Auto repair, garage $1.7M +2.0%
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