Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    5280 New Bern Ave, Raleigh, NC 27610

    82,764 SF 1.9 ac lot
    Individually Owned 4-yr Hold
    Property ID
    US53-2083818
    Property summary
    AI-generated overview

    This exceptional 1.9-acre commercial land parcel, located at 5280 New Bern Avenue in Raleigh, North Carolina, presents a unique investment opportunity. Currently vacant, this property offers 82,764 square feet of development potential, zoned Planned Development (PD). The asking price is $365,000, translating to $4.41 per square foot. Situated on a high-traffic area of New Bern Avenue (Highway 64), this outparcel benefits from approximately 28,000 vehicles passing daily and multiple access points, including a signalized intersection. The property's strategic location between Interstates 440 and 540 provides excellent accessibility, with both interstates less than 2.5 miles away. Furthermore, its proximity to Wake Med Raleigh Hospital (under three miles) adds to its desirability. The site is part of Edgewater Place, a thriving commercial area anchored by numerous national and local businesses. This last remaining outparcel in the development presents a rare chance to capitalize on a high-demand location in a rapidly growing area of Raleigh, Wake County, NC (zip code 27610). The property's APN is 1734333594.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 82,764 SF
    Lot 1.9 ac (82,764 SF)
    APN 1734333594
    UPID US53-2083818
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Latino Community Credit Union · 4 yrs held
    Latino Community Credit Union
    since 2021
    2 recorded transactions
    2021
    $630,000
    2020
    $250,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 5280 New Bern Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message