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    Property profile & analytics

    5624 Hwy 70 Newport, NC 28570

    • Commercial kitchens
    • 756 SF
    • 34.59 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-3352434
    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.

    Current Use by Public Records

    • Commercial kitchens

    Property Details for 5624 Hwy 70

    Year built
    2007
    Construction
    WOOD
    Lot size
    34.59 lot acres
    Property size
    756 SF
    Property type
    Commercial kitchens
    APN
    6347.04.81.8626000
    APU
    634704818626000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.8396
    Latitude
    34.7522
    CBSA code
    33980
    CBSA name
    MOREHEAD CITY, 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
    2022
    $1,241
    $564,703
    $217,470
    $782,173
    -
    $564,703
    $217,470
    $782,173

    Comparable in this City

    • Value Estimation by Request
      864 SF

      3901 Hwy 101

      BAR, TAVERN • 864 SF
      3901 Hwy 101, Newport, NC 28570-0256
      View Details
    • Value Estimation
      $255,000
      6,869 SF

      6734 Us Hwy 70th E

      RESTAURANT • 6,869 SF
      6734 Us Hwy 70th E, Newport, NC 28570-3724
      View Details
    • Value Estimation
      $400,000
      5,950 SF

      Newport, NC 28570

      RESTAURANT • 5,950 SF
      Newport, NC 28570
      View Details
    • Value Estimation
      $255,000
      4,037 SF

      133 Chatham St

      RESTAURANT • 4,037 SF
      133 Chatham St, Newport, NC 28570-7905
      View Details
    • Value Estimation
      $205,000
      4,320 SF

      264 Chatham St

      RESTAURANT • 4,320 SF
      264 Chatham St, Newport, NC 28570-8515
      View Details
    • Value Estimation
      $440,000
      5,292 SF

      120 Roberts Rd

      BAR, TAVERN • 5,292 SF
      120 Roberts Rd, Newport, NC 28570-4131
      View Details

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    5624 Hwy 70
    Newport, NC 28570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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