Property profile

615 New Bern Ave Raleigh, NC 27601

OFF-MARKET
Investment properties
Property ID
US53-2000785
2,129 SF 0.11 ac lot Built 1983
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1983
Construction FRAME
Total area 2,129 SF
Lot 0.11 ac (4,792 SF)
Zoning code OX-3
APN 1713.05-09-3103 0071473
UPID US53-2000785

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

615 New Bern Ave Raleigh, NC 27601-1527
Raleigh metro Census 50600 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2024
Last sale
$200,000
5 recorded transactions
2025
Price N/A
2024
$365,000
2022
Price N/A
2017
Price N/A
2015
$200,000

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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