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Property profile & analytics
OFF-MARKET
Estimated value
$8,455,000
Medical Office Space
738 Newman Rd New Bern, NC 28562-5238
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2686248
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
23,459 SF
Lot
1.91 ac (83,287 SF)
APN
8-212-1 -4010
UPID
US53-2686248
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
-
Carolina Physical Therapy Physician
-
Dawn Lutter, PT Physician
-
Jennifer Prutch, OTR Physician
-
Deena Stern, LPT Physician
-
Mary Beth Daas, LPT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.46M
Owner & transaction history
Bsa 2020 LLC · 5 yrs held
Bsa 2020 LLC
since 2020
Last sale
$8.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.7M
+488.6%
Commercial (general)
$5.6M
+139.2%
Office building
$5.4M
+131.7%
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
$10,060,000
ML approach
$10,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,720,000
Change: +489% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,575,000
Change: +139% · Conversion: Easy
OFFICE BUILDING
$5,400,000
Change: +132% · Conversion: Easy
Blend value · Realmo final
$8.46M
Range $7.61M – $9.30M · ±10% · vs last sale $8.25M (Nov 17 2020)
Last sale anchor
$8.25M
Nov 17 2020
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
$360 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,319
Tax year 2023
Assessed value
$4,160,920
Assessed 2024
Previous assessed
$4,160,920
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$550,420
Assessed improvement
$3,610,500
Land market value
$550,420
Improvement market value
$3,610,500
Total market value
$4,160,920
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
ZONE
Cooling
YES
Buildings
2
Stories
2
Total area
23,459 SF
Lot
1.91 ac (83,287 SF)
APN
8-212-1 -4010
UPID
US53-2686248
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2002
Heating
ZONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Bsa 2020 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4622 PENNSYLVANIA AVE STE #700, KANSAS CITY, MO 64112-1412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Bsa 2020 LLC
Coss Properties LLC
Warranty Deed
—
Nov 18, 2016
—
Coss Properties LLC
—
Deed
related
$320,950 · First Citizens Bank And Trust Co INC
Aug 31, 2007
$3,500,000
Coss Properties LLC
Armistead Properties LLC
Warranty Deed
$3,500,000 · First Citizens Bank & Trust Co
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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