815 New Bern Ave Raleigh, NC 27601-1601
Property Lookup
Property profile & analytics
815 New Bern Ave Raleigh, NC 27601-1601
- Office buildings
- 3,988 SF
- 0.14 lot acres
Property ID
US53-1701148
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.
Location Intelligence
Current Use by Public Records
- Page Law, P.A. / Law Firm
- Dream Clean of NC Cleaning Service / Hardware & Home Improvement
- Dorrestein Ronald / Law Firm
Property Details for 815 New Bern Ave
- Year built
- 1951
- Construction
- BRICK
- Lot size
- 0.14 lot acres
- Property size
- 3,988 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1713.05-09-8171 0044517
- APU
- 1713050981710044517
Description
This exceptional 1,527 square foot executive office suite is ideally located in downtown Raleigh, Wake County. The space is currently vacant and available for lease as a single-tenant occupancy. Recently renovated, the suite boasts modern finishes that beautifully complement the building's original character. A key feature is the convenient separate entrance to the second-floor space, offering privacy and accessibility. The asking rate is $22 per square foot, NNN. Ample parking is available for tenants and their guests, a significant advantage in a bustling urban setting. The property is classified as an office building, specifically an executive office suite, making it perfect for businesses seeking a prestigious and functional workspace. The building's size is precisely 1,527 square feet, providing a comfortable and efficient layout for a variety of professional uses. The entire space is available, presenting a unique opportunity for a business to establish a strong presence in a vibrant and desirable location. The modern renovations ensure a contemporary and appealing work environment, while the building's inherent character adds a touch of sophistication. This combination of modern amenities and classic charm makes this property a truly exceptional opportunity. The ample parking further enhances the convenience and appeal of this outstanding executive office suite.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $880,000
- ML approach
- $955,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $980,000
- 6.5%
- $905,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $564,000
Market price range: $565k - $1.03M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $780,000 Current use
- COMMERCIAL (GENERAL)
- $1,295,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $1,260,000 Change: +62% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,175,000 Change: +51% Conversion: Difficult
- WAREHOUSE, STORAGE
- $900,000 Change: +16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6262
- Latitude
- 35.7802
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN 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
2023
$3,102
$274,410
$10,201
$284,611
-
$274,410
$10,201
$284,611
