817 New Bern Ave Raleigh, NC 27601
Property Lookup
Property profile & analytics
817 New Bern Ave Raleigh, NC 27601
- Office buildings
- 5,208 SF
- 0.37 lot acres
Property ID
US53-2241989
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
- Raleigh Signs, Inc. / (Bike/Boat/Book/etc) Store / Printing Service
- Selections Rentals,LLC / Party Supply Store / Rental Equipment Company
- A New Start Support Services / Social Service Agency / Charitable Organization
- ALTA COMMUNITY ACTION ASSOCIATION / Association / Organization
- R&R Leatherworks / Industrial Manufacturer
Property Details for 817 New Bern Ave
- Year built
- 1984
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 5,208 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1713.05-09-9146 0495898
- APU
- 1713050991460495898
Description
This exceptional office building, located at 817 New Bern Avenue in Raleigh, NC, presents a unique investment opportunity. Situated just blocks from downtown Raleigh, this property boasts a highly desirable location with the added benefit of ample on-site parking—a rare commodity in this area. The building itself comprises eight individual office units, four of which are currently leased, leaving four immediately available for occupancy. The building sits on a 0.37-acre lot. A significant advantage is the substantial storage space available. Located on the first floor facing Edenton Street, this area includes twelve individual storage units, providing ample room for tenants' needs. High-speed internet is included in the lease, featuring AT&T fiber optic service with 1000 Mbps upload and download speeds. This ensures tenants have access to reliable and fast internet connectivity, crucial for modern business operations. The asking price for this exceptional property is $2,000,000. Given its prime location, abundant parking, extensive storage, and high-speed internet access, this office building represents a compelling investment opportunity for discerning buyers seeking a strong return in the thriving Raleigh market. The combination of leased and available units offers immediate income potential and the opportunity for future growth. Don't miss this chance to acquire a truly unique and well-positioned commercial property.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $795,000
- ML approach
- $800,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,285,000
- 6.5%
- $1,185,000
- 7%
- $1,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $737,000
Market price range: $737k - $1.35M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,015,000 Current use
- AUTO REPAIR, GARAGE
- $1,535,000 Change: +51% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.626
- Latitude
- 35.7804
- 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
$5,362
$580,212
$23,642
$603,854
-
$580,212
$23,642
$603,854
