Property profile

918 New Bern Ave Raleigh, NC 27601

OFF-MARKET
Investment properties
Property ID
US53-1050230
2,502 SF 0.2 ac lot Built 1954
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1954
Construction BRICK
Total area 2,502 SF
Lot 0.2 ac (8,712 SF)
Zoning code OX-3
APN 1713.05-18-3858 0028874
UPID US53-1050230

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm

Location

918 New Bern Ave Raleigh, NC 27601-1604
Raleigh metro Census 50700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2005
$15,000
2003
Price N/A

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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