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Property profile & analytics
OFF-MARKET
Estimated value
$7,890,000
Grocery and convenience stores
935 Us 70th E Hwy New Bern, NC 28560-6535
Entity Owned
~
Est. High Equity
Property ID
US53-3647426
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Total area
28,079 SF
Lot
6.08 ac (264,845 SF)
APN
7-009 -002
UPID
US53-3647426
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.54M
Comparable Approach
Comparable
$8.84M
Blend (final)
Blend
$7.89M
Owner & transaction history
TRENT DEVELOPMENT GROUP PARTNERSHIP
TRENT DEVELOPMENT GROUP PARTNERSHIP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.7M
+68.5%
Restaurant
$9.3M
+60.7%
Commercial (general)
$6.3M
+9.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,245,000
6.5%
$8,535,000
7%
$7,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,775,000
Current use
WAREHOUSE, STORAGE
$9,735,000
Change: +68% · Conversion: Difficult
RESTAURANT
$9,285,000
Change: +61% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,345,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,855,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,230,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.89M
Range $7.10M – $8.68M · ±10%
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
$281 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$24,462
Tax year 2024
Assessed value
$5,262,990
Assessed 2024
Previous assessed
$5,262,990
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$1,094,390
Assessed improvement
$4,168,600
Land market value
$1,094,390
Improvement market value
$4,168,600
Total market value
$5,262,990
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
28,079 SF
Lot
6.08 ac (264,845 SF)
APN
7-009 -002
UPID
US53-3647426
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
RETAIL STORES Current
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$9.7M
RESTAURANT
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES Current
WAREHOUSE, STORAGE
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
6.08 ac
Current owner
From public records · entity-resolved
TRENT DEVELOPMENT GROUP PARTNERSHIP
Entity
Mailing address
PO BOX 14165, NEW BERN, NC 28561-4165
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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