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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Medical Office Space
960 Newman Rd New Bern, NC 28562-5200
Individually Owned
14-yr Hold
Free & Clear
Property ID
US53-3623882
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
4,214 SF
Lot
1.06 ac (46,174 SF)
APN
8-212 -7001
UPID
US53-3623882
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
-
Dumicz Piotr MD Physician
-
Halligan Michael E MD Physician
-
CarolinaEast Cardiac, Thoracic & Vascular Surgery Medical Clinic
-
Jaime Murray Pediatrician Physician
-
Churchill Bunce Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$635k
Owner & transaction history
Carolinaeast Health System · 14 yrs held
Carolinaeast Health System
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+139.2%
Office building
$970,000
+131.7%
Retail stores
$570,000
+35.9%
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
$435,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$420,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: +139% · Conversion: Easy
OFFICE BUILDING
$970,000
Change: +132% · Conversion: Easy
RETAIL STORES
$570,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$445,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$415,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$151 / 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
Assessed value
$1,140,380
Assessed 2024
Previous assessed
$1,140,380
+0.0% YoY
Assessed land
$439,080
Assessed improvement
$701,300
Land market value
$439,080
Improvement market value
$701,300
Total market value
$1,140,380
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
2011
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
4,214 SF
Lot
1.06 ac (46,174 SF)
APN
8-212 -7001
UPID
US53-3623882
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
MEDICAL BUILDING Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$415,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Carolinaeast Health System
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 12157, NEW BERN, NC 28561-2157
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2012
$1,150,000
Carolinaeast Health System
Ctvaec Properties LLC
Deed
—
Aug 31, 2010
$430,000
Ctvaec Properties LLC
C G W INC
Warranty Deed
$1,195,000 · Rbc Bank USA
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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