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    150 August St, Unit 200 Morganton, NC 28655

    For Sale
    $1,400,000

    Class A office condominium with leaseback opportunity in Morganton, NC.

    Property Features for 150 August St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2004

    Source: BROADPOINT REAL ESTATE GROUP Agent TOM JOHNSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Space For Sale

    The available space is the upper floor of a condominium property. The lower floor is owned by UNC Health Blue Ridge. Approximately one-half of the space is currently occupied by TGS Engineering, and they will lease back this portion for a minimum of three years. This is a Class A office space, equipped with a full sprinkler system and an alarm system.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.7518
    Latitude
    35.7567

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    FAQs

    What type of property is this?
    Office space - Class A office condominium with leaseback opportunity in Morganton, NC.
    Where is this office space located?
    The property is located at 150 August St, Unit 200 Morganton, NC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Class A office space.; - Existing tenant (TGS Engineering) with a leaseback agreement of at least three years.; - Property is the upper floor of a condominium.
    (828) 438-4111
    Request Owner's contact information
    150 August St, Unit 200 Morganton, NC 28655
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    Morganton, NC 28655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 August St, Unit 200 Morganton, NC 28655
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