Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    833 Green St Morganton, NC 28655

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9-Acre Industrial Site, Flexible Space

    Lot size:
    37,823 SF

    Property Features for 833 Green St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,823 SF
    Class
    B
    Total Rate
    283.67

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 833 Green St, Morganton, NC 28655 Contact us
    Unit Industrial Property

    $6 /Mo

    Size
    37,823 SF
    Contact us
    Unit Laydown Area

    $48,000 /Mo

    Size
    174,240 SF
    Contact us

    We can help!

    Listing Contact
    Eric Engstrom
    Eric Engstrom

    Listing Agent: Eric Engstrom

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 9-acre industrial property in Morganton, North Carolina, presents a unique investment opportunity. Located on N. Green Street (Hwy 181), this site boasts high visibility with over 21,500 vehicles passing daily. The property includes a single-story, 37,823-square-foot industrial building, perfect for warehousing, manufacturing, or distribution. The building features a 14-foot ceiling height, one loading dock, one dock-high door, and one drive-in door. The minimum divisible space is 5,000 square feet, with a maximum contiguous space of 37,823 square feet, accommodating a variety of business needs. The property is zoned HID/EID and offers ample outdoor storage on the 7.63 acres dedicated to industrial/manufacturing use. With three suites available, this versatile property is ideal for multiple tenants or a single large-scale operation. The 370-foot frontage provides excellent access and visibility. This prime location in Burke County offers a blend of retail and industrial potential, making it an attractive option for businesses seeking expansion or relocation in a thriving area. The property is available for sale or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    King's Christmas Trees Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.710595760322
    Latitude
    35.751527782614

    Nearby Similar for Lease

    • $21 SF/Yr
      5,600 SF

      Restaurant/Retail Space Available For Rent

      5,600 SF restaurant/retail space with tenant improvement allowance.
      115 E Union St, Morganton, NC 28655
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Prime Location

      Move-in ready retail spaces on main retail corridor.
      406-420 W Fleming Dr, Morganton, NC 28655
      View Details
    • Contact for pricing

      Retail Space in Morganton, NC

      Retail space available for lease in Morganton, North Carolina.
      Morganton, NC 28655
      View Details
    • Contact for pricing
      3,500 SF

      Retail/Office Space in Morganton Station

      Versatile space in a vibrant mixed-use complex with high visibility.
      605 S Green St, Morganton, NC 28655
      View Details
    • Contact for pricing
      1,381 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space in a prime location.
      109 E Fleming Dr, Morganton, NC 28655
      View Details
    • Contact for pricing
      76,665 SF

      Morganton Industrial Space Available

      76,665 SF industrial space with heavy power.
      1000 Chain Dr, Morganton, NC 28655
      View Details
    • $15 SF/Yr
      5,000 SF

      Morganton Office Space For Lease

      Prime Downtown Morganton Office, 1250-2000 sqft
      200 College St, Morganton, NC 28655
      View Details
    • $22 SF/Yr
      3,500 SF

      Downtown Morganton Retail Space

      Prime Restaurant Location, Newly Renovated
      309 Green St, Morganton, NC 28655
      View Details
    • $10 SF/Yr
      202,980 SF

      Fiddler's Run Retail Spaces

      Morganton, NC: Prime Retail Opportunity
      104 Fiddlers Run Blvd, Morganton, NC 28655
      View Details
    • Contact for pricing
      177,808 SF

      400 Morganton Heights Blvd

      Lifestyle centers • 177,808 SF
      400 Morganton Heights Blvd, Morganton, NC 28655
      View Details

    FAQs

    What type of property is this?
    Distribution property - 9-Acre Industrial Site, Flexible Space
    Where is this distribution property located?
    The property is located at 833 Green St Morganton, NC.
    What is the lease rate?
    The lease rate is $6-$48,000 SF/Yr.
    What are key features of this property?
    This property features: High-visibility 9-acre industrial property on Hwy 181 (N. Green Street) in Morganton, NC, with 21,500+ vehicles passing daily.; 7.63 acres of land zoned HID/EID, ideal for industrial/manufacturing use and outdoor storage.; 37,823 SF single-story industrial building suitable for warehousing, manufacturing, or distribution; divisible into minimum 5,000 SF units.
    (336) 480-5380 Call to check price and availability
    Request Owner's contact information
    833 Green St Morganton, NC 28655
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    833 Green St
    Morganton, NC 28655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    833 Green St Morganton, NC 28655
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Engstrom
    Eric Engstrom
    Real Estate License ID: 285282
    (336) 480-5380 (828) 665-9085
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!